549
TABLE OF CORRESPONDENCE
BETWEEN
THE PILL, ORDINANCE No. 7 OF 1891, AND THE BANKRUPTCY ACT, 1914.
SUBJECT MATTER,
BILL.
Short title.
ORDINANCE
No. 7 OF
1891.
BANK-
RUPTCY
ACT, 1914.
169
Interpretation.
2
167
Acts of bankruptcy,
3
3 (1) (3)
Bankruptcy notices,
Jurisdiction to make receiving order.
4
3 (2)
2
ان
5
1
3
REMARKS.
In clause 3 (d) OF departs from his ..............usual place of business' is new and considered necessary as it is often the ouly address known; and " Or removes his property or any part thereof beyond the juris- diction of the court is taken from Ordinance
9
No. 7 of 1891, s. 3 (1) (d).
Conditions on which
6
5
4
creditor may peti-
tion.
Liability of firm to have receiving or- der made against it.
Powers of Official Receiver and duties of debtor
on petition being filed.
Minimum debt in- creased from $300 to $500 (England, £50). Act of bankruptcy to be within 3 months before petition instead of 4 months (England, 3 months. Refer- ence to deeds of arrangement omit- ted because no law on the subject in Hong Kong.
New provision. The first part of sub- clause, (1) merely anticipates the procedure after the Receiving Order provided for in clanse 26. See also clause 29. Debtors frequently abscond before the hearing and allegations that goods or books have been removed are com- mon. It is easy to get out of the Colony.