THE HONG KONG GOVERNMENT GAZEITE, NOVEMBER 18, 1932.
to be
furnished to
176. Where in pursuance of section 88 of the Statements Ordinance the Official Receiver or trustee is required of accounts to transmit to creditors a statement of the accounts, the cost of furnishing and transmitting such state- creditors. ment shall be calculated at the rate of 25 cents R346. per folio for each statement where the creditors do not exceed 10, and where the creditors exceed 10, $1 per folio, for the preparation of the statement, and the actual cost of printing, if printed.
Form 150.
forbidden.
177. Neither the trustee nor any member of the Purchase of committee of inspection of an estate shall, while part of
estate by acting as trustee or member of such committee trustee or except by leave of the court, either directly or committee indirectly, by himself or any partner, clerk, agent, or servant, become purchaser of any part of the R347. estate. Any such purchase made contrary to the provisions of the rule may be set aside by the court on the application of the Official Receiver or any creditor, or the debtor.
trustee carries
on
the Dealings the with estate
by trustee the and com- (if mittee of the inspection
178.-(1) Where the business of the debtor, he shall not without express sanction of the court purchase goods for carrying on of such business from his employer any), or from any person whose connexion with trustee is of such a nature as would result in the R348. trustee obtaining any portion of the profit (if any) arising out of the transaction.
(2) No member of a committee of inspection of an estate shall, except under and with the sanction of the court, directly or indirectly, by himself or any employer, partner, clerk, agent, or servant, be entitled to derive any profit from any transaction arising out of the bankruptcy, or to receive out of the estate any payment for services rendered by him in connexion with the administration of the estate, or
for any goods supplied by him to the trustee for or on account of the estate. If it appears to the court that any profit or payment has been made contrary to the provisions of this rule, it may disallow such payment or recover such profit, as the case may be, on the audit of the trustee's account.
(3) Where the sanction of the court under this rule to a payment to a member of a committee of inspection for services rendered by him in connexion with the administration of the estate is obtained, the order of the court shall specify the nature of the services, and shall only be given where the service performed is of a special nature. No payment shall, under any circumstances, be allowed to a member of a committee for services rendered by him in the discharge of the duties attaching to his office as a member of such committee.
(4) The cost of obtaining such sanction as aforesaid shall be borne by the person in whose interest it is obtained and shall not be payable out of the debtor's estate.
before estate
179.-(1) Where a debtor is adjudged bankrupt, Discharge and a trustee is appointed, the Official Receiver shall of costs, &c., forthwith put the trustee into possession of all pro- handed over perty of the bankrupt of which the Official Receiver to trustee. may be possessed; provided that such trustee shall R349. have, before the estate is handed over to him by the Official Receiver, discharged any balance due to the Official Receiver on account of fees, costs, and charges properly incurred by him and payable under the Ordinance, and on account of all advances properly made by him in respect of the estate, together with interest on such advances at the rate of eight per cent. per annum, and shall have discharged or undertaken to discharge all guarantees which have
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