THE HONGKONG GOVERNMENT GAZETTE, DECEMBER 15, 1911. 647
Tables and Forms,
119.) The forms in the Third Schedule to this Application Ordinance or forms as near thereto as circumstances admit and altera- shall be used in all matters to which those forms refer.
tion of tables and forms.
69 s. 118.
(2) The Governor may alter any of the tables and forms 8 Edw. 7 c. in the First Schedule to this Ordinance, so that he does not increase the amount of fees payable to the registrar in the said schedule mentioned, and may alter or add to the forms in the said Third Schedule.
(3) Any such table or form, when altered, shall be published in the Gazette, and thenceforth shall have the same force as if it were included in one of the Schedules to this Ordinance, but no alteration made by the Governor in Table A in the said First Schedule shall affect any com- pany registered before the alteration, or repeal, as respects that company, any portion of that table.
Arbitrations,
120.-(1) A company may by writing under its common Arbitration seal agree to refer and may refer to arbitration, in accord- between ance with the provisions of the Railway Companies Arbi- companies tration Act, 1859, of the Imperial Parliament, any existing 76, s. 119. or future difference between itself and any other company
or person.
(2) Companies parties to the arbitration may delegate to the arbitrator power to settle any terms or to determine any matter capable of being lawfully settled or determined by the companies themselves, or by their directors or other managing body.
(3) All the provisions of the Railway Companies Arbi- tration Act, 1859, shall apply to arbitrations between companies and persous in pursuance of this Ordinance; and in the construction of those provisions "the companies' shall include companies under this Ordinance.
(4) For the purposes of the application of the said Aet to this Ordinance, the words "the Board of Trade" there- in occurring shall be read as meaning the Governor and the words "all the Superior Courts of Law and Equity in the United Kingdom according to their respective jurisdiction and the words "any of His Majesty's Superior Courts of Record at Westminster, or as the case may be at Dublin" shall be read as meaning the court,
Power to compromise.
and others.
tors and members. Ib, s. 120.
121-(1) Where a compromise or arrangement is pro- Power to posed between a company and its creditors or any class of compromise them, or between the company and its members or any with credi- class of them, the court may, on the application in a sum- mary way of the company or of any creditor or member of the company or, in the case of a company being wound up, of the liquidator, order a meeting of the creditors or class of creditors or of the members of the company or class of members, as the case may he, to be summoned in such manner as the court directs.
(2) If a majority in number representing three-fourths in value of the creditors or class of creditors, or members or class of members, as the case may be, present either in person or by proxy at the meeting, agree to any com- promise or arrangement, the compromise or arrangement shall, if sanctioned by the court, be binding.on all the creditors or the class of creditors, or on the members or class of members, as the case may be, and also on the company or, in the case of a company in the course of being wound up, on the liquidator and contributories of the company.
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(3) In this section the expression “company means any company liable to be wound up under this Ordinance.
Meaning of "Private Company.”
122.-(1) For the purposes of this Ordinance the ex- Meaning of pression "private company" means a company which by "private is articles-
company."
Zb. s. 121.
(a) restricts the right to transfer its shares; and