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THE HONGKONG GOVERNMENT GAZETTE, DECEMBER 4, 1914.
4. Sub-section (7) of section 5 of the Principal Ordi- Amendment nance is amended as follows:-
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of Ordinance No. 28 of
(a.) by the substitution of the word “trade" for 1914, s. 5 (7).
the word "business" in the third line thereof;
(b) by the insertion of the words " together with the goodwill of such trade and every part thereof," after the word “ enemy at the end of the third line thereof;
(c.) by the insertion of the following words between the word "trade" and the word "and" in the fifth line thereof :-
if
or any branch of such trade outside the "Colouy";
(d.) by the insertion of the words "for valuable
consideration" between the word "assigned' and the word “to " in the sevouth line thereof; (e.) by the insertion of the following words between the word "liquidator" and the word "provided" in the tenth and eleventh lines thereof :
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"and in particular the appointment of a liquidator of the trade of an alien enemy "under the provisions of this Ordinance shall not alter vary or affect in any way any liability or obligation of any com- pradore of any such trade, or of any surety of any such compradore, as existing im- "mediately before the appointment of the liquidator, nor shall such appointment
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operate to discharge any such compradore
or any surety of any such compradore "in respect of any such liability or obliga- "tion or to give him or any person who "has mortgaged pledged charged assigned
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or given any property to secure any such compradore any rights such surety or person would not otherwise have had "whether in respect of any personal obliga- tion or of any property mortgaged pledged charged assigned or given as security or "otherwise:'
5. Sub-section (8) of section 5 of the Principal Ordi- Amendment nance is amended as follows:-
of Ordinance No. 28 of
(a.) by the insertion of a comina after the word 1914, s. 5 (8).
"proceedings and by the insertion of the words "except proceedings in bankruptcy against an alien enemy" between the word proceedings" and the word "which" in the first line thereof;
(b.) by the insertion of the words "by or against such alien enemy" between the word "brought" and the word "in" in the second line thereof.
6. Sub-section (11) of section 5 of the Principal Ordi- Repeal of nance is repealed.
Ordinance No. 28 of 1914, s. 5 (11).
7. The following sub-sections are added after sub- Addition of section (10) of section 5 of the Principal Ordinance :- new sub-
"(11.) Every liquidator shall be entitled to retain sections to out of the assets of the trade, or out of the per- Ordinance
section 5 of sonal assets, of the alien euemy whose trade No. 28 of or personal affairs respectively he has been 1914. appointed to wind up, the expenses incurred by the liquidator in the course of such winding up, including (a) the rent of any business pre- mises formerly occupied by such alien enemy which shall accrue while such premises are occupied by the liquidator for the purpose of such winding up, (6) audit fees, and (c) any money which may be advanced by the liqui- dator for the purposes of such winding up, and also a sum of money equal to two and a half per cent. on the total assets realised or brought to credit by the liquidator, as remuneration for his loss of time and trouble.
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