THE HONGKONG GOVERNMENT GAZETTE, 29TH NOVEMBER, 1890.
20. (1.) At any time prior to adjudication the creditors may by ordinary resolution nominate some fit person to be Trustee in the bankruptcy and upon making the adjudication the Court shall appoint the creditors' nominee or if dissatis- fied with the nomination some other person to be Trustee. The Official Receiver may be appointed Trustee if the Court thinks fit.
(2.) A Trustee other than the Official Receiver shall give such security as the Court may direct.
21. (1.) At the first or any subsequent meeting the creditors may by ordinary resolution appoint from among the creditors qualified to vote or the holders of general proxies or general powers of attorney a Committee of Inspection consisting of three persons for the purpose of superintending the administration of the bankrupt's property by the Trustee.
(2.) Any two members of the committee may act.
(3.) On a vacancy occurring by death resignation incapa- city or otherwise the Trustee shall summon a meeting of creditors for the purpose of filling the vacaney but the continuing members may act notwithstanding the vacancy.
(4.) If there be no Committee of Inspection any act or thing or any direction or permission by this Ordinance authorised or required to be done or given by the committee may be done or given by the Court on the application of the Trustee.
22. (1.) Where a debtor is adjudged bankrupt the creditors may if they think fit at any time after the adju- dication by special resolution resolve to entertain a proposal for a composition or scheme of arrangement under this Ordinance and thereupon the same proceedings shall be taken and the same consequences shall ensue as in the case of a composition or scheme accepted before adjudication.*
(2.) When a composition or scheme is approved by the Court after adjudication or if the Court is satisfied by fresh evidence or otherwise that the debtor ought not to have been adjudged bankrupt or when the debts of the bankrupt are all paid in full with interest the Court may annul the adjudication but such annulment shall not invalidate or affect acts theretofore done by the Official Receiver Trustee or manager or any person acting under their authority or under the authority of the Court,
Control over Person and Property of Debtor.
23. (1.) Every debtor against whom a receiving order is made shall unless prevented by sickness or other sufficient cause attend the first meeting of his creditors and shall submit to such examination aud give such information as the meeting may require.
(2.) He shall give such inventory of his property such list of his creditors and debtors and of the debts due to and from them respectively submit to such examination in re- spect of his property or his creditors attend such other meetings of his creditors wait at such time on the Official Receiver special manager or Trustee execute such powers of attorney conveyances deeds and instruments and generally do all such acts and things in relation to his property and the distribution of the proceeds amongst his creditors as may be reasonably required by the Official Receiver special manager Trustee or any creditor or person interested.
(3.) He shall if adjudged bankrupt aid to the utmost of his power in the realisation of his property and the distri- bution of the proceeds among his creditors.
(4.) If a debtor wilfully fails to perform the duties im- posed on him by this section or to deliver up possession of any part of his property which is divisible amongst his creditors under this Ordinance and which is for the time being in his possession or under his control to the Official Receiver or to the Trustee or to any person authorised by the Court to take possession of it he shall in addition to any other punishment to which he may be subject be guilty of a contempt of Court and may be punished accordingly.
24. (1.) The Court may by warrant cause a debtor to be arrested and any books
papers money and goods in his possession to be seized and him and them safely kept until such time as the Court may order under the following circumstances :-
(a.) If after a bankruptcy notice has been issued under this Ordinance or after presentation of a bankruptcy petition by or against him it appears to the Court that there is probable reason for believing that he is about to abscond with a view of avoiding payment of the debt in respect of
Trustee.
Committee of Inspection.
Power to secept com- position or scheme after adjudication and autho- rising adjudi- cation in certain cases,
Duties of debtor as to realisation of property.
Arrest of debtor and seizure of his property.
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WITHDRA