CAP. 31]
[s. 8 cont.]
Registration
of changes in
partnerships.
22 of 1950, Schedule.
Ad valorem stamp duty on contri- butions by registered partners.
Chinese Partnerships.
(i) the interest in the firm of any hung kú shareholder who desires to be registered as such under this Ordinance.
9. (1) If during the continuance of a registered partnership any change is made or occurs, whether by reason of the death of a registered or unregistered partner or otherwise howsoever, in-
(a) the firm name,
(b) the general nature of the business,
(c) the principal place of business,
(d) the registered partners or the name of any registered partner,
(e) the term or character of the partnership,
(f) the sum contributed by any registered partner, (g) the proportion which the interest in the partnership of any registered partner bears to the interest of all the partners, whether registered or unregistered, in the partnership,
a statement, chopped with the chop of the partnership and signed by the manager or in his absence by one or more of the registered partners, specifying the nature of the change shall within fourteen days be delivered to the Registrar.
(2) If default is made in complying with the requirements of this section, such manager and all the registered partners who cannot prove that they were ignorant of the change shall upon summary conviction be liable to a fine of fifty dollars for each day during which the default continues: Provided that no person shall be liable to pay a fine exceeding a total sum of five hundred dollars.
10. The statement of the amount contributed by a registered partner, and a statement of any increase in that amount, sent to the Registrar for registration under this Ordinance, shall be charged with an ad valorem stamp duty of one dollar for every five hundred dollars or portion of five hundred dollars up to ten thousand dollars, and one dollar for every one thousand dollars or portion of one thousand dollars on the next fifteen thousand dollars, and fifty cents for every one thousand dollars or portion of one thousand dollars on sums above twenty-five thousand
10