CAP. 321
Companies.
[s. 332 cont.] if, in the event of the company being wound up, the general assets are insufficient to satisfy the claims of both the note-holders and the general creditors, then the members, after satisfying the remaining demands of the note-holders, shall be liable to contribute towards payment of the debts of the general creditors a sum equal to the amount received by the note-holders out of the general assets.
Privileges of banks making
19 & 20 Geo. 5,
c 23, s. 361.
(2) For the purposes of this section, the expression "the general assets" means the funds available for payment of the general creditor as well as the note-holder.
as
(3) Any bank of issue registered under this Ordinance as a limited company may state on its notes that the limited liability does not extend to its notes, and that the members of the company are liable in respect of its notes in the same manner as if it had been registered as an unlimited company.
333. (1) Where a company carrying on the business of bankers has duly forwarded to the Registrar the annual return required by section 107 and has added thereto a statement of the names of the several places where it carries on business, the company shall be deemed to be a "bank" and "bankers" within the meaning of the Evidence Ordinance.
(Cap. 8.)
Penalty for false statement.
19 & 20 Geo. 5,
Tenth Schedule,
22 of 1950, Schedule.
(2) The fact of the said annual return and statement having been duly forwarded may be proved in any legal proceedings by the certificate of the Registrar.
Miscellaneous Offences.
334. If any person in any return, report, certificate, balance sheet, or other document, required by or for the purposes of any of the provisions of this Ordinance specified in the Tenth Schedule, wilfully makes a statement false in any material particular, knowing it to be false, he shall be guilty of a misdemeanor, and shall be liable on summary conviction to a fine of two thousand dollars and imprisonment for six months: Provided that nothing in this section shall affect the provisions of the Perjury Ordinance.
(Cap. 214.)
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Page 333
[334
[335