121
with observations.
generally, regard to
ama
on the des.
despatch especially in paragraphs I and q
and with advice
v
on the questions
raised in paragraphe
2.
Su
4 and 5
valuable assets have been col. valuable assets
lected and secured, consequently the main object of
ruptcy law
A
bank.
in Hong Kong
the duties of the officials of
that Court,
reply
thereto I
10
have the honour to state that
purpose in the first place.
with the questions
must relate
and
ztvore
the conduct of the bankrupt, than to the administration and realisation of his estate.
to
deal
raised by Mr. Nicole's
report
4.
in order.
to place the whole
subject before Your Excellency.
After
AL
experience years in the Courts
Colony, I
rule.
state
Chinese traders,
these form by far the
great majority of bankrupts,
zieder
avail
themselves of the
bankruptcy laws until absolutely
obliged
40
so
to do.
Lo
save them.
selves from arrest in Civic
process, and
not before their
In
instanceo
when the creditors have been.
on the alert adjudication has
been obtained in time to save
something for the Creditors;
I have known
petitions by
credi
tors to be filed merely to
prevent
ALY execution creditor
obtaining
Judgment
causing
execution.
the
proceeds of the
to be distributed a-
mong
the
Creditors.
Carr
confidently
valuable
stote