THE CHINA AND JAPAN ORDER IN COUNCIL, 1881.
(iii.) As regards the property in, or right to, the possession of such chattels comprised in the bill as, at or after the filing of the petition for bankruptey or liqui- dation, or the execution of the assignment, or the seizure, are in the grantor's pos- session, or apparent possession.
33.-Registered bills of sale affecting the same chattels have as among them- selves priority in order of registration.
34.-Chattels comprised in a registered bill of sale are not in the possession, order, or disposition of the grantor within the law of bankruptcy.
35.-If in any case there is an unregistered bill of sale, and within or on the expiration of the time by this Order allowed for registration thereof, a subsequent bill of sale is granted affecting the same or some of the same chattels, for the same or part of the same debt, then the subsequent bill is, to the extent to which it com- prises the same chattels and is for the samne debt, absolutely void, unless the Supreme Court for China and Japan, or the Court for Japan, as the case may require, is satisfied that the subsequent bill is granted in good faith for the purpose of correct- ing some material error in the prior bill, and not for the purpose of unlawfully evading the operation of this Order.
years.
36. The registration of a bill of sale must be renewed once at least every five
37.-Renewal of registration is made as follows:-An affidavit stating the date of and parties to the bill of sale, and the date of the original registration, and of the last renewal, and that the bill is still a subsisting security, is brought in to the proper office of the Court or the Consulate of original registration, and is left there.
39.-If the registration of a bill of sale is not so renewed in any period of five years, then on and from the expiration of that period the bill is deemed to be unregistered.
39. The provisions of this Order relating to renewal apply to bills of sale registered under the Regulations repealed by this Order.
40.-A transfer or assignment of a registered bill of sale need not be registered; and renewal of registration is not necessary by reason only of such a transfer or assignment.
41.-Where the time for registration or renewal of registration of a bill of sale expires on a Sunday, or other day on which the office for registration is closed, the registration or renewal is valid if made on the first subsequent day on which the office is open.
42.—If in any case the Supreme Court for China and Japan, or the Court for Japan, as the case may require, is satisfied that failure to register or to renew the registra- tion of a bill of sale in due time, or any omission or misstatement connected with registration or renewal, was accidental or inadvertent, the Court may, if it thinks ît, order the failure, omission, or misstatement to be rectified in such manner, and on such terms, if any, respecting security, notice by advertisement or otherwise, or any other matter, as the Court thinks fit.
43.-(a.) The provisions of this Order, except as regards renewal of registra- tion, do not apply to a bill of sale executed before the commencement of this Order. (b.) As regards a bill of sale executed before the commencement of this Order, the Regulations repealed by this Order shall, notwithstanding that repeal, be in force, and shall be deemed to have always been of the like validity and effect as if they had originally been made by Order in Council.
44.-The power conferred on the Chief Justice of the Supreme Court for China and Japan by Article 127 of the China and Japan Order in Council, 1865, of framing Rules from time to time, is hereby extended to the framing of Rules for prescribing and regulating the making and keeping of indexes, and of a general index, to the registers of bills of sale, and searches in those indexes, and other particulars con- nected with the making, keeping, and using of those registers and indexes, and for authorising and regulating the unregistering of any bill of sale, or the registering of any release or satisfaction in respect thereof.