1952-HKRS30-8-42_Part04 — Page 4

RULES OF COURT

made under

THE COMPANIES ORDINANCE,

(Chapter 32).

In exercise of the power conferred by section 281 of the Companies Ordinance, I, Sir Gerard Lewis Howe, kt., Q.C, Chief Justice in and for the Colony of Hong Kong, with the concurrence of the Legislative Council, have made the following rules--

1. These rules may be cited as the Companies (Winding-up) Citation. (Amendment) Rules, 1957,

2. The Companies (Winding-up) Rules are amended Revocation by revoking rule 176 thereof and substituting the following and therefor :-

"Costs and

178. All costs and disbursements incurred in a

taxation. winding up by the court shall be taxed by the

Registrar."

Dated the 17th day of November, 1952.

Gare Hozz

replace- ment of Tale 176.

Chief Justice,

Concurred with and approved by Legislative Council this

3rd day of December, 1953 -

COUNCIL CHAMBER,

Deputy Clerk of Councils.

3rd December, 1952.

Explanatory Note.

(This note doge not form part of the Rules)

Rule 176 provides that in the case where the paid up capital of the company sought to be wound-up is under $100,000.00, the costs incurred are to be allowed on the Summary Jurisdiction scale. Since all much proceedings are before the Court of Original Jurisdiction, the Summary Jurisdiction scale of costa la considered inadequate, in particular as Counsel is necessary. The new Rules impose the scale of costs which already applies to other proceedings before the Court of Original Jurisdiction.

(Secretariat 19/3331/52)