1967-HKRS29-8-34_Part03 — Page 27

Amendment of *cction 9.

4.

(b) in the case of any other bill of sale, as against all trustees or assignees of the estate of the person whose chattels, or any of them, are comprised in such bill of sale under the law relating to bank- ruptcy or liquidation, or under any assignment for the benefit of the creditors of such person, and also as against all bailiffs and other persons seizing any chattels comprised in such bill of sale, in the execution of any process of any court authorizing the seizure of the chattels of the person by whom or of whose chatteks such bill has been made, and also as against every person on whose behalf such process shall have been issued, be deemed fraudu- lent and void so far as regards the property in or right to possession of any chattels comprised in such bill of sale which, at or after the time of filing the petition for bankruptcy or liquidation, or of the execution of such assignment, or of execut- ing such process, as the case may be, and after the expiration of such seven clear days are in the pos session or apparent possession of the person making such bill of sale, or of any person against whom the process has been issued under or in the execution of which such bill has been made or given, as the case may be.".

Section 9 of the principal Ordinance is amended by deleting paragraph (a) of subsection (1) and substituting therefor the following-

"(a) in the case of—

(i) a bill of sale made or given by way of security for the payment of money, the execution of the bill by the grantor shall be witnessed by one or more credible wimesses, not being a party or parties thereto; and

(i) any other bill of sale, the execution of the bill by the grantor shall be witnessed by a solicitor of the Supreme Court if it is executed in Hong Kong or by a Commissioner to administer oaths in the Supreme Court if it is executed in any place outside of Hong Kong, and the attestation shall state that before the execution of the bill the effect thereof has been explained to the grantor by the attesting solicitor or Commissioner, as the case may be:".

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5. Section 14 of the principal Ordinance is amended by deleting “a bill of sale" and substituting therefor the following- "any bill of sale made or given by way of security for the payment of money”.

6.

Section 16 of the principal Ordinance is amended by inserting, after "given", the following--

"by way of security for the payment of money".

7. Section 22 of the principal Ordinance is amended by inserting in subsection (3), after "registered bill of sale", the following-

"made or given by way of security for the payment of money".

This printed impression has been carefully compared by me with the Bill which passed the Legislative Council on the 18th day of October, 1967, and is found by me to be a true and correctly printed copy of the said Bill.

Deputy Clerk of Councils.

(Secretariat GR 21/3231/66)

Amendment Of section 14.

Amendment of section 16.

Amendment of section 22.