CO129-186 - Public Offices & Others - 1879 — Page 502

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

Bank replaces

Рагу

Par y conta

438

He two alteration I would suggest in

the present law are

Llo

。 follows.

14. That power be given to the fullge

his discretion to refuse to adjudecate

man bankrupt.

متعد

Curte

ad-

a

petition, unless

the Schedule filed shows aflts which will the creditors at least 5 per cent

pay

zal

That the Judge shall have the power at discretion to call upon the creditors

in

every Bankruptcy more designees pom

of they fail to do so

of

to appoint

oxe

teir

Beg

body; a

Aud

within

A

to annul the adjudication.

limited time

The evils of the present segation

CLE

very

great. In it's present form the Bankrueply law in Honghong is, save us

in saging, a positive commercial dishonesty.

Chinese traders are

to what conve

venient

lucou TA

ind

Les station

agement.

beginning to learn

CAL

they

can

male

of the Court of Bankruptcy. They schedules show commonly very Leavy liabilities,

apots (concreting pacially of money due)

5 jurisdiction, very

very

small within the

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