" which Colony the Dept. is largely self-supporting,
appears from
the Reports for 1891>,
the Enclosed, a copy corresponds with that of
Committee's Report of Dec. 1892, which suggests that before reporting
any Amendment which may be desirable in the Hong Kong Bankruptcy Ordinance, he should obtain information from the Straits for Amending Ordinance.
It is referred to the Report for 1892, a copy of the Report in Bankruptcy Ordinance about to be introduced in that Colony.
Some hints may be derived from this for the guide of the Hong Kong law, although Lord Ripon does not wish to imply that the Hong Kong Law on the subject should necessarily be made in all respects similar to that at the Straits.
Above that at the Straits (as in my land) all the money moving into the hands of Official Receivers under the Straits Ord. (Secs.68-70) all moneys received in account bankruptcy Estates in bankruptcy are paid into a Bankruptcy Account, and surplus funds in that account are invested (for the benefit of the creditors), but
On Cleaning up
I have not found in the draft
it does not seem that the Hong Kong Ordinance (Sec.80) the "Bankruptcy Estates Account" only includes unclaimed dividends, and there is no express provision for the investment of these funds, although I apprehend that the repeal of the words "to be paid out" (Secs.68-70 explained when amending Ord.)
was not part (Secs.68-70) explained when amending Ord. 6 of 1892 has the effect of leaving open to the Registrar to invest the money? Ask what was the intention of omitting those words.
On the other hand, the moneys coming from liquidation of Estates in bankruptcy (by Sec.60 of the Ord. of 1891 as amended by Sec.13 of Ord. of 1892) are paid into a Bank, to an account kept in the name of the Official Receiver and to several separate accounts in the case of unofficial trustees; it is presumed that the Bank allows interest (e.g., 2 per cent) on all of these separate Accounts if they stand for any length of time, and it is gathered from Mr. M. Nicolle's Report that such interest is allowed.
1
" which Colony the Dept. is largely self-supporting,
12
appears from
thee Reports for 1891>,
the Enclosed, b
which copy spankruptes with bf of
Committee's Report of Dec. 1892, t Fsuggest that before reporting
A
1 any
Amendment which
t-
be desirable in the HKmy, linay Ord
ce he should obtain frauf the Straits for Amending
24.
Liekave І вести сервера
of this th it is referre the Rep
for 1892]
copy of the Report in Bacterople Ordce about to be
intrigured in that bel
A
this for 1892
be derived
some hints maz there from for the guide of the Hongking for?, although Lord Ripon does not wish to ..imply that the Hung Kay Law
the subject should necessarily be made in all respects to that at the Straits Above that at the Straits
similar
(arin my land) all the man
moving into the hands of Afficient Receivers
Under the Straits Ord. (55.68-70)
all mmers received in account
bankruptey
Estates in
Solates
paid into a Bankruptez Account, &surplus funde that account are invested (for the benefit of the for?" "), but
z d
On Cleand thing
I have not fo
Reis in the draf
A
A does not
seem that the he
397
under the Hangkay Orde (5.80) the "Bankruptez Estates Account " only include, unclaimed dividends, & there
express provision for the investment of these funds,
Kept at although dapprehend that the repeal of the words "to be paid
was not
part (55.68.70 pxplained when
amennding Ord.
are
..
Can Ame
pug.201
to
A
that miginally appeared in 5.80 & were cut out by s. 14 of Ord. 6 of 1892 has the effect of leaving open to the Registran invest the money? Angs ? Ask what was the intention of omitting those words.
On the other hand the moneys
commeiquidati
of Estates in
at Whey (by 5.60 of the Ord. I 1891
amended by
A
5.130f
are
Ord. of 1892)
paid into a Bank, to account kept in the name the Pficial Receiver & to several separate accounts in the case of unofficial trustion; it is presume that the Bank allows 12 per cent) on all of these separate Accounts if they stand booger that no
interest,
with for any length of tine, + it is gathered frau fr. 23h M. Nicolle's Report that such
tr
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