CO129-432 - Governor Sir May - 1916 [3-5] — Page 8

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

-bility is that thi

claimant may prove

deficiency

not get paid

a. chring to

q

assets,

in

in full,

Case

In this

he would be wi

бий

exactly the same po- -sition as aug

creditar

estate

whene

inscharent

I dont fee

shened have

Special treatment. It is position would in fact depend on the position decision on

7.

(V). Sing Fiddes will remembe

that there was some differeme popinion on this question at the Conference, though altinting we all agreed

The objections to Kerminating liability are (a) That

Then mag he

Who, owing

creditors

ve the wow, Camer

prove their debts, awho

6

would be the present Decisione ferced

to postpone their claims Fill after the wor When they with have to every teritor

Sice in

как тая

not get Justur. 161. By forbidding the privati

The Tale of

property of partners we prevent the caritas

firms (not

9

Unita

"Liability companies) hom

exhausting all the re-

ro

-medies which woul

normally be open their - If we go fun thin Verminato Viability When the liquidation is complete, we may. the case of an insolvent partnership, defeat & fenuine nomeneme

claims.

On the other hand, if we Dont Kerminate liability,

in

be recognize the continued

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