Directory_and_Chronicle_1940 — Page 121

H.B.M, SUBJECTS IN CHINA AND COREA

(a) In the case of failure to conform with the rule respecting an inventory, as far as regards chattels omitted from the inventory; and

(b) In any other case, wholly.

(3) The inventory, and any defeasance, condition, or declaration as foresaid, respectively, is for all purposes deemed part of the bill.

bill.

136. A bill of sale conforming, or appearing to conform, with the Time for oregoing rules, may be registered, if it is intended to affect chattels in registering China or Corea, at the Supreme Court or at the Consulate of the Consular district wherein the chattels are, within the respective time ollowing and not afterwards, namely

(1) Within fourteen days after its execution, where it is executed

in the Consular district wherein the chattels are;

(2) Within two months after its execution, where it is executed in China or in Corea elsewhere than in that Consular district, or in Weihaiwei or Hongkong;

registering bill.

(3) Within six months after its execution, where it is executed else-

where than in China, Corea, Weihaiwei, or Hongkong. 137. Registration is made as follows:-The original and a copy of Mode of the bill of sale, and an affidavit verifying the execution, and the time and place of execution, and the attestation thereof, and verifying the topy, are brought into the proper office of the Court or the Consulate e; and the copy and affidavit are left there.

138. If a bill of sale is not registered at a place and within the time by this Order appointed and allowed for registration thereof, it is, from and after the expiration of that time, void in China or in Corea, according s that place is in China or in Corea, to the extent following, but not further, that is to say:-

(1) As against trustees or assignees of the estate of the grantor, in or under bankruptcy, liquidation, or assignment for the benefit of creditors; and

(2) As against all sheriffs and others seizing chattels under process of any Court, and any person on whose behalf the seizure is made; but only

(3) As regards the property in, or right to, the possession of such chattels comprised in the bill as, at or after the filing of the petition for bankruptcy or liquidation, or the execution of the assignment, or the seizure, are in the grantor's possession, or apparent possession.

Penalty for failure to

register.

139. Registered bills of sale affecting the same chattels have as Priority. among themselves priority in order of registration.

140. Chattels comprised in a registered bill of sale are not in the possession, order, or disposition of the grantor within the law of bank- ruptcy.

141. If in any case there is an unregistered bill of sale, and within r on the expiration of the time by this Order allowed for registration hereof, a subsequent bill of sale is granted affecting the same or some of the same chattels, for the same or part of the same debt, then the ubsequent bill is, to the extent to which it comprises the same chattels and is for the same debt absolutely void, unless the Court is satisfied that he subsequent bill is granted in good faith for the purpose of correcting some material error in the prior bill, and not for the purpose of unlawfully

vading the operation of this Order.

142. The registration of a bill of sale must be renewed once at least very five years.

143. Renewal of registration is made as follows:-An affidavit stating he date of and parties to the bill of sale, and the date of the original

95

Effect of bill in case of

bankruptcy.

Subsequent

bill covering

same goods.

Time for

renewal.

Mode of

renewal.