431
TABLE OF CORRESPONDENCE
BETWEEN
THE PILL, ORDINANCE No. 7 OF 1891, AND THE
BANKRUPTCY ACT,
1914.
SUBJECT MATTER
BILL.
ORDINANCE
No. 7 OF
1891.
BANK-
RUPTCY
ACT, 1914.
Short title.
169
Interpretation.
167
Acts of bankruptcy.
3
3 (1) (3)
Bankruptcy notices,
Jurisdiction to make receiving order.” Conditions on which creditor may peti- tion.
Liability of firm to
have receiving or- der made against it.
Powers of Official
Receiver
and
duties of debtor
on petition being
filed.
10
لمان
3 (2)
2
3
10
4
REMARKS.
66 or
In clause 3 (d)
departs from his ..............usual place of business is new and considered necessary as it is often the only address known; and "or removes his property or any part thereof beyond the juris- diction of the court is taken Ordinance
from
No. 7 of 1891, s. 3 (1) (@).
Minimum debt in- creased from $300 to $500 (England, £50). Act of bankruptcy to be within 3 months before petition instead of 4 months (England, 3 months). Refer- ence to deeds of arrangement omit- ted because no law on the subject in Hong Kong.
New provision. The first part of sub- clause (1) merely anticipates the procedure after the Receiving Order provided for in clause 26. See also clause 29. Debtors frequently abscond before the bearing and allegations that goods or books have been removed are com-
mon. It is easy to get out of the Colony,
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