20388-1911-Ordinance-passed-and-assented-to--Companies-No-58-of-1911 — Page 85

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THE HONGKONG GOVERNMENT GAZETTE, DECEMBER 15, 1911.

Saving of pending pro- ceedings for winding up. 8 Edw. 7 c. 69 s. 287.

Saving of deeds.

/h. s. 288.

Former re- gistration offices, regis- ters, official receivers, &c. continued. Zb. s. 289.

Saving for existing rules of procedure

&c.

7b. s. 290.

Substitution

of this Or-

or as altered in pursuance of section one hundred and nineteen of that Ordinance) so far as the same applies to any company existing at the commencement of this Ordinance; nor

(e) The rights which have been acquired by any foreign corporation under the Foreign Corpora- tions Land Ordinance, 1908.

263. The provisions of this Ordinance with respect to winding up shall not apply to any company of which the winding up has commenced before the commencement of this Ordinance, but every such company shall be wound up in the same manner and with the same incidents as if this Ordinance had not passed, and, for the purposes of the winding up, the Ordinance or Ordinances under which the winding up commenced shall be deemed to remain in full force.

264. Every conveyance, mortgage, or other deed, made before the commencement of this Ordinance in pursuance of any enactment hereby repealed, shall be of the same force as if this Ordinauce had not passed, and for the purposes of that deed the repealed enactment shall be deemed to remain in full force.

265.—(1) The office existing at the commencement of this Ordinance for registration of companies shall be con- tinned as if it had been established under this Ordinance.

(2) Registers of companies kept in such existing office shall respectively be deemed part of the registers of com- panies to be kept under this Ordinance.

(3) The existing registrar of companies shall during the pleasure of the Governor hold the office hitherto held by him but subject to any regulations of the Governor with regard to the execution of his duties.

266. Until revoked and except as varied under the powers of this Ordinance, the general rules and orders, and scales of fees, under the Companies Ordinances, in force at the commencement of this Ordinance with respect to the procedure for reduction of capital, and to winding up companies, and the practice and procedure for winding up companies in force at the commencement of this Ordinance, shall so far as they are not inconsistent with this Ordinance, contiune in force.

267. Where any enactment repealed by this Ordinance of provisions is mentioned or referred to in any doenment, that document shall be read as if the corresponding provision (if any) of this Ordinance were therein mentioned or referred to and substituted for the repealed enactment.

dinance for

provisions of repealed Or- dinances. Ib. s. 291.

Saving for

Insurance

268. Nothing in this Ordinance shall affect the pro- Life and Fire Visions of the Life Insurance Companies Ordinances, 1907 and 1909, the Fire Insurance Companies Ordinance, 1908, or the Fire Insurance Amendment Ordinauce, 1908, except that references in those Ordinances to any provision of the Companies Ordinance, 1865, shall be read as re- ferences to the corresponding provision of this Ordinance.

Companies Ordinances.

Commence- ment of Or- dinance. Ib. s. 296.

269. This Ordinance shall come into operation on the 1st day of January, 1912.

Passed the Legislative Council of Hongkong, this 7th day of December, 1911.

R. H. CROFTON,

Clerk of Councils.

Assented to by His Excellency the Governor, the 8th day of December, 1911.

C. CLEMENTI,

Colonial Secretary.

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