23051-1911-Supplementary-Bill-re-published--Chinese-Partnerships — Page 4

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(b.) A partner shall not be entitle I to dissolve a regis-

tered partnership by notice.

7. Subject to the provisions of this Ordinance, the Law as to Partnership Ordinance, 1897, and the rules of equity and private of common law applicable to partnerships, except so far partnership

to apply as they are inconsistent with the express provisions of the where not last mentioned Ordinance, shall apply to partnerships and inconsistent partners registered under this Ordinance.

8. The registration of a partnership under this Or- dinance shall be effected by delivering to the Registrar of Companies a statement signed by such of the partners and hung ku shareholders as desire to be registered under this Ordinance containing the following particulars :—

(.) The partnership name;

(b.) The general nature of the business ;

(c.) The principal place of business ;

(d.) The full name and address of each of the part- ners and hung kú shareholders who desires to be registered under this Ordinance ;

(e.) The term, if any, for which the partnership is entered into, and the date of its commence-

ment ;

(f) The total capital of the partnership and the amount of such capital which has been paid up ; (4) The sum contributed by each partner who desires to be registered under this Ordinanec, and whether paid in cash or how otherwise : (4.) The proportion which the interest in the part- nership of each partner who desires to be re- gistered under this Ordinance bears to the in- terests of all the partners, whether registered or unregistered, in the partnership;

(7.) The interest in the firm of any hung kú share- holder who desires to be registered as such under this Ordinance.

with this Ordinance.

Manner and articulars of registra- tion.

9.-(1.) If during the continuance of a registered Registration partnership any change is made or occurs, whether by of changes in renson of the death of a registered or unregistered partner partnerships. or otherwise howsoever, in :-

(a.) the firm name,

(b.) the general nature of the business,

(c.) the principal place of business,

(d.) the registered partners or the name of any re-

gistered partner,

(c.) the term or character of the partnership, (f.) the sum contributed by any registered partner, (g.), the proportion which the interest in the partner- ship of any registered partner bears to the in- terests of all the partners, whether registere i or unregistered, in the partnership,

a statement, chopped with the chop of the partnership and signed by the manager or in his absence by one or more of the registered partners, specifying the nature of the change shall within fourteen days be delivered to the Registrar of Companies.

(2.) If default is made in compliance with the require- ments of this section such manager and all the registered partners who cannot prove that they were ignorant of the change shall, on summary conviction before a Magistrate. be liable to a fine not exceeding ten dollars for each day Provided that no during which the default continues.

person shall be liable to pay a fine exceeding a total sum of five hundred dollars.

on contri-

10. The statement of the amount contributed by a re- Ad valorem gistored partner, and a statement of any increase in that stamp duty amount, sent to the Registrar for registration under this butions Ordinance, shall be charged with an ad valorem stamp duty by registered of $1 for every $500 or portion of every $500 up to partners. $10,000, and $1 for every $1,000 or portion of $1,000 on the next $15,000 and 50 cents for every $1,000 or portion of $1,000 on

sums above $25,000 of the amount so con- Fributed, or of the increase of that amount, as the case may

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