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THE HONGKONG GOVERNMENT GAZETTE, FEBRUARY 14, 1913.
Votes of secured creditors.
Creditor required to give up security.
Admission
Receiving Order in Bankruptcy has not been made, as a security in his hands, and to estimate the value thereof. and for the purposes of voting, but not for the purposes of dividend, to deduct it from his proof.
123. For the purpose of voting, a secured creditor shall, unless he surrenders his security, state in his proof the particulars of his security, the date when it was given, and the value at which he assesses it, and shall be entitled to vote only in respect of the balance (if any) due 10 him after deducting the value of, his security. If he votes in respect of his whole debt he shall be deemed to have sur- rendered his security, unless the Court on application is satisfied that the omission to value the security has arisen from inadvertence.
124. The Official Reeciver or Liquidater may within twenty-eight days after a proof estimating the value of a security as aforesaid has been used in voting at a meeting require the creditor to give up the security for the benefit of the creditors generally op payment of the value so estimate with an addition thereto of twenty par cept. Provided that where a creditor has valued his security he may at any time before being required to give it up correct the valuation by a new proof and deduct the new value from his debt, hat in that case the said addition of twenty per cent, shall not be made if the security is required to be given up.
125. The Chairman shall have power to admit or reject and rejection a proof for the purpose of voting, but his decision shall be of proofs for subject to appeal to the Court. If he is in doubt whether purpose of
a proof should be admitted or rejected he shall murk it as voting.
objected to and allow the creditor to vole subject to the vote being declared invalid in the event of the objection being sustained.
Minutes of mecting.
Proxies.
Form of proxies. Forms 80 and 81.
Forms of
proxy to be sent with
notices.
General proxies to managers or clerks.
Special proxies.
126. The Chairman shall cause Minutes of the pro- ceedings at the meeting to be drawn up and fairly entered in a book kept for that purpose and the Mine es shall be signed by him or by the Chairman of the next ensuing mecting.
PROXIES IN RELATION TO A WINDING-UP BY THE COURT.
127. A creditor or a contributory may vote either in persou or by proxy. The succeeding rules as to proxies shall not (unless otherwise directed by the Court) apply to a Court meeting of creditors or contributories prior to the first meeting.
123. Every instrument of proxy shall be in accordance with the form in the Appendix and every written part thereof shall be in the handwriting of the person giving the proxy or of any manager or clerk or other person in his regular employment or of a Commissiouer to administer oaths in the Supreme Court.
129. General and special forms of proxy shall be sen- to the creditors and contributories with the notice summont ing the meeting, aud neither the name nor description of the Official Receiver or Liquidator or any other person shall be printed or inserted in the bedy of any instrument of proxy before it is so sent.
180. A creditor or a contributory may give a general proxy to his manager or clerk or any other person in his regular employment. In any such case the instrument of proxy shall state the relation in which the person to act thereunder stands to the creditor or contributory.
131. A creditor or a contributory may give a special proxy to any person to vote at any specified meeting or adjournment thereof :-
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(a.) for or against the appointment or continuance in office of any specified person as Liquidator or Member of the Committee of Inspection, and (6.) on all questions relating to any matter other than those above referred to and arising at the meeting or an adjournment thereof.
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