310
THE HONGKONG GOVERNMENT GAZETTE, 31ST OCTOBER, 1863.
Proof for premiums
rance.
any
CXXII. If any Bankrupt shall at the time of adjudication be liable by reason of upon policies of Insu- contract or promise to pay premiums upon any policy of insurance, or any other sums of money, whether yearly or otherwise, or to repay to or indemnify any person against such payments, the person entitled to the benefit of such contract or promise may, if he think fit, apply to the Court to set a value upon his interest under such contract or promise, and the Court is hereby required to ascertain the value thereof, and to admit such person to prove the amount so ascertained, and to receive dividends thereon.
Payments of assess- ed Taxes.
One year's local rates may be paid in full.
Three months wages or salary to be paid to Clerks or Servants.
Five pounds wages
or workman.
any
CXXIII. The Court, out of the estate and effects of the Bankrupt, shall order
pay- ment of all Duties of Assessed Taxes assessed on the Bankrupt at the time of his Bank- ruptcy up to the Fifth Day of April next after the same shall have happened (such payment not exceeding in the whol one year's assessment,) and the Bankrupt shall not be liabe to be assessed to such duties, after the said Fifth Day of April in respect of any article kept and used for the purposes of trade at or before the time of the Bankruptcy, which article shall have been seized and surrendered and bona fide sold under the Bankruptcy, and not kept or used by the Bankrupt after the said Fifth Day of April.
CXXIV. The Court, out of the estate and effects of the Bankrupt, shall order payment of all such rates as may be due from him at the time of his being adjudicated a Bankrupt provided such rates have become due during the Twelve months immediately preceding the Bankruptcy.
CXXV. When any Bankrupt shall have been indebted, at the time of filing the Petition for Adjudication, to any Servant or Clerk of such Bankrupt, in respect of the wages or salary of such Servant or Clerk, so much as shall be so due, not exceeding Three months wages or salary, and not exceeding Thirty pounds, may be paid to such Şervant or Clerk out of the estate of such Bankrupt: and such Servant or Clerk
may prove for any sum exceeding such amount.
CXXVI. When any Bankrupt shall have been indebted at the time of filing the to be paid to labourer Petition for Adjudication, to any labourer or workman of such Bankrupt, in respect of the wages or labour of such labourer or workman, so much as shall be so due, not exceeding Five pounds may be paid to such labourer or workman out of the estate of such Bankrupt; and such labourer or workman may prove for any sum exceeding. such amount.
Apprentices
to
CXXVII. Where any person shall have been an apprentice to a Bankrupt at the Bankrupts discharged time of the filing of the Petition for Adjudication, the filing of such Petition shall, unless
from their indentures. all necessary parties shall consent in writing that the indenture shall remain in force, be
fees,
and enure as a complete discharge of the indenture whereby such apprentice was bound; Court may order any and if any sum shall have been really and bonâ fide paid, by, or on behalf of such sum to be paid in re apprentice to the Bankrupt, as an apprentice fee, the Court may upon proof thereof, order any sum to be paid out of the Estate of the said Bankrupt to, or for the use of such Apprentice, which the Court shall think reasonable, regard being had, in estimating such sum, to the amount of the sum so paid by or on behalf of such Apprentice, and to the time during which such Apprentice shall have resided with the Bankrupt previous to the filing of such Petition.
notwithstanding prior act of Bankruptcy.
Mutual debts and CXXVIII. Where there has been mutual credit given by the Bankrupt and any eredits may be set off other person, or where there are mutual debts between the Bankrupt and
other any person, the Court shall state the account between them, and one debt or demand may be set against another, notwithstanding any prior act of Bankruptcy committed by such Bankrupt, before the credit given to, or the debt. contracted by him; and what shall appear due on either side on the balance of such account, and no more shall be claimed or paid on either side respectively; and every debt or demand hereby made provable against the estate of the Bankrupt, may also be set off in manner aforesaid against such estate, provided the person claiming the benefit of such set-off, had not when such credit was given, notice of an act of Bankruptcy by such Bankrupt committed.
Deeds not payable
Bankruptcy may be
bate of interest.
CXXIX. Any person who shall have given credit to the Bankrupt upon valuable at the time of the consideration for any money or other matter or thing whatsoever which shall not have proved, deducting re- become payable when such Bankrupt committed an act of Bankruptcy and whether such credit shall have been given upon any Bill, Bond, Note, or other negotiable security, or not, shall be entitled to prove such Debt, Bill, Bond, Note, or other security as if the same was payable presently, and receive dividends equally with the other creditors, deducting only thereout a rebate of interest for what he shall so receive at the rate of Five pounds per centum per annum, to be computed from the declaration of a dividend
•
No comments yet.
Private notes are available after approval.