1890_COMPANIES_ORDINANCE__1865 — Page 22

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Power for companies to refer matters to arbitration.

Provisions of the Imperial Act 22 and 23 Vict. e. 59, to apply.

Meaning of contributo y.

ORDINANCE No. 1 OF 1865.

Companies, &c. (Part IV. Winding-up.)

to time make such alterations in the tables and forms contained in the first schedule hereto, and in the forms in the second schedule, or make such additions to the last-mentioned forms, as he deems requisite; Any such table or form, when altered, shall be published in the Hongkong Government Gazette, and upon such publication being made such table or form shall have the same force as if it were included in the schedule to this Ordinance, but no alteration made by His Excellency the Gov- ernor in the table marked A contained in the first schedule shall affect any company registered prior to the date of such alteration, or repeal, as respects such company, any portion of such table.

Arbitrations.

1. (70.) Any company under this Ordinance may from time to time, by writing under its common seal, agree to refer and may refer to arbitration, in accordance with the provisions of " The Railway Companies Arbitration Act, 1859," (Imperial) any existing or future difference, question, or other matter whatsoever in dispute between itself and any other company or person, and the companies parties to the arbitration may delegate to the person or persons to whom the reference is made. power to settle any terms or to determine any matter capable of being lawfully settled or determined by the companies themselves, or by the. directors or other managing body of such companies. For the purposes of the application of the said Act to this Ordinance the words "Board of Trade" therein occurring shall be read as meaning His Excellency the Governor and the words "Any of Her Majesty's Superior Courts of Record at Westminster or as the case may be at Dublin" shall be read as mean- ing the Supreme Court.

72. (71.) All the provisions of "The Railway Companies Arbitra- tion Act, 1859," (Imperial) shall be deemed to apply to arbitrations between companies and persons in pursuance of this Ordinance; and in the construction of such provisions "the Companies" shall be deemed to include companies authorized by this Ordinance to refer disputes to arbi-

tration.

PART V. (IV.)

WINDING-UP OF COMPANIES AND ASSOCIATIONS UNDER

THIS ORDINANCE. Preliminary.

73. (72.) The term "Contributory" shall mean every person liable to contribute to the assets of a company under this Ordinance, in the