1901_BANKRUPTCY_ORDINANCE__1891 — Page 7

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Advertise- ment of receiving order.

No. 7.] THE ORDINANCES OF HONGKONG: [A.D. 1891.

(3.) The special manager or interim receiver shall receive such remuneration and give such security as the Court may order.

13. Notice of every receiving order, stating the name, address, and description of the debtor, the date of the order, and the date of the petition, shall be gazetted and advertised in at least one local newspaper by the Official Receiver.

46 & 47 Vict. c. 52 s. 13.

Duties of Official receiver, ·Ib. s. 70. · Ib.'s. 69.

14.-(1.) As regards the estate of the debtor it shall be the duty of the Official Receiver-

(a.) to act as interim receiver of the debtor's estate pending the appointment of a Trustee, and, where a special manager has not been appointed, to act as manager thereof;

(b.) to raise money for the purposes of the estate in any case where, in the interests of creditors, it appears necessary to do so;

(c.) to take possession of all the books, documents, and papers of the debtor and of all or any part of the property of the debtor;

(d.) to summon and preside at the first meeting of creditors;

(e.) to issue forms of proxy for use at the meetings of creditors;

(f.) to report to the creditors as to any proposal which the debtor may have made with respect to the mode of liquidating his affairs;

(g.) to advertise the receiving order and the date of the creditors' first meeting and of the debtor's public examination and such other matters as it may be necessary to advertise;

(h.) to act as Trustee during any vacancy in the Office of Trustee;

(i.) to assist the debtor in preparing his statement of affairs, in case the debtor has no solicitor acting for him and is unable properly to prepare it himself.

(2.) As regards the debtor it shall be the duty of the Official Receiver-

(a.) to investigate the conduct of the debtor and to report to the Court stating whether there is reason to believe that the debtor has committed any act which constitutes an offence under this Ordinance or which would justify the Court in refusing, suspending, or qualifying an order for his discharge;

(b.) to conduct the public examination of the debtor; and

(c.) to assist in the prosecution of any fraudulent debtor.

(3.) The Official Receiver shall, on the appointment of a Trustee other than himself, account to the Court for all his dealings with the estate, and, on passing such accounts, shall be entitled to be paid out of the estate such fee as the Court may order.