508
Expenses payable out of sinking fund.
--- --- --- ---
No. 6.] THE ORDINANCES OF HONGKONG: [A.D. 1886.
12. All expenses of or incidental to the management of the sinking fund, or the repayment of the principal moneys to be borrowed under this Ordinance, shall be paid out of the sinking fund.
ORDINANCE No. 7 OF 1886.
A.D. 1886. AN ORDINANCE to consolidate and amend the Law for preventing Frauds upon Creditors by Secret Bills of Sale of Personal Chattels.
Bills of Sale Ordinance No. 12 of 1886.
Short title.
Interpretation of terms. 41 & 42 Vict. c. 31 s. 4. 45 & 46 Vict. c. 143 s. 3. 41 & 42 Vict. c. 31 s. 4.
BE it enacted by the Governor of Hongkong, with the advice of the Legislative Council thereof, as follows:-
1. This Ordinance may be cited as the Bills of Sale Ordinance, 1886.
2. In this Ordinance, unless the context otherwise requires,-
The expression "Bill of Sale" includes bills of sale, assignments, transfers, declarations of trust without transfer, inventories of goods with receipt thereto attached, or receipts for purchase moneys of goods, and other assurances of personal chattels, and also powers of attorney, authorities, or licences to take possession of personal chattels as security for any debt, and also any agreement, whether intended or not to be followed by the execution of any other instrument, by which a right in equity to any personal chattels, or to any charge or security thereon, is conferred, but does not include the following documents; that is to say, assignments for the benefit of the creditors of the person making or giving the same, marriage settlements, transfers or assignments of any ship or vessel or any share thereof, transfers of goods in the ordinary course of business of any trade or calling, bills of sale of goods in foreign parts or at sea, bills of lading, India warrants, warehouse-keepers' certificates, warrants or orders for the delivery of goods, or any other documents used in the ordinary course of business as proof of the possession or control of goods, or authorizing or purporting to authorize, either by indorsement or by delivery, the possessor of such document to transfer or receive goods thereby represented: Provided always that in the construction of sections 8, 10 (1), 12 to 19, both inclusive, and 23 the said expression does not include bills of sale or other instruments hereinbefore mentioned which may be given otherwise than by way of security for the payment of money:
The expression "Personal Chattels" means goods, furniture, and other articles capable of complete transfer by delivery, and (when
508
Expenses payable out of sinking fund.
--- --- ɔ -
No. 6.] THE ORDINANCES OF HONGKONG: [A.D. 1886.
12. All expenses of or incidental to the management of the sinking fund, or the repayment of the principal moneys to be borrowed under this Ordinance, shall be paid out of the sinking fund.
ORDINANCE No. 7 OF 1886.
A.D. 1886. AN ORDINANCE to consolidate and amend the Law for prevent- Ordinance ing Frauds проп Creditors by Secret Bills of Sale of Personal No. 12 of 1886. Chattels.
Bills of
Sale Ach 1878. 1852
Short title.
Interpreta- tion of terms, 41 & 42 Vict. c. 31 s. 4.
45 & 46 Vict. c. 143 s. 3.
41 & 12 Vict. c. 31 s. 4.
BE
[12th July, 1886.]
E it enacted by the Governor of Hongkong, with the advice of the.
Legislative Council thereof, as follows:-
1. This Ordinance may be cited as the Bills of Sale Ordinance, 1886. 2. In this Ordinance, unless the context otherwise requires,-
The expression Bill of Sale" includes bills of sale, assignments. transfers, declarations of trust without transfer, inventories of goods with receipt thereto attached, or receipts for purchase moneys of goods, and other assurances of personal chattels, and also powers of attorney, authorities, or licences to take possession of personal chattels as security for any debt, and also any agreement, whether intended or not to be followed by the execution of any other instrument, by which a right in equity to any personal chattels, or to any charge or security thereon, is conferred, but does not include the following documents; that is to say, assignments for the benefit of the creditors of the person making or giving the same, marriage settlements, transfers or assignments of any ship or vessel or any share thereof, transfers of goods in the ordinary course of business of any trade or calling, bills of sale of goods in foreign parts or at sea, bills of lading, India warrants, warehouse- keepers' certificates, warrants or orders for the delivery of goods. or any other documents used in the ordinary course of business as proof of the possession or control of goods, or authorizing or purporting to authorize, either by indorsement or by delivery, the possessor of such document to transfer or receive goods thereby represented: Provided always that in the construction of sections 8, 10 (1), 12 to 19, both inclusive, and 23 the said expression does not include bills of sale or other instruments hereinbefore mentioned which may be given otherwise than by way of security for the payment of money:
The expression Personal Chattels" means goods, furniture, and other articles capable of complete transfer by delivery, and (when
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