CAP. 6]
Bankruptcy.
[r. 123 cont.] been commenced within the time specified in this rule the trustee shall exclude all proofs which have been rejected from participation in the dividend.
Production of bills, notes, etc. R269. (Cap. 19).
Dividend may be sent by post. R270.
Payment of dividends to a nominee, R271.
Form of register. Form 117. (Cap. 6).
(3) Immediately after the expiration of the time fixed by this rule for appealing against the decision of the trustee, he shall proceed to declare a dividend and gazette the same and shall also send a notice of dividend to each creditor whose proof has been admitted.
(4) If it becomes necessary, in the opinion of the trustee and the committee of inspection, to postpone the declaration of the dividend beyond the prescribed limit of four months, the trustee shall gazette a fresh notice of his intention to declare a dividend; but it shall not be necessary for such trustee to give a fresh notice to such of the creditors mentioned in the bankrupt's statement of affairs as have not proved their debts. In all other respects the same procedure shall follow the fresh notice as would have followed the original notice.
124. Subject to the provisions of section 70 of the Bills of Exchange Ordinance, and subject to the power of the court in any other case on special grounds to order production to be dispensed with, every bill of exchange, promissory note or other negotiable instrument or security upon which proof has been made shall be exhibited to the trustee before payment of dividend thereon, and the amount of dividend paid shall be indorsed on the instrument.
125. The amount of the dividend may at the request and risk of the creditor be transmitted to him by post.
126. If a person to whom dividends are payable desires that they shall be paid to some other person he may lodge with the trustee a request to that effect which shall be a sufficient authority for payment of the dividend to the person therein named.
Registration of general assignments of book debts.
127. (1) The Registrar shall keep a register for the purpose of section 48 of the Ordinance, and shall on request and on the filing of a duly attested copy of an assignment
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CAP. 6]
Bankruptcy.
[r. 123 cont.] been commenced within the time specified in this rule the trustee shall exclude all proofs which have been rejected from participation in the dividend.
Production
of bills, notes, etc.
R269.
(Cap. 19).
Dividend
may be sent by post.
R270.
Payment of
dividends to a nominee,
R271.
Form of register.
Form 117.
(Cap. 6).
(3) Immediately after the expiration of the time fixed by this rule for appealing against the decision of the trustee, he shall proceed to declare a dividend and gazette the same and shall also send a notice of dividend to each creditor whose proof has been admitted.
(4) If it becomes necessary, in the opinion of the trustee and the committee of inspection, to postpone the declaration of the dividend beyond the prescribed limit of four months, the trustee shall gazette a fresh notice of his intention to declare a dividend; but it shall not be neces- sary for such trustee to give a fresh notice to such of the creditors mentioned in the bankrupt's statement of affairs as have not proved their debts. In all other respects the same procedure shall follow the fresh notice as would have followed the original notice.
124. Subject to the provisions of section 70 of the Bills. of Exchange Ordinance, and subject to the power of the court in any other case on special grounds to order produc- tion to be dispensed with, every bill of exchange, promis- sory note or other negotiable instrument or security upon which proof has been made shall be exhibited to the trustee before payment of dividend thereon, and the amount of dividend paid shall be indorsed on the instrument.
125. The amount of the dividend may at the request and risk of the creditor be transmitted to him by post.
126. If a person to whom dividends are payable desires that they shall be paid to some other person he may lodge with the trustee a request to that effect which shall be a sufficient authority for payment of the dividend to the person therein named.
Registration of general assignments of book debts.
127. (1) The Registrar shall keep a register for the purpose of section 48 of the Ordinance, and shall on request and on the filing of a duly attested copy of an assignment
390
Page 30Page 31
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