Dissatis fied persons may appeal to general liquidators against ion of liquidators and to a competent court against a decision of the general \uidators upon giving adequate security for eventual costs, he manner in which creditors' jelaims may be presented and ad-Judicated upon is set out in detail a series of articles, the application of which is subject to the general rules of the law.governing Jcontracts and other obligations, The regulations provide th tides in safe custody shall be returned by the liquidator to the depositors on payment of the charges and on due receipts being delivered the depositors. 5 Bills, drafts and similar instraments received by the bank after September 25, 1926, for collection on account of third parties shall be collected and the proceeds forward= ed-to the person on whose account the instrument is collected. How-fever, if such person is found to be a debtor of the bank the amount due shall be deducted in satisfaction of the debt and the balance only forwarded, The accounts of the Ministry of Finance, the Maritime Customs and the Salt Administration and other Government departments or organs with the bank shall be settled after consultation between them and the general liquidators, Section VII, dealing with realization of assets and payment of ereditors, provides that as soon as the general liquidators find sufficient fonds available they shall order a uniform percentage to be paid to all creditors whose claims shall have been admitted as valid, Preferred Creditors Rights The said percentage may be paid first to creditors whose total credit against the bank does not exceed five thousand dollars;. subsequent percentages to be paid by order of the general liquidators until the creditors are paid in full, In case the assets are insufficient to meet all the liabilities the general liquidators shall report the matter to the Ministry of Finance /with such recommendations as they deem necessary.
Preferred creditors having a valid nor other right over particular property if the bank shall be paid from the proceeds of such property according to the law in preference to other creditor If a valid creditor does not apply for payment within three months of date of publication of decision of the general liquidators ordering Payment of the final percentage his right and claim shall be extinguish led by prescription, It after meeting the liabilities of the bank in China there ig a surplus eft the general liquidators shall report the matter to the Ministry of Finance with such reeommendations ax they deem necessary.
In order to satisfy uniformly the liabilities and to defray the current expenses of the several branches funds or other assets may be transferred from any branch to another by order of the general liquidators, AIL expenses in connexion with the liquidation shall constitute the first charge to be paid from the bank's assets,
Text read from the printed page and cleaned; old type leaves the occasional error.