The Archive · 1920

A Question of Debentures

Interesting Application

An interesting point in company law was discussed in H.M. Supreme Court on Monday before His Honour Judge Skinner Turner. Under the Companies' Ordinance (Hongkong) 1911, section 95, motion was entered by the Sungala Rubber Estate, Ld., in the following terms:

That the time for delivering to the Registrar of Companies for registration, the particulars ox the series, of debentures created on Octoler 16, 1912, for securing the sum of Tls. 35,000 (of which Tls. 10,000 have now been redeemed) which are required to be delivered for re tion by section 95 of the Companies' Ordinance (Hongkong) 1911, may be extended for 14 days from the date of the order to be made hereon, on the ground that the omission to deliver such pa culars for registration within the time required by the said section was accidental and inadvertent, Mr. Reader Harriss appeared on behalf of the Company, and Mr. H. P. Wilkinson, Crown Advocate. represented the Registrar.

Mr. Reader Harris said the application was made because the Registrar had required the com-

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