Singapore legislation
Clause 17
Clause 17
Repeal and re-enactment of section 76
Section 76 of the Ordinance is hereby repealed and the following substituted therefor: —“Profit and loss on the sale of securities
76. Any profits on the sale of any of the securities placed to the credit of the Bankruptcy Estates Account shall be credited to the Consolidated Fund and the Consolidated Fund shall be liable to make good any loss arising out of the sale of such securities.”.