of twenty per cent.: Provided that where a creditor has valued his
security he may at any time before being required to give it up correct
the valuation by a new proof and deduct the new value from his debt,
but in that case the said addition of twenty per cent. shall not be made
if the security is required to be given up.

124. The Chairman shall have power to admit or reject a proof for the
purpose of voting, but his decision shall be subject to appeal to the
Court. If he is in doubt whether a proof shall be admitted or rejected
he shall mark it as objected to and allow the creditor to vote subject
to the vote being declared invalid in the event of the objection being
sustained.

125. For the purpose of voting at any voluntary liquidation meetings
a secured creditor shall unless he surrender his security lodge with the
Liquidator or where there is no Liquidator at the registered office of the
company before the mecting a statement giving the particulars of his
security, the date when it was given and the value at which he assesses it.

126. (1) The Chairman shall cause minutes of the proceedings at the
mecting to be drawn up and fairly entered in a book kept for that purpose
and the minutes shall be signed by him or by the Chairman of the next
ensuing meeting.

(2) A list of creditors and contributories present at every meeting
shall be made and kept as in form 68.

Proxtes in relation to a winding up by the Court and to meetings of creditors
tn a creditors’ voluntary winding up.

127. A creditor or a contributory may vote either in person or by
proxy. Where a person is authorised in manner provided by section 114
of the Ordinance to represent a corporation at any meeting of creditors
or contributories such person shall produce to the Official Receiver or
Liquidator or other the Chairman of the meeting a copy of the resolution
so authorising him. Such copy must either be under the seal of the
corporation or must be certified to be a true copy by the secretary or a
director of the corporation. The succeeding rules as to proxies shall not
(unless otherwise directed by the Court) apply to a Court meeting of
creditors or contributories prior to the first meeting.

128. Every instrument of proxy shall be in accordance with the form
in the Appendix and every written part thereof shall be in the handwriting
of the person giving the proxy or of any manager or clerk or other person
in his regular employment or of a Commissioner of Affidavits.

129. General and special forms of proxy shall be sent to the creditors
and contributories with the notice summoning the meeting, and neither
the name nor description of the Official Receiver or Liquidator or any
other person shall be printed or inserted in the body of any instrument
of proxy before it is so sent.

130. A creditor or a contributory may give a general proxy to any
person.

Companies. [Ch. 31. No. 1.

603

Admission
and rejec-
tion of proofs
for purpose
of voting.

Statement
of security,

Minutes of
meeting,

Form 68.

Proxies.

Form of
proxies.

Forms 74
and 75.

Forms of
proxy to be
sent with
notices.

General
proxies.