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reporting as to the terms of the composition or arrangement, which the
Court will approve or reject according to the circumstances.

1545. Default in Payment of Instalments.

Default in payment of instalments, in composition or scheme, renders
the debtor liable to be adjudged bankrupt on application by any
creditor to the Court.

1546. Adjudication of Bankruptcy when a Composition is not Accepted.

If after a receiving order has been made the creditors resolve that
the debtor be adjudged bankrupt, or pass no resolution, or do not
meet, or if a composition or scheme is not accepted and approved
within fourteen days after the debtor's public examination, the Court
will adjudge the debtor bankrupt, and his property shall become
divisible among his creditors, and shall vest in a Trustee. Notice of
such adjudication must be advertised in the _London Gazette_ and
locally.

1547. Appointment of Trustee.

The creditors of a bankrupt may, by resolution, appoint a Trustee of
the debtor's property. If this has not been done prior to
adjudication, the Official Receiver shall call a creditors' meeting
for that purpose. The creditors may resolve to leave the appointment
to the committee of inspection. The person appointed shall give
security to the Board of Trade, which shall, if it sees fit, certify
the appointment. If no Trustee is appointed by the creditors, the
Board may appoint one.

1548. Committee of Inspection.

A committee of inspection must not exceed five, nor be less than
three, in number, and must be creditors qualified to vote, or their
authorised representatives.

1549. Bankrupt's Responsibilities.

The bankrupt must render every assistance to creditors in realizing
his property. He must produce a clear statement of his affairs at the
first meeting. He must be present for public examination on the day
named by the Court and the adjournment thereof. He must also furnish a
list of debts due to or from him. He must attend all meetings of
creditors, and wait on the Trustee when required to answer any
questions regarding his property, and to execute all documents and to
carry out anything that may be ordered by the Trustee or the Court.

1550. Trustee's Duties (1).

The trustee's duties are to manage the estate and distribute the
proceeds, under regulation of the committee of inspection, or of
resolutions arrived a