SUITOR' FUNDS ORDINANCE, 1896

SUITOR' FUNDS ORDINANCE, 1896

No. 5 of 1896

An ordinance to amend the law as to the moneys of suitors
paid into the supreme court.

[18th April, 1896.]

1. this ordinance may be cited as the suitors' funds
ordinance, 1896.

2.(1) subject to rules to be made under this ordinance,
all moneys paid into the supreme court shall, unless re-
quired by any enactment to be dealt with in any particular
way, or unless directed by any order of court to be invested,
be placed by the registrar of the court on deposit with the
treasurer.

(2) such moneys shall, subject to such rules, bear interest
at the rate of two per cent. per annum to be paid by the
Government, which shall be liable for the moneys so placed
on deposit and for the interest.

3. the tresurer shall, on the requisition of the registrar,
pay out of the moneys belonging to the government in his
hands such sums as may be required to meet the orders of
the court with regard to the moneys so placed on deposit
and the interest thereon.

4. the chief justice may, with the concurrence of the
governor, make rules for carrying this ordinance into effect
and regulating the deposit, payment, delivery, and transfer
in, into, and out of the supreme court of money, securities,
and movable property of suitors and the evidence of such
deposit, payment, delivery, or transfer, and the investment
of and other dealings with money, securities, and movable
property in court, and the execution of the orders of the court,
and the powers and duties of the treasurer with reference
to such money, securities, and property, and, in particular, for
doing all or any of the following things:-

(1) regulating the placing on and withdrawal from deposit
of money in court, whether paid in before or after the com-
mencement of this ordinance, and the payment of crediting
of interest on money placed on deposit;

As amended by law rev. ord. 1923

(2) determining the smallest amount of money on deposit
on which interest is to be credited to an account to which
money placed on deposit belongs;

(3) determining the time at which money placed on deposit
is to beging and to cease to bear interest and the mode of
computing such interest; and

(4) determining the cases in which interest on money
placed on deposit and the dividends on any securities standing
in the name of the treasurer is or ate to be placed on deposit.
[Originally No. 8 of 1896. Law Rev. Ord., 1924.] Short title. Moneys paid into court to be placed on deposit with Treasurer. Paying out of moneys to Registrar as required. Making of rules.

[Originally No. 8 of 1896. Law Rev. Ord., 1924.] Short title. Moneys paid into court to be placed on deposit with Treasurer. Paying out of moneys to Registrar as required. Making of rules.

https://oelawhk.lib.hku.hk/items/show/1166

1923

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No. 5 of 1896

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