SUITORS' FUNDS ORDINANCE, 1896

SUITORS' FUNDS ORDINANCE, 1896

ORDINANCE No. 5 OF 1896.

Suitors' Funds

AN ORDINANCE to amend the Law as to the Moneys of
Suitors paid into the Supreme Court.
[18th April,1896.]
WHEREAS it is expedient to make provision whereby the moneys
of suitors paid into Court shall bear interest:
BE it therefore enacted by the Governor of Hongkong,with the advice
and consent of the Legislative Council thereof, as follows:-
1.This Ordinance may be cited as the Suitors' Funds Ordinance,1896.
2.-(1.)Subject to any rules to be made under this Ordinance,all
moneys paid into the Supreme Court shall,unless required by any
written law to be dealt with in any particular way or unless authorized
or required by any order of Court to be laid out in any particular invest-
ment,be placed,by direction of the Registrar of the Court, on deposit
with the Colonial Treasurer. (2.)Such moneys so placed on deposit shall,subject to such rules,
bear interest at the rate of two per centum per annum.
(3.)Such interest shall be paid by the Government of the Colony,
which shall be liable to make good as well such interest as the moneys
so placed on deposit.
3.The Colonial Treasurer shall from time to time,on the requisition
of the Registrar of the Supreme Court,pay out of the moneys belonging
to the Government of the Colony for the time 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,
from time to time make,alter,and rescind 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,pay-
ment,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 Colonial
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 commencement of this
Ordinance,and the payment or crediting of interest on money
placed on deposit;
(2.)determining the smallest amount of money on deposit on which
interest in pursuance of this Ordinance 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
begin and 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 Colonial Treasurer is or are to be placed on deposit.
A.D. 1896. Ordinance No. 8 of 1896. Short title. Placing on deposit at interest with Colonial Treasurer of moneys paid into Court. Paying out of moneys to Registrar as required. Making of rules.

A.D. 1896. Ordinance No. 8 of 1896. Short title. Placing on deposit at interest with Colonial Treasurer of moneys paid into Court. Paying out of moneys to Registrar as required. Making of rules.

https://oelawhk.lib.hku.hk/items/show/692

1901

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No. 5 of 1896

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