SUITORS' FUNDS ORDINANCE, 1896

SUITORS' FUNDS ORDINANCE, 1896

NO. 5 of 1896.
To arnend the law as to the Moneys of Suitors paid into the
Supreme Court.
1. The Suitors' Funds Ordinance, 1896.
[18th April, 1896.]

2.-(1) Subject to roles to be made wider this Ordinance,
all moneys paid into the Superme Court shall, unless required 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 Re-
gistrar of the Court on deposit with the Treasurer.
(2) Such moneys shall, subject to such rules, bear interest at the
rate of 2 per centum per annurn to be paid by the Government,
which shall be liable for the moneys so placed on deposit and for
the interest.

3. The Treasurer shall, on the requislition 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 thereon.
4. The Chief Justice may, with the concurrence of the Governor,
make rules for carrying this Ordinance linto 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, payinent, delivery, or

As witended bs, No. 50 of 1011, No. 1 of 1912, No. 2 of 11J12 arid
No. 21 of I1j12.
As amended by No. 50 of I1j11 and No. 1 of 1912.
transfer, and the investment of and other dealings with money,
securities, and movable property in Court, and the execution of the
orders ef 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 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 is to be credited to an account to which money placed
on deposit, belongs
(3) determining the the at which money placed on deposit is
to begin 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 etanding in the name of
the Treasurer is or are to be placed on deposit.
Short title. Moneys paid into Court to be placed on deposit with Treasurer. Paying out money to Registrar as required. Making of rules.

Short title. Moneys paid into Court to be placed on deposit with Treasurer. Paying out money to Registrar as required. Making of rules.

https://oelawhk.lib.hku.hk/items/show/883

1912

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No. 5 of 1896

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