AS Z
THE HONGKONG GOVERNMENT GAZETTE, MARCH 12, 1909. 145
Mode of fixing Security.
5. Every application to the Court to fix the nature and amount of the security Contents of which the owner ought to place under the control of the Court for the purpose of application the Acts shall be divided into paragraphs, describing-
(i.) The postal service in respect of which the owner is subsidised and the names of the ports or places between which the service is performed, and at which the ships touch in the ordinary course of the service.
(ii) The Government, whether British, colonial, or foreign, from which the owner receives a subsidy in respect of the service.
(iii.) The nationality of the ships engaged in the service.
(iv.) The maximum number of ships proposed to be employed and the number intended to be simultaneously engaged in the service, and the aggregate tonnage of such numbers respectively and the tonnage of the largest ship intended to be employed.
(v.) The amount for which the owner proposes to give his bond, and the nature and amount of the security whereby he proposes such bond to be guaranteed.
(vi.) The documents filed with the application in accordance with the
Acts and these Rules.
to fix
security.
and
6. Together with the application shall be filed the certificate of a Secretary of Certificate State that the owner is subsidised for the execution of the postal service described affidavits. in the application, and also such evidence on affidavit or otherwise as may be necessary in support of the statements made in the application.
Trade of
7. Ten clear days before the day appointed for the hearing of an application Notice to to fix the nature and amount of security, the owner shall serve upon the Board of Board of Trade a notice of the application, accompanying the same with copies of the application application and of the affidavits and documents filed therewith.
to fix
security.
cash or
8. Where an order fixing the nature and amount of security directs that the Fecurity security shall consist partly of cash or Government securities, such cash or securities Consisting of shall be paid and brought into Court, and subject to the Acts and these Rules shall Government be lodged and dealt with in all respects according to the provisions of the Rules securities. for the time being in force relating to funds in Court.
income or
9. Where the security given consists of cash or Government securities the Disposal of Court may make orders for the disposal of any income or dividends accruing dividends thereon, but any such order may be cancelled or varied if it appears to the Court, accruing on having regard to pending claims or other circumstances, that such income or dividends ought to be applied to the enhancement of the security.
security.
security.
10. Where the security given consists partly of cash, the Court may, on the Investment application of the owner, and in accordance with the Rules for the time being in or cash force relating to funds in Court, direct such cash or any part thereof to be invested, and, if necessary, accumulated.
Procedure carrying out Exemption.
11. On the completion of the security in accordance with the order of the Notice of Court, the Admiralty Registrar shall forthwith give information thereof to the exemption. Board of Trade, and thereupon the Board of Trade shall publish a notice, intituled in the matter of the Acts and of the Order in Council whereby the Acts are applied as regards the postal service in respect of which the security has been given, and of the Order in Council (if any) whereby the Acts are applied to any British possession, and reciting so much of the order of the Court as relates to the maximum number and tonnage of the ships to which the security is to apply, and requiring all arresting authorities to take notice that from and after the date therein mentioned (being the day on which the security was completed in accordance with the order of the Court), all the ships of the owner actually engaged in the said postal service are to be deemed exempted mail ships within the meaning of the Acts.
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