PART VIII
OFFICIAL TRUSTEE AND JUDICIAL TRUSTEE
Explanatory
:
60. The Official Trustee's functions and duties are laid down in Part VII of the Trustee Ordinance (Cap. 29) and the Administration of Trust Fund Rules made under Section 76 of that Ordinance. The Judicial Trustee Rules, 1953, made under Section 64 of the Trustee Ordinance, provide that where an official of the Court is appointed Judicial Trustee, the Registrar General shall be so appointed unless for special reasons the Court directs that some other official of the Court be appointed.
Number of Trusts
61. The number of trust estates administered by the Official Trustee remained unchanged at twelve. The Registrar General also continued to act as Judicial Trustee of the estate of Wong Yuk Shu deceased.
Trust Funds
62. Table XVIII sets out the receipts and payments for the year, and the assets and liabilities as at 31st March, 1959. The Official Trustee's commission charged during the year amounted to $370.62, this including some arrears. At the close of the year the total funds administered amounted to $177,577.52.
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