828
Payment of
into bank to credit of Official Trustee.
10 & 11 Vict, 56 & 57 Vict.
c. 96 s. 1 and
c. 53 s. 42..
Transfer of trust
securities into name of
No. 5.] THE ORDINANCES OF HONGKONG: [A.D. 1901
(2.) The said office shall have perpetual succession, and all land or any interest therein, and all moneys, stocks, and securities and land which may be vested in the Official Trustee under this Part shall be deemed to be vested in the Official Trustee for the time being, without
further transfer or conveyance.
any
4. Trustees, or the majority of trustees, having in their hands or under their control any moneys belonging to any trust, shall be at liberty filing in the Registry of the Court an affidavit shortly describing instrument creating the trust, according to the best of their knowledge and belief, to pay the same, with the privity of the Official Trustee and in accordance with such directions as they may receive for the
purpose from him, into the Court; and the said trust moneys shall be paid through the Colonial Treasury into the bank of the Government on deposit bearing interest, or otherwise, to the account of the Official Trustee (by his official designation) in the matter of the particular trust (describing the same by the names of the parties, as accurately as may be, for the purpose of distinguishing it), in trust to attend the orders of the Courts
5. Trustees, or the majority of trustees, having any securities standing in their names in the books of any public company or corporation established in the Colony, or in the names of any deceased persons of whom they are personal representatives, upon any trust, shall be at 10 & 11 Vict.
liberty, on filing such affidavit as aforesaid, to transfer such securities,
Official
Trustee.
c. 96 s. 1.
Conveyance of land in trust to Official
Trustee. Ib.
Certificate to be given by Official
Trustee. Ib.
Order for payment,
with such privity and in accordance with such directions as aforesaid, into the name of the Official Trustee (by his official designation) or to deposit the same in his name in such bank as aforesaid in the matter of the particular trust (describing the same as aforesaid), in trust to attend the orders of the Court.
6. Trustees, or the majority of trustees, in whom any land within the Colony is or becomes vested upon any trust shall be at liberty, on filing such affidavit as aforesaid, to convey such land, with such privity and in accordance with such directions as aforesaid, to the Official Trustee, in trust to attend the orders of the Court..
7. In
every such case as aforesaid, the certificate of the Official Trustee for the moneys so paid, or of the transfer or deposit of such securities, or of the conveyance of such land shall be a sufficient discharge to such trustees or other persons for the moneys so paid, or the stocks or securities so transferred or deposited, or the land so conveyed as aforesaid.
8.-(1.) Where any moneys or securities, or any land, are or is vested etc., by in any persons as trustees, and the majority of them are desirous of paying, transferring, depositing, or conveying the same as aforesaid, but the
majority of