852
Indemnity. 56 & 57 Vict. c. 53 s. 49.
Present Official Trustee.
No. 5.]
THE ORDINANCEs of hongkong: [AD.
64. This Ordinance, and every order purporting to be made this Ordinance, shall be a complete indemnity to any bank and persons for any acts done pursuant thereto; and it shall not be nec for any bank or person to inquire concerning the propriety of the or whether the Court had jurisdiction to make the same.
65. For the purposes of this Ordinance, the present Official Tra shall be deemed to have been duly appointed thereunder.
Section 13.
Affidavit to be filed by trustee desiring to pay money to account of, or to deposit shares, etc., in name of, Official Trustee.
Directions for payment of money, etc..
Investment of moneys.
SCHEDULE.
RULES RELATING TO THE SUMMARY ADMINISTRATION OF TRUST FUNDS,
1. Any trustee desiring to pay money to the account of, or to transfer deposit shares, stock, or securities into or in the name of, the Official Trust under the provisions of the Trustee Ordinance, 1901, relating to the summary administration of trust funds, shall file an affidavit setting forth
(1.) his own name and address;
(2.) the place where he is to be served with any petition or any notice of any proceeding or order of the Court, or of the Judge in Chambers relating to the trust fund;
(3.) the amount of money, shares, stock, or securities, which he proposed to pay or transfer into or deposit in Court to the credit of the trust
(4.) a short description of the trust and of the instrument creating it,
(5.) the names of the persons interested in or entitled to the fund, to the best of the knowledge and belief of the trustee; and
(6.) the submission of the trustee to answer all such inquiries relating to the application of the money, shares, stock, or securities paid in, transferred, or deposited under the Ordinance as the Court or a Judge in Chambers may think proper to make or direct.
2. The Official Trustee, on production of an office copy of the affidavit, shall give the necessary directions for payment, transfer, or deposit, and to the account of the particular and shall grant a certificate of such payment, transfer, or deposit.
3. Where it is deemed unnecessary to have the money, or the dividends or interest of the shares, stock, or securities, invested in the meantime, the Affidavit shall further contain a statement to that effect. But where the Affidavit contains no such statement, the Official Trustee shall be at liberty to invest, as soon as conveniently may be, the money paid in or the dividends or interest on the shares, stock, or securities transferred, and all accumulations thereof, in or upon such investments and securities as the Court may direct or approve, and every such investment shall be made in the matter of the particular trust. Provided that where at any time a request in writing, by