D. 1896.]
SUITORS FUNDS.
[No. 6.
185
(2) Such moneys so placed on deposit shall, subject to such rules, interest at the rate of two per centum per annum.
(3) Such interest shall be paid by the Government of the Colony, which shall be liable to make good as well such interest as the moneys placed on deposit.
3. The Colonial Treasurer shall from time to time, on the requisition of the Registrar of the Supreme Court, pay out of the moneys belonging to the Government of the Colony for the time being 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 interest thereon.
The Chief Justice may, with the concurrence of the Governor, make, alter, and rescind rules for carrying this Ordinance into 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, payment, delivery, or transfer, and the investment of and other dealings with money, securities, and movable property in Court, and the execution of the orders of the Court, and the powers and duties of the Colonial 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 in pursuance of this Ordinance is to be credited to an account to which money placed on deposit belongs;
(3.) determining the time at which money placed on deposit is to begin and 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 standing in the name of the Colonial Treasurer is or are to be placed on deposit.
ORDINANCE No. 6 OF 1896.
ORDINANCE to regulate the Admiralty Procedure of the Supreme Court.
[1st September, 1896.]
BE it enacted by the Governor of Hongkong, with the advice and consent of the Legislative Council thereof, as follows:
Ordinance No. 13 of 1896.