SUITORS FUNDS.
No. 5 of 1896.
701
No. 5 of 1896.
An Ordinance to amend the law as to the moneys of suitors [Originally paid into the Supreme Court.
No. 8 of 1896.
[18th April, 1896.]
Law Rev. Ord., 1924.
1. This Ordinance may be cited as the Suitors' Funds Short title. Ordinance, 1896.
2.(1) Subject to rules to be made under this Ordinance, Moneys all moneys paid into the Supreme Court shall, unless required by any enactment to be dealt with in any particular way, or unless directed by any order of court to be invested, be placed by the Registrar of the court on deposit with the Treasurer.
(2) Such moneys shall, subject to such rules, bear interest at the rate of two per cent. per annum to be paid by the Government, which shall be liable for the moneys so placed on deposit and for the interest.
3. The Treasurer shall, on the requisition of the Registrar, pay out of the moneys belonging to the Government 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.
4. The Chief Justice may, with the concurrence of the Governor, make 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 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;
* As amended by Law Rev. Ord., 1923.