UNCLAIMED BALANCE
No. 1 of 1885.
188
27.7
of kin of the deceased are not known to him, he shall cause advertisements to be published in this Colony and also, where in his opinion it is possible, in the mother country of the deceased, to the effect that if no claim is made within five years from the date of the decease of the intestate, the funds remaining from the estate of such person, will be transferred to the revenue of this Colony subject to the provisions of this Ordinance. Provided that such advertisement shall not be necessary where the funds of the estate are less than twenty dollars in value.
intestato
5. After five years from the date of the decease of any such person dying intestate, the Official Administrator shall pay the unclaimed balance of such person's estate into the Treasury, and the Governor may direct that it be transferred to the general revenue subject to the provisions of this Ordinance as to refund if claimed after such transfer: Provided that, before such direction is given, a certificate shall be furnished to the Governor by the Official Administrator showing that due advertisement has been made as required by section 4, and that, so far as is known to him, no further claim can reasonably be expected against the estate.
unclaimed
6. Any unclaimed balance paid into the Treasury under the provisions of this Ordinance previous to the expiration of five years as aforesaid shall be lodged in a chartered or incorporated bank in the Colony, at such rate of interest as may be procurable, and the amount of such interest shall be added to and considered portion of such unclaimed balance.
7. (1) When any sum of money, other than the balance of an intestate estate, remains for five years unclaimed in the Supreme Court, it shall be lawful for the court, on the application of the Registrar, to order that such sum be paid over to the Treasurer for transfer to the general revenue, subject to the provisions of this Ordinance as to refund if claimed after such transfer.
(2) Before making any such order the court may order such notice to be given to such parties as it may think fit.
As amended by Law Rev. Ord., 1923.