1758
No. 5 of 1929.
UNCLAIMED BALANCES.
Transfer of unclaimed balances of intestates' estates.
Interest on certain unclaimed balances.
Transfer of unclaimed moneys in Court.
If the names and addresses of the persons entitled to the residue of the estate of a deceased person dying intestate and to whom the same is payable are not known to him, the Official Administrator shall, as soon as may be after such grant, cause advertisements to be published in the Colony and also, if in his opinion it is desirable, in any place where it appears to him probable that persons entitled to share in the residue of the estate may be found, to the effect that, if no claim is made within five years from the date of the first publication of such advertisement in the Colony, the balance remaining from the estate of such deceased person will be transferred to the general revenue of the Colony, subject to the provisions of this Ordinance: Provided that such advertisement shall not be necessary where the net value of any estate is less than one hundred dollars.
6. The Official Administrator shall as soon as may be after the grant to him of administration of the estate of any person dying intestate pay the unclaimed balance of such estate into the Treasury, or into the account of the Government at such bank as the Accountant-General may direct, and the Governor may direct that such balance be transferred to the general revenue of the Colony subject to the provisions of this Ordinance as to claims thereto after such transfer: Provided that where advertisement is required by section 5 no such direction shall be given until a certificate has been furnished to the Governor by the Official Administrator to the effect that due advertisement has been made as required by that section and that the period of five years from the publication thereof has expired and that, so far as is known to him, no further claim can reasonably be expected against the estate.
7. Where any unclaimed balance paid into the Treasury or into the account of the Government under the provisions of section 6 amounts to one hundred dollars or upwards, the same shall bear interest at the like rate as is for the time being allowed by the Government in respect of sums bearing interest and deposited with the Accountant-General: Provided that no interest shall be allowed on any such unclaimed balance after the transfer of such unclaimed balance to the general revenue of the Colony.
8. (1) When any sum of money, other than the balance of an intestate estate, remains for a period of five years or longer
* As amended by Law Rev. Ord., 1939, Supp. Sched.