Administrator to enter into Bond.
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XIX. And be it further enacted and ordained, That every person to whom Letters of Administration shall be committed shall, before the granting thereof, give sufficient security, by bond to be entered into to Her Majesty, Her Heirs, and Successors, for the payment of a certain sum of money, with one, two, or more Sureties, respect being had to the value of the estates, credits, and effects of the deceased; which bond shall be deposited in the said Court among the records thereof, and there safely kept, and a copy thereof shall be also recorded among the proceedings of the said Court; and the condition of the said bond shall be to the following effect,- Condition of Bond.
« that if the above bounden Administrator of the goods, chattels, " and effects of the deceased, do make, or cause to be made, a "true and perfect inventory of all and singular the goods, credits, "and effects of the said deceased, which have or shall come to "the hands, possession, or knowledge of him the said Administrator, or to the hands or possession of any other person or persons for him, and the same so made do exhibit "into the Supreme Court of Hongkong, at or before a day therein to be specified; and the same goods, chattels, "credits, and effects, and all other the goods, chattels, credits, and effects of the deceased at the time of his death, "or which at any time afterwards shall come to the hands or "possession of such Administrator, or to the hands or possession of any other person or persons for him, shall well and truly administer according to law; and further shall make, "or cause to be made, a true and just account of his said administration, at or before a time therein to be specified, "and afterwards from time to time as he, she, or they shall be lawfully required; and all the rest and residue of the said goods, chattels, credits, and effects which shall be found "from time to time remaining upon the said administration "account, the same being first examined and allowed by the "said Court, shall and do pay and dispose of in a due course "of administration, or in such manner as the said Court shall direct, then this obligation to be void and of none effect,
How Bond to be put in suit.
In case it shall be necessary to put the said bond in suit, for the sake of obtaining the effect thereof for the benefit of such person or persons as shall appear to the said Court to be interested therein, such person or persons from time to time giving satisfactory security for paying all such costs as shall arise from the said suit, such person or persons shall, by order of the said Court, be allowed to sue the same in the name of the Attorney-General for the time being of the said Colony, and the said bond shall not be sued in any other manner.
XX. And be it further enacted and ordained, That the said Supreme Court shall fix certain periods when all persons to whom Probates of Wills and Letters of Administration shall be granted by the said Court shall from time to time, until the effects of the deceased persons shall be fully administered, pass their accounts relating thereto before the said Court; and in case the effects of the deceased shall not be fully administered within the time for that purpose to be fixed by the said Court, then, or at any earlier time, if the said Court shall see fit so to direct, the person or persons to whom such probate or administration shall be granted shall pay, deposit, and dispose of the balance of money belonging to the estate of the deceased then in his, her, or their hands, and all money which shall afterwards come into his, her, or their hands, and also all precious stones, jewels, bonds, bills, and securities belonging to the estate of the deceased, in such manner, and unto such persons, as the said Court shall direct for safe custody; and the said Court shall from time to time make such order as shall be just for the due administration of such assets, and for the payment or remittance thereof, or any part thereof, as occasion shall require, to or for the use of any person or persons, whether resident or non-resident in the said Colony and its Dependencies, who may be entitled thereto, or any part thereof, as creditors, legatees, or next of kin, or by any other right or title whatsoever.
Court to fix periods at which accounts shall be passed.
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Allowances to be made to executors or administrators.
XXI. And be it further enacted and ordained, That it shall and may be lawful for the said Supreme Court, to allow to any Executor or Administrator of the effects of any deceased person (except as herein mentioned) such commission or per centage out of their assets as shall be just and reasonable for their pains and trouble therein: Provided always, that no allowance whatever shall be made for the pains and trouble of any Executor or Administrator who shall neglect to pass his accounts at such time, or to dispose of any money, goods, chattels or securities with which he shall be chargeable in such manner, as in pursuance of any general or special rule or order of the said Court, shall be requisite; and moreover every such Executor or Administrator so neglecting to pass his accounts, or to dispose of any such money, goods, chattels, or securities, with which he shall be chargeable, shall be charged with interest at the rate then current within the said Colony and its Dependencies, for such sum and sums of money, as from time to time shall have been in his hands, whether he shall or shall not make interest thereof.
XXII. And be it further enacted and ordained: That where Letters of Administration, or "ad colligenda bona" have been granted to the Registrar under an Act of Parliament passed at a Session holden in the 39th & 40th years of the reign of King George the Third, intituled An Act for establishing further Regulations for the Government of the British Territories in India, and the better administration of Justice within the same, or otherwise as Registrar, he shall...
.79. s. 21.
39 & 40 Geo. 3, c.
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