1891-HKRS29-1-1-1_Part01 — Page 12

are to be transferred. The direction shall be in form 2 in the schedule. Such Company or Corporation shall after registering such transfer forward the direction to the Treasurer with a certificate thercon that the securities have been transferred as therein authorised, which certificate may be in the form No. 3 in the schedule.

(iii)-The Treasurer shall on giving any receipt for funds lodged, forthwith forward a duplicate of such receipt to the Registrar to be filed with the papers in the cause or matter. Such receipt shall be in the form No. 4 in the schedule so far as appropriate.

7. Any principal money or dividends received by the Treasurer in respect of securities in Court shall be placed in his books in the ease of principal money to the credit to which the securities whereon such money arose were standing at the time of the receipt thereof and in the case of dividends to the credit to which the securities whereon such dividends accrued were standing at the time of the closing of the transfer books of such securities previously to the dividends becoming due.

III-Payment, Delivery and Transfer of Funds out of Court and

other Dealings with Funds.

8. Moneys paid in as security for costs or by way of satisfaction or amends or in compliance with an Order giving leave to defend upon such payment in, shall be paid out on a Direction to the Such Direction shall be as Treasurer signed by the Registrar and bearing the seal of the Court. nearly na may be in the form No. 5 in the schedule. The person entitled to such moneys shall obtain from the Registrar the necessary Direction and present the same at the office of the Treasurer who sball thereupon deliver or cause to be delivered to the person named in such Direction the moneys specified therein.

9. In all other cases the person entitled to withdraw the funds shall lodge at the office of the Treasurer a copy of the Order under the seal of the Court authorising such withdrawal, and the Treasurer shall act in accordance with such Order.

10. When an Order directs any sums to be ascertained by the Certificate of the Registrar and to be afterwards dealt with by the Treasurer such Certificate or a duplicate or office copy of the same shall be sent to the Treasurer who shall act in accordance therewith. Such Certificate shall be as nearly as may be in the form No. 6 in the schedule.

11. When an Order directs payment out of a find in Court of any costs directed to be taxed the Registrar shall state in hits Certificate the name and address of the person to whom such costs are payable. Such Certificate shall be as nearly as may be in the form No. 7 in the schedule.

12. (1)-When finds in Court are by an Order directed to be paid, transferred or delivered to any person named or described in an Order or in a Certificate of the Registrar (except to a person therein expressed to be entitled to such finds na trustee, executor or administrator, or otherwise than in his own right or for his own use) such funds or any portion thereof for the time being remaining unpaid or untransferred or undelivered may, unless the Order otherwise directs on proof of the death of such person whether on or after or in the case of payment directed to be made to a creditor as such before the date of such Order, be paid or transferred or delivered to the legal personal representatives of such deceased person or to the survivors or survivor of them.

(ii)-If no administration has been taken out to such decensed person who has died intestate and whose assets do not exceed the value of $500 including the amount of the funds directed to be so paid, transferred or delivered to him, such funds may be paid, transferred or delivered to the person who being widow, child, father, mother, brother, or sister of the deceased would be entitled to take out administration to his estate upon a declaration by such person in the form No. 8 in the schedule.

(iii)-When funds in Court are by an Order directed to be paid, transferred or delivered to any persons as legal personal representatives such funds or any portion thereof for the time being remaining unpaid, untransferred or undelivered may, upon proof of the death of any of such representatives whether on or after the date of such Order, be paid, transferred or delivered to the survivors or survivor of them. (iv)-No funds shall under this Rule be paid, transferred or delivered out of Court to the legal personal representatives of any person under any probate or letters of administration purporting to be granted at any time subsequent to the expiration of two years from the date of the Order directing such payment, transfer or delivery, or in case such funds consist of interest or dividends from the date of the last receipt of such interest or dividends under such Order.

13. (1)-Every Order which directs funds in Court to be paid, transferred or delivered out shall set forth in full the name of every person to whom such payment, transfer or delivery is to be made unless the name is to be stated in a certificate of the Registrar. In the case of payment to a firm it shall be sufficient to state the business naine of such firm.

(ii)-When money in Court is by an Order directed to be paid to any persons described in the Order or in a certificate of the Registrar as co-partners, such money may be paid to any one or more of such co-partners or to the survivor of them.

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