1891-HKRS29-1-1-1_Part01 — Page 13

Authenticated Laws 確真本香港法例 All

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14. When funds lodged in Court are by an Order directed to be transferred or carried over to any other ledger credit than that to which the same are standing the party having the carriage of the Order shall lodge with the Treasurer a copy of the Order under the seal of the Court and the Treasurer shall act in accordance with such Order.

15. When money lodged in Court is by an Order directed to be invested the party having the carriage of the Order shall lodge at the office of the Treasurer a copy of the Order under the seal of the Court, and the Treasurer shall thereupon invest such money in the manner directed by the Order.

16. When funds in Court are by an Order directed to be dealt with otherwise than by lodgment, withdrawal, transfer or investment the party having the carriage of the Order shall lodge at the office of the Treasurer a copy of the Order under the seal of the Court, and the Treasurer shall not in accordance with such Order.

17. When funds in Court are ordered to be carried over to a separate account the title of the ledger credit to be opened for the purpose shall commence with the title of the cause or matter to which such funds are stauding,

IV.-Duties of the Treasurer and Calculation of Interest.

18. Funds lodged in Court shall be entered by the Treasurer to the ledger credit mentioned in the Direction of the Registrar, and a ledger account shall be kept to which the funds lodged in Court shall be credited and the funds withdrawn or transferred therefrom debited in the usual way, and where funds in Court are dealt with in any other way than by lodgment, withdrawal, transfer or investment the same shall be entered in the account as the circumstances of the case shall require.

19. (i)-Money lodged in Court to the credit of any account shall be deemed to be placed on deposit and shall be credited with interest at the rate of 2 per cent. per annum except in the following

cases ;-

(a) When money was paid into Court before the commencement of The Suitors' Funds Ordi- nance, 1896. In such case interest will only accrue from the date of payment to the Treasurer, and subject to the provisious of Rule 21.

(b) When the money is paid into Court 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,

Or

(c) When the amount of the lodger credit is less than $100.

(ii)-Money on deposit shall be deemed to be withdrawn from deposit when the amount is reduced below $100.

20. Interest upon money on deposit shall not be computed on a fraction of $1.

21. Interest upon money on deposit shall accrue by calendar months and shall not be computed by any less period. Such interest shall begin on the first day of the calendar month next succeeding that in which the money is placed on deposit and shall cease from the last day of the calendar month next preceding the day of the withdrawal of the money from deposit.

22. Interest which has accrued for or during the half-year ending on the 30th of June and 31st of December in every year on money then on deposit shall on or before the 15th days of the months respectively following be placed by the Treasurer to the credit to which such money shall be standing on every such half yearly day, and when money on deposit is withdrawn from deposit, the interest thereon which has accrued and has not been credited shall be placed to the credit to which the money is then standing.

V.-Evidence of Life, &c.

23. When any person is entitled under an Order to receive dividends or other periodical payments from the Treasurer's office and the Treasurer requires evidence of life or of the fulfilment of any conditions affecting such payments, such evidence may be furnished by a declaration signed by a solicitor acting on behalf of such person or by a declaration signed by the person entitled to such payment and attested by a Justice of the l'ence, Magistrate, Minister of Religion, or Notary Public, and the Treasurer shall act on such evidence unless in any cuse he thinks fit to require such evidence to be by statutory declaration or affidavit.

24. When in carrying into effect the directions of an Order evidence is required by the Treasurer for any purposes other than those included in the last preceding tule he may receive and act upon an affidavit or upon a statutory declaration, and every such affidavit or statutory declaration shall be filed in Court when the Treasurer shall consider it necessary.

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