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HONG KONG LEGISLATIVE COUNCIL.
10. Section 11 amends section 61 (1) and 61 (3) of the principal Ordinance to make it clear that the limit of $500, as in the case of the $250 under section 19, applies to the value of the whole estate in the Colony and not to the whole estate wherever situate.
11. Section 12 substitutes for section 64 of the principal Ordinance a revised and redrafted section in which estates of subordinate officers of the Prisons Department are included and the Superintendent of Prisons is appointed their administrator. In sub-section (1) the expression "not above the rank of sub- inspector" is substituted for the expression "under the rank of inspector" for greater clarity and because the former expression is used in the Police Force Ordinance (see No. 37 of 1932, ss. 14 and 15). Also the expression "without any legal formality" is inserted in sub-section (2), which represents the latter part of the old sub-section (1), to conform with section 19. In sub-section (3), which represents the old sub-section (2), the words "in his discretion" have been inserted, to conform with the old section 65 (1) (ii).
12. Section 13 adds two new sub-sections to section 65 of the principal Ordinance. The new sub-section (2) gives to the Official Administrator, with respect to larger estates of passengers dying on yoyages to the Colony, like powers to those given with respect to small estates to the Harbour Master under section 65 (1); but the period of holding is extended to six months. The new sub-section (3) applies the provisions of the Unclaimed Balances Ordinance, 1929, to estates dealt with under section 65. That Ordinance, under section 4 thereof, already applies to estates dealt with under section 19 of the Probates Ordinance. It often proves impossible to trace the relatives in these cases.
PUBLIC WORKS LOAN REDEMPTION ORDINANCE, 1933.
THE ATTORNEY GENERAL moved the first reading of a Bill intituled "An Ordinance to make provision for the redemption of the bonds issued under the authority of the Public Works Loan Ordinance, 1927." He said: The bonds issued under the Public Works Loan Ordinance, 1927, were made redeemable at any time after the 31st October, 1932. This Bill makes provision for the redemption of all outstanding bonds on the 1st August, 1933. Bondholders exercising the option the Bill gives them may exchange their bonds for 4% bearer Conversion bonds. Those who do not exercise that option are to be paid off. The new Conversion bonds will be made a Trustea investment.
THE COLONIAL SECRETARY seconded and the Bill was read a first time.
Objects and Reasons.
The "Objects and Reasons" for the Bill were stated as follows:-
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