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THE HONGKONG GOVERNMENT GAZETTE, 18TH APRIL, 1896.

Title

Preamble.

Short title.

Moners to be placed on deposit and bear 2 per

cent. interest. (Straits Settlements Ordinance XV of 1891, sec. 2.)

Treasurer to

pay our Dionys required t Registrar of the Supremo Court

(Ibid, sec. 3.)

Rules, (2nd, 103, 5.)

No. S or 1896.

An Ordinance enacted by the Governor of Hong- kong, with the advice and consent of the Legislative Council thereof, to amend the Law as to the Moneys of Suitors paid into the Supreme Court.

LS

W

WILLIAM ROBINZON,

Governor.

[ 18th April, 1896.]

HEREAS it is expedient to make provision whereby the moneys of Suitors paid into Court shall bear interest; Be it onacted by the Governor of Hongkong, with the advice and consent of the Legislative Council thereof, as follows:-

1. This Ordinance may be cited as The Suitors Funds Ordinance, 1896.

2. (1) Subject to any rules to be made under this Ordinance, all moneys paid into the Supreme Court shall, unless required by any written law to be dealt with in any particular way or unless authorized or required by any order of Court to be laid our in any particular investment, be placed by direction of the Registrar of the Supreme Court on deposit with the Colonial Treasurer.

(ii) Such moneys so placed on deposit shall subject to such rules bear interest at the rate of two per centum per

anum.

(ii) Such interest shall be paid by Government which shall be liable to make good as well such interest as the moneys so placed on deposit.

3. The Colonial Treasurer shall from time to time, on the requisition of the Registrar of the Supreme Court, pay out of the moneys belonging to Government for the time belug in his ban is such sums as may be required to meet the orders of the Supreme Court with regard to the moneys so pleed on deposit and the interest thereon.

4. The Chief Justice with the concurrence of the Governor may from time to time make, alter, and rescind rules for carrying this Ordinance into effect and regulating the deposit, payment, delivery and transfer in, into and out of the Supreme Court of moncy, securities and moveable property of Suitors and the evidence of such deposit, payment, delivery or transfer and the investment of and other dealings with money, securities and moveable property in Court and the execution of the orders of the Supreme Court and the powers and duties of the Colonial Treasurer with reference to such money, accurities and property, and, in particular, for doing all or any of the following things-

(a) Regulating the placing on and withdrawal from deposit of money in Court whether paid in before or after the commencement of this Ordi- nauce and the payment or crediting of interest on money placed on deposit.

(b) Determining the smallest amount of money on deposit on which interest in pursuance of this Ordinance is to be credited to an account to which money placed on deposit belongs. (c) Determining the time at which money placed on deposit is to begin and cease to bear interest and the mode of computing such interest. (d) Determining the cases in which interest on money placed on deposit and the dividends on any securities standing in the name of the Treasurer is or are to be placed on deposit.

Pased the Legislative Council of Hengkong, this 2nd day of April, 1895.

F. J. BADELEY, Acting Clerk of Councils.

by His Excellency the Governor, the 18th

Assonted day of Apri, 1896.

J. H. STEWART LOCKUARI,

Colonial Secretary,