:
THE HONGKONG GOVERNMENT GAZETTE, 16TH JUNE, 1883.
been paid, or affecting other lands settled there- with to the same or the like uses, trusts, or pur- poses; or,
In the purchase of other lands to be assigned, limited, and settled upon the like uses, trusts, and purposes, and in the same manner as the lands in respect of which such money shall have been paid stood settled; or,
If such money shall be paid in respect of any buildings taken under the authority of this Ordi- nance, or injured by the proximity of the works, in removing or re-placing such buildings, or sub- stituting others in their stead, in such manner as the Court shall direct; or,
In payment to any party becoming absolutely entitled
to such money.
86. Such money may be so applied as aforesaid upon an order of the Court or a Judge, made on the petition of the party who would have been entitled to the rents and profits of the lands in respect of which such money shall have been deposited; and until the money can be so applied it may, upon the like order, be invested by the Registrar in or upon any securities or investments autho- rised by the Court or a Judge, and the interest, dividends, and annual proceeds thereof paid to the party who would for the time being have been entitled to the rents and profits of the lands.
87. If the purchase-money or compensation shall not exceed the sum of one thousand dollars, and shall exceed the sum of one hundred dollars, the same shall either be paid into Court, and applied in the manner hereinbefore directed with respect to sums exceeding one thousand dollars, or the same may lawfully be paid to two trustees, to be nominated by the parties entitled to the rents or profits of the lands in respect whereof the same shall be payable, such nomination to be signified by writing under the hand of the parties so entitled; and in case of the coverture, infancy, lunacy, or other incapacity of the parties entitled to such monies, such nomination may lawfully be made by their respective husbands, guardians, committees, or trustees; but such last-mentioned applica- tion of the monies shall not be made unless the Company approve thereof, and of the trustees named for the pur- pose; and the money so paid to such trustees, and the produce arising therefrom, shall be by such trustees applied in the manner hereinbefore directed with respect to money paid into Court, but it shall not be necessary to obtain any order of the Court for that purpose.
Order for application
and invest- meni meanwhile.
Sums fran $100 to $1000 to be pai sute Court, or ti trustees.
Sumus noi exceeding $100 to be paid to parties.
88. If such money shall not exceed the sum of one hundred dollars, the same shall be paid to the parties entitled to the rents and profits of the lands in respect whereof the same shall be payable, for their own use and benefit, or in case of the coverture, infancy, idiotcy, lunacy, or other incapacity of any such parties, then such money shall be paid, for their use, to the respective husbands, guardians, committees, or trustees of such persons.
89. All sums of money exceeding one hundred dollars application of which may be payable by the Company in respect of the taking, using, or interfering with, any lands under a con- tract or agreement with any person who shall not be entitled to dispose of such lands, or of the interest therein contracted to be sold by him, absolutely for his own benefit, shall be paid into Court or to trustees in manner aforesaid.
90. Where any purchase money or compensation paid into Court under the provisions of this Ordinance shall have been so paid in respect of any lease for a life or lives or years, or for a life or lives and years, or any interest less than the whole interest granted by any Crown lease, it shall be lawful for the Court or a Judge, upon petition to the Court in a summary way of any party interested therein, to order that the same shall be laid out, invested, accumulated, and paid in such manner as the Court or such Judge may consider will give to the parties interested in such money the same benefit therefrom as they might lawfully have had from the interest in respect of which such money shall have been paid, or as near thereto as may be.
91. Upon payment in manner herein before provided, of the purchase-money or compensation agreed or deter- mined to be paid in respect of any of the said lands mentioned in the said Schedule D., and purchased or taken by the Company under the provisions of this Ordi-
compensation
to parties not absolutely entitled.
Court to direct application of Joney in respect of lite interests, &e. in lanis
Upon payment being made, the owners of the lands to assign, or in default the Jands to vest in the Company by deed.
509
No comments yet.
Private notes are available after approval.