698155-1873-Relief-of-Trustees-Ordinance- — Page 1

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THE HONGKONG GOVERNMENT GAZETTE, 12TH JULY, 1873.

His Excellency states that the Executive Council had agreed to recommend a Compassionate allowance being granted to Mrs. BARRADAS, widow of Mr. BARRADAS, late Accountant of the Hongkong General Post Office, and a Pensioner of this Government since July last,-equivalent in amount to one year's l'ension; viz.: $736. His Excellency moves that this Allowance be voted by the Council, subject to the approval of The SECRETARY OF STATE.

Question carried, nemine dissentiente.

His Excellency adjourns the Council at 10 minutes before 4 o'clock, till Wednesday, the 9th July, at

2.30 P.M.

Read and confirmed, this 9th Day of July, 1873.

L. D'ÁLMADA e Castro,

Clerk of Councils.

A. E. KENNEDY, Governor.

Title.

Preamble.

Repealing

Cla ise.

Assignment to self and others. (22 & 23 Vic., e. 36, s. 21.3

Official Trus- tee.

Trustees may

Estate to

Official

Trustee.

HONGKONG.

ANNO TRICESIMO SEPTIMO

VICTORIE REGINE.

SIR ARTHUR EDWARD KENNEDY, K.C.M.G., C.B.. Governor and Commander-in-Chief.

No. 7 of 1873.

An Ordinance enacted by the Governor of Hongkong, with the Advice of the Legislative Council thereof, to extend to this Colony some of the Provisions of certain Acts of the Imperial Parliament for the Relief of Trustees and Executors.

[9th July, 1873.]

HEREAS it is expedient to extend to this Colony some of

WER Provisions of Certain Acts of the Imperial Parliament

for the Relief of Trustees and Executors: Be it enacted by the Governor of Hongkong, with the Advice of the Legislative Council thereof, as follows:-

I. So much of Section I of Ordinance No. 7 of 1856 and of such Parts of the Two Schedules to the said Ordinance as extend to this Colony the Imperial Act 10 and 11 Vic., c. 96, and the General Orders of the High Court of Chancery of the 10th of June, 1848, are hereby repealed.

Assignment of Personalty.

II. Any Person shall have Power to assign Personal Property, now by Law assignable, including Chattels real, directly to himself and another Person or other Persons or Corporation, by the like Means as he might assign the same to another.

Summary Administration of Trust Estates.

III. For the Purpose of carrying out the Provisions next here- inafter contained, it shall be lawful for the Governor, from Time to Time, to appoint a fit Person to be "Official Trustee" under this Ordinance; the said Office shall have perpetual Succession and all Lands or any Interests therein, and all Monies, Stocks, Shares and other Securities which may be vested in the Official Trustee under this Ordinance, shall be deemed to be vested in the Official Trustee for the Time being, without any further Transfer, or Conveyance.

IV. All Trustees, Executors, Administrators, or other Persons, transfer Trust having in their Hands any Monies belonging to any Trust what- soever, or the Major Part of them, shall be at liberty, on filing an Affidavit shortly describing the Instrument creating the Trust, [10 & 11 Vic., according to the best of their Knowledge and Belief, to pay the c. 96, s. 1.] same with the Privity of the Official Trustee, and in accordance with such Directions as they shall receive for the Purpose, into such Banking Establishment in the Colony as the Governor may from Time to Time appoint for the Purposes of this Ordinance; and the said Trust Monies shall be paid into such Bank on Deposit bearing Interest or otherwise, to the Account of the Official Trustee (by his Official Designation) in the Matter of the particular Trust (describing the same by the Names of the Parties, as accurately as may be, for the Purpose of distin-