1964_FORESHORE_AND_SEA-BED_(RECLAMATIONS)_ORDINANCE — Page 8

1985 Ed.]

Foreshore and Sea-bed (Reclamations}

[CAP. 127

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(4) Where the amount of any payment made by the Director under subsection (1) exceeds the amount of the compensation payable by virtue of a determination by the Lands Tribunal, the amount of the excess shall be recoverable by the Director as a civil debt.

15. (1) All sums of money payable as compensation under this Ordinance together with interest thereon and all costs and remuneration awarded against the Crown, shall be paid out of the general revenue.

(2) At any time after an agreement under section 13(2) or a determination by the Lands Tribunal of the amount of compensa- tion payable under this Ordinance, the Director may by notice published in the Gazette require the person entitled to the compensa- tion to collect it by the date and at the place specified in the notice.

(3) Subject to section 14(3), any sum of money payable as compensation by virtue of an agreement under section 13(2) or a determination of the Lands Tribunal under this Ordinance shall bear interest from the date of publication of the notice of authoriza- tion in the Gazette under section 9(1)(b) relating to the reclamation in question, until the date specified in the notice published under subsection (2) of this section but no interest shall be payable in respect of the amount of any costs or remuneration.

(4) The rate of interest for the purposes of subsection (3) shall be such rate as the Lands Tribunal may fix having regard to the lowest rate payable from time to time by members of The Hong Kong Association of Banks on time deposits.

(5) If no claim is made for the payment out of the compensa- tion money at the place and by the date specified in the notice published under subsection (2), the Director shall pay such money to the Director of Accounting Services.

(6) The money paid to the Director of Accounting Services under subsection (5) or any part of it may, before the expiry of 5 years from the date specified in the notice published under subsec- tion (2), be claimed by the person entitled thereto and upon such claim being substantiated shall be paid to the person so entitled.

(7) On the expiry of the period of 5 years referred to in subsection (6) the money or such part of it as remains unpaid shall be transferred to the general revenue.

16. When the person entitled to compensation is absent from Hong Kong or cannot be found or, before the expiry of 6 months from the date when the amount of compensation is agreed under section 13(2) or determined by the Lands Tribunal under this Ordinance, makes no claim to the same, or is in the opinion of the Director unable to give an effectual discharge for the same, the Director may direct that payment of the compensation shall be made to such other person on behalf of the person entitled as he

Payment of compensation and interest.

Payment when person entitled cannot be found, etc.