1964_SUPREME_COURT_SUITORS__FUNDS_RULES — Page 7

1979 Ed.] Supreme Court Suitors' Funds Rules

[CAP. 4

(2) Subject to paragraph (3), if the Registrar invests any money lodged in court on any ledger credit, any dividend or interest received on such investments, or any principal money received in respect thereof, by the Registrar shall be-

(a) paid into the Supreme Court Suitors' Funds Account; and (b) placed in his books to the credit of the account in which the investments were standing when the dividend or interest became due or when the principal money was received.

(3) Unless an order directs otherwise, no interest shall be credited to any money lodged in court on any ledger credit if—

(a) such money is paid in court as security for costs or by way of satisfaction or amends or in compliance with an order giving leave to defend upon such payments;

(b) the amount is less than $2,500;

(c) such money is paid in court as watchmen's fees;

(d) such money is paid in court as the proceeds of sale;

(e) such money is paid in court by way of satisfaction of a

judgment debt;

(f) such money is paid in court in compliance with an order made under the Matrimonial Causes Ordinance, the Matrimonial Proceedings and Property Ordinance or the Separation and Maintenance Orders Ordinance;

(g) such money is paid in court in respect of bail; or (h) such money is paid in court in any Admiralty proceedings

under Order 75 of the Rules of the Supreme Court.

(4) Interest on any money lodged in court shall not be com- puted on a fraction of one dollar.

(5) The Registrar shall not be required to apportion any amount of interest payable on money lodged in court on any ledger credit.

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[Subsidiary]

(Cap. 179.)

(Cap. 192)

(Cap. 16.)

(Cap. 4, sub. leg.)

17. The Registrar shall pay into the Treasury as soon as is Surplus income. practicable after the end of each financial year any sum standing in the Supreme Court Suitors' Funds Account over and above the amounts required by these rules to be credited to the various ac- counts, and such sum shall be transferred into the general revenue of Hong Kong.

Cost of

18. The cost of administrating the various accounts required to be kept under these rules shall be defrayed out of the general administrating revenue of Hong Kong.

EVIDENCE OF LIFE, ETC.

Suitors' Funds Account.

Evidence by

19. Where any person is entitled under an order to receive dividends or other periodical payments and the Registrar requires affidavit of life evidence of life or of the fulfilment of any conditions affecting such payments, such evidence shall be furnished by affidavit.

or fulfilment of condition.