the-ordinances-of-the-legislative-counci-1890v4 — Page 245

2062 ORDINANCE No. 30 OF 1886 .


Companies.


directed, such official liquidator shall be charged in his account with $5 for every $500
and a proportionate sum for any larger amount, retained in his hands beyond such
period, for every seven days during which the same shall have been so retained, and
the Judge may, for any such retention, disallow the salary or remuneration of such
official liquidator.
Bills, &c., to 38. All bills, notes, and other securities payable to the company or to the official
be deposited in
Court or a bank.
1Ibid, r. 37.1 liquidator thereof shall, as soon as they shall come to the hands of such official liqui
dator, be deposited by him in Court or such bank as the Court may direct for the
purpose of being presented by the Registrar or by the bank (as the case may be) for
acceptance and payment, or for payment only, (as the case may be).
Call, &c., to 39. All orders for payment of calls, balances, or other moneys due from any
be paid into
Court or bank. contributory or other person, shall direct the same to be paid into Court or such bank
[Ibid, r. 38.]
as the Court may direct to the account of the official liquidator of the company, unless
on account of the smallness of the amount or other cause, it shall, having regard to
the amount of the security given by the official liquidator, be thought proper to direct
payment thereof to the official liquidator ; Provided that where any such order has
been made directing payment of a specific sum into Court or some bank in case it
shall be thought proper for the purpose of enabling the official liquidator to issue
execution or take other proceedings to enforce the payment thereof, or for any other
reason, an order may , either before service of such former order, or after the time
thereby fixed for payment, be made, without notice, for payment of the same sum to
the official liquidator.
Notice as to 40. At the time of the service of any order for payment into Court or such bank
payment into
Court or bank. as aforesaid the official liquidator shall give to the party served a notice, for the
[Ibid, r. 39.]
purpose of informing him how the payment is to be made ; and before the time fixed
for such payment, the liquidator shall furnish the Registrar or the cashier of such
bank as aforesaid with a certificate of payment to be signed by the Registrar or cashier
and delivered to the party paying in the money therein mentioned.
Affidavit of 41. For the purpose of enforcing any order for payment of money into Court or
non-payment.
[Ibid, r. 40.] into a bank an affidavit of non-payment by the official liquidator, shall be sufficient
evidence of the non-payment thereof.
Title of account 42. All moneys, bills, notes, and other securities paid and delivered into Court.
ofmoneys paid
in.
Ibid, r. 41.] or into a bank shall be placed to the credit of the account of the official liquidator of
the company ; and orders for any such payment and delivery shall direct the same
accordingly.

Delivery out of securities, and payment out and investment of moneys.
Cheques and 43. All bills, notes, and other securities delivered into Court or to any such bank
requests.
[Ibid, r. 42.]
as aforesaid, shall be delivered out upon a request signed by the official liquidator, and
countersigned by the Registrar and moneys placed to the account of the official
liquidator shall be paid out upon cheques or orders signed by the official liquidator and
countersigned by the Registrar.