Registrar-Generals-Department-Annual-report-1962-1963 — Page 51

Registrar General Annual Report 華民政務司 註冊總署 年報 All

the war been mistakenly allocated to another charitable trust. During the year it also came to light that some of the funds of another trust had also been allocated to the same charitable trust. A petition was accordingly presented to the Supreme Court for authority to transfer the misallocated funds back to the four trusts in question along with the interest arrived thereon from the dates with effect from which the misallocations had been made. An order of Court was made in terms of the petition, and the appropriate transfers made.

142. Three other petitions were presented to the Court. Two were for orders relating to the payment of the income and part of the capital of a trust to the infant beneficiary, and orders thereon were duly obtained. The third related to the allocation among the various trusts of a sum of $7,394.96 at the credit of the Official Trustee's pre-war bank account, which sum had been held in suspense pending the completion of investigation into the misallocation of funds referred to above. This petition was pending at the end of the year.

143. The Registrar General continued to act as Judicial Trustee of one estate on behalf of which $8,688.50 was held on current account at the close of the year.

Trust Funds

144. Table XXXIV sets out the Official Trustee's receipts and pay- ments for the year, and the assets and liabilities of the trusts administer- ed by him as at 31st March 1963. The total income of the trusts, being interest and dividends on investments, bank accounts and fixed deposits, amounted to $7,254. Payments to beneficiaries totalled $9,995 (including $6,199 on capital account), and the Official Trustee's commission amounted to $144.94. At the end of the year the total funds administer- ed by the Official Trustee amounted to $207,588, of which $52,333 was held on income account, representing for the most part accumulations of income held pending the classification of the position with respect to the seven charitable trusts.

Belilios Stars

145. In 1884 Emanuel Raphael BELILIOS set up a trust fund with the object inter alia of rewarding acts of 'conspicuous valour, devotion or self-denial (whether a life or lives be thereby saved or not) done within the Colony of Hong Kong at a fire or in any quarrel, fight, breach of the peace or otherwise howsoever, or within the Hong Kong, Canton or Macau waters'. The trust deed provided for the award of

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