Public Trustee (Amendment) Bill

Bill No. 49/1966

Read the first time on 26th October 1966.

An Act to amend the Public Trustee Ordinance (Chapter 32 of the Revised Edition).

Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows: —

Short title and commencement

1. This Act may be cited as the Public Trustee (Amendment) Act, 1966, and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint.

Amendment of section 5

2. Subsection (6) of section 5 of the Public Trustee Ordinance (hereinafter in this Act referred to as “the Ordinance”) is hereby amended by deleting the word “only” appearing in the first and in the third lines thereof.

Amendment of section 6

3. Subsection (2) of section 6 of the Ordinance is hereby amended —

(a)	by deleting the words “Trustees Ordinance” appearing in the seventh and eighth lines thereof and substituting therefor the expression “Trustees Act, 1966,”;
(b)	by deleting the word “Ordinance” appearing in the last line thereof and substituting therefor the word “Act”; and
(c)	by deleting the marginal note “Cap. 34.” thereto.

Amendment of section 7

4. Section 7 of the Ordinance is hereby amended —

(a)	by deleting the expression “section 40 of the Trustees Ordinance” appearing in the third line of subsection (2) thereof and substituting therefor the expression “section 43 of the Trustees Act, 1966,”;
(b)	by deleting the marginal note “Cap. 34.” thereto; and
(c)	by deleting the words “the Colony” appearing in the fourth line of subsection (4) thereof and substituting therefor the word “Singapore”.

Amendment of section 10

5. Subsection (3) of section 10 of the Ordinance is hereby amended —

(a)	by deleting the expression “section 4 of the Trustees Ordinance,” appearing in the fifth line thereof and substituting therefor the word “law”; and
(b)	by deleting the marginal note “Cap. 34.” thereto.

Amendment of section 11

6. Subsection (1) of section 11 of the Ordinance is hereby amended by deleting the expression “section 4 of theTrustees Ordinance,” appearing in the fourth and fifth lines of paragraph (a) thereof and substituting therefor the word “law”.

Amendment of section 18

7. Section 18 of the Ordinance is hereby amended —

(a)	by deleting subsection (4) thereof; and
(b)	by renumbering subsection (5) thereof as subsection (4).

New section 20A

8. The Ordinance is hereby amended by inserting immediately after section 20 thereof the following new section: —

“Unclaimed funds to be paid into Consolidated Fund

20A.—(1) Where, upon the conclusion of the administration of the estate of a person dying testate or intestate, there remain in the hands of the Public Trustee funds of which he is unable to dispose by distribution in accordance with law by reason of the untraceability of the person entitled to give a discharge, or for any other cause, or where the Public Trustee is unable to conclude the administration of any trust as there is remaining in his hands funds of which he is unable to dispose by distribution in accordance with law by reason of the untraceability of the beneficiaries under the trust or for any other cause, the Public Trustee shall credit such funds to an account to be called “the Unclaimed Estates Account” and such funds shall be kept in such account for seven years, and if they remain unclaimed at the expiration of that period such funds together with any interest earned thereon shall be paid into the Consolidated Fund.

(2) If any claim is made to any part of the funds so transferred to the Consolidated Fund and if such claim is established to the satisfaction of the Public Trustee, the amount certified by the Public Trustee to be due to the claimant shall be paid to him, without interest, from the Consolidated Fund.”.

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