Commonwealth Inscribed Stock Regulations (Amendment) (Cth)

STATUTORY RULES.

1935. No. 128.

REGULATIONS UNDER THE COMMONWEALTH INSCRIBED STOCK ACT 1911–1933.*

I, THE GOVERNOR‑GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulation under the Commonwealth Inscribed Stock Act 1911–1933.

Dated the sixth day of December, 1935.

ISAAC A. ISSACS

Governor‑General.

By His Excellency’s Command,

R. G. CASEY

Treasurer.

 

Amendment of the Commonwealth Inscribed Stock Regulations.  

Regulation 51 of the Commonwealth Inscribed Stock Regulations is repealed and the following regulation inserted in its stead:—

Exchange of bonds for stock.

“51.—(1.) Where stock is inscribed in the name of an infant, or in the name of a person of unsound mind, jointly with other persons not under legal disability, bonds shall not be issued in exchange for such stock except in pursuance of an order of a Justice of the High Court or of a Judge of the Supreme Court of a State or Territory:

Provided that where, in the case of a person of unsound mind, the Master in Lunacy or other officer of a State or Territory exercising powers and functions similar to the powers and functions of a Master in Lunacy is authorized under the law of the State or Territory to administer the estate of that person, bonds may be issued in exchange for stock inscribed in the name, of that person jointly with other persons not under legal disability otherwise than in pursuance of an order of the kind referred to in this sub‑regulation, upon receipt of an application in accordance with Form 23 signed by the Master in Lunacy or other officer, as the case may be, on behalf of the person of unsound mind, and by the person not under legal disability.

“(2.) Where an order has been made by a Justice of the High Court or a Judge of the Supreme Court of a State or Territory in relation to stock which is inscribed in the name of a person of unsound mind jointly with other persons, not under any legal disability, it shall not be necessary for an application in accordance with Form 23 for the issue of bonds in exchange for that stock to be signed by or on behalf of the person of unsound mind.”.

 

* Notified in the Commonwealth Gazette on l2th December., 1935.

 Statutory Rule 1927, No 157, as amended by Statutory Rules 1928, Nos. 20 and61; 1931, Nos. 17, 102, 129 and 151; 1932; Nos. 71 and 135; and 1934, Nos. 8 and 123.

 

By Authority: L. F. Johnston, Commonwealth Government Printer, Canberra.

4475.—Price 3d.