Trustee Companies Act of 1952 (1 Eliz II) (Qld)

516 COMPANIES. Trustee Companies Act. 1ELiz. II., held by them respectively. But this clause is to be without prejudice to the rights of the holders of shares issued upon special terms and conditions. Distribution 165. If the company shall be wound up whether voluntarily or oinf sapsesectise. orethsoerluwtiisoentdheivliidqeuiadmatoonrgmmayemwbitehrsthienssapnecctiioenafotferandeecxltararionrgdiwnaitrhy like sanction the value of any part of the assets of the company and may also with like sanction vest any part of the assets of the company in trustees upon such trusts for the benefit of the members as the liquidator with the like sanction shall think fit. But this clause is to. be without prejudice to the rights of the holders of shares issued upon special terms and conditions. 166. The words in the margins of the above articles are for convenience of reference only and shall not be taken into consideration in construing such articles. 1 ELIE. II. THE TRUSTEE COMPANIES ACT OF 1952. An Act to Amend "Tile Queensland Trustees, Limited, Acts, 1888 to 1932," and "The Union Trustee Company of Australia, Limited, Acts, 1890 to 1930," each in certain particulars. [ASSENTED TO 4TH DECEMBER, 1952.] B E it enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legis- lative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows :— PART I.- PRELIMINARY. PART I.—PRELIMINARY. Short title. 1. This Act may be cited as "The TrusteeCompanies Act of 1952." Parts of Act. 2. This Act is divided into Parts as follows :— PART 1.—PRELIMINARY ; PART IL—AMENDMENTS OF *" THE QUEENSLAND TRUSTEES, LIMITED, ACTS, 1888 TO 1932 " ; PART M.—AMENDMENTS OF t" THE UNION TRUSTEE COMPANY OF AUSTRALIA, LIMITED, ACTS, 1890 TO 1930." * 52 V. and amending Acts. t 54 V. and amending Acts.

COMPANIES. 517 1952. Trustee Companies Act. PART II.—AMENDMENTS OF * 6 THE QUEENSLAND TRUSTEES, LIMITED, ACTS, 1888 TO 1932." PART II.- AMENDMENTS or "THE QUEENSLAND TRUSTEES, LIMITED, ACTS, 1888 TO 1932." with3* . " T T h h i e s Q P u a e r e t n I s I la . n o d f T th r i u s s A te c e t s, s L ha im ll i b te e d r , e A a c d ts a , s 1o8n8e8c t o o n ao s nf tr T u a c rt ti II o . n 1932," and those Acts and this Part II. of this Act may collective collectively be cited as " The Queensland Trustees,'". Limited, Acts, 1888 to 1952." 4. Section twenty of t" The Queensland Trustees, Amendment Limited, Act, 1892 (as previously amended) is 1) , f1, 00 of amended— Queensland Trustees, (a) By renumbering that section as subsection one L is i 9 m 2 i . t , e , d, Act, of section twenty. (b) By repealing in the first paragraph thereof as so renumbered the words "two pounds ten shillings" and by inserting, in lieu of those repealed words, the words four pounds ". (c) By adding thereto the following subsection, namely :— "(2.) In addition to the respective commissions on income and on the capital value of any such estate as mentioned in the sixteenth section of the Principal Act and in this section, and the other moneys specified in the said sixteenth section, which it is entitled to receive the Company shall be entitled to charge against and receive from or out of the estate a fee (according to the value of the services rendered) for the preparation of income and land taxation returns, the inspection and report upon real estate, the arrangement of insurances, and the keeping of books of account (including the preparation of balance sheets and profit and loss accounts) in respect of any business; but if in any case the Court or a judge shall be of opinion that such a fee is excessive, it shall be competent for the Court or such judge to review and reduce the amount thereof. Such a fee shall not be charged or received by the Company in respect of any services aforesaid rendered by it before the enactment of this subsection." * 52 V. and amending Acts. f 56 V.

518 COMPANIES. PART AMENDMENTS OF THE Trustee Companies Act. 1 Ern. II., 1952. UNION TRUSTEE COMPANY AUSTORFALIA, PART 111.—AMENDMENTS OF *4 THE UNION TRUSTEE LIAMCITTSE,D, COMPANY OF AUSTRALIA, LIMITED, ACTS, 1890 TO 1930." 1 o c 8 o f 9 n 0 P s T t a r O u r 1 c t 9 ti 3 I o 0 I n . I " . with 5 ' T Th h e is U P ni a o r n t I T I r I u . s o te f e t C hi o s m A pa c n t y s o h f a A ll u b st e ra r l e ia a , d L a im s i o te n d e , atciontlldele. ctive o A f ct t s h , is18A90ct to m1ay93c0o,l"leacntdivtehlyo• sebeAccittsedanads t"h T is h P e a U rt n I io II n . Trustee Company of Australia, Limited, Acts, 1890 to 1952." " Ao T fm h s. e e n2 U d2m n oef io n n t Com 6 p . an S y e o ct f i A o u n s t t w ra e li n a t , y L - i t m w i o te o d f , A t" ctTAhme eUnndimonenTt rAucstteoef CTroumstpeaeny of 1892" (as previously amended) is amended— Australia, Limited, Act (a) By renumbering that section as subsection one Amendment of section twenty-two. Act of 1892." (b) By repealing in the first paragraph thereof as so renumbered the words "two pounds ten shillings" and by inserting, in lieu of those repealed words, the words "four pounds "• (c) By adding thereto the following subsection, namely :— " (2.) In addition to the respective commissions on income and on the capital value of any such estate as mentioned in the nineteenth section of the Principal Act and in this section, and the other moneys specified in the said nineteenth section, which it is entitled to receive the Company shall be entitled to charge against and receive from or out of the estate a fee (according to the value of the services rendered) for the preparation of income and land taxation returns, the inspection and report upon real estate, the arrangement of insurances, and the keeping of books of account (including the preparation of balance sheets and profit and loss accounts) in respect of any business; but if in any case the Court or a judge shall be of opinion that such a fee is excessive, it shall be competent for the Court or such judge to review and reduce the amount thereof. Such a fee shall not be charged or received by the Company in respect of any services aforesaid rendered by it before the enactment of this subsection." * 54 V. and amending Acts. t 56 V.