Untitled

Feilding Star, Volume XIV, Issue 34, 6 September 1892, Page 2

The Unclaimed Money Bill which has been introduced by the Premier and foreshadowed in the Financial Statement, provides that unclaimed moneys shall mean all sums which shall have been six years unclaimed ia. the possession of any company, whether financial, banking, iusurance, or otherwise carried on for the purpose of gain, and other sayings bank other than a Post Office bank. All companies are required to keep on their chief alphabetical register all unclaimed moneys over £5 not operated on for six years ; such register to be posted up on January Ist in each year, to be published in the Gazette, and to be open for public inspection on the payment of a fee of 2s. All moneys remaining unclaimed after two years from the date of such Gazette notice are to be paid into the Public Trustee under the Public Kevenues Act. A claim may be made by the owner within five years of the payment to the Public Trust Office, when on his right being proved, the Colonial Treasurer may pay over to him such sum as he is found entitled to, but should another claimant subsequently appear the Treasurer shall not be responsible, and the only recourse will be against the recipient of the money.