Cap. 269 Art. 7Regular court deposits lodged with Monte di Pietà before the 31st December, 1944.

(1) The deposits to which this article applies, (hereinafter referred to as "the deposits") shall be dealt with and disposed of as provided in this article.

(2) Subject to any directives which the Minister may give, and to the other provisions of this article, the deposits shall be sold by public auction in the same manner as unredeemed pledges may be sold in accordance with the provision of article 5(1) and of any regulations made under this Act:

Provided that any deposit of trivial or no value shall be disposed of as the Minister may direct.

(3) The proceeds from the sale of any deposit shall for all purposes of law take the place of the deposit sold as if it had been the thing originally deposited, and shall be kept by the Government indefinitely and shall only be paid to the person or persons specified in an order issued by a competent court and in accordance with any such order. No interest shall be payable on any such proceeds.

(4) The deposits to which this article applies are all regular court deposits lodged with the Monte di Pietà under any authority whatsoever on and before the 31st December, 1944, and not withdrawn therefrom in pursuance of an order issued by a competent court before the commencement of this Act.