Short title.

Governing Body of Queen's College authorised to borrow money at interest.

The Government of the Island guarantees payment of same and

interest..

Certificates of loans how, and by whom giver..

LAWS OF BARBADOS.

notice being given on either side and to be guaranteed by the government of this Island, and secured to the government by charging and making liable the lands and buildings of the college to the payment of the said loan and interest in the event of the government being obliged to pay the same; And Whereas it is deemed expedient to pass an Act giving effect to the prayer of the said petition; Be it therefore enacted by the Governor, Council, and Assembly of this Island and by the authority of the same as follows;

I. This Act may be cited as "The Queen's College Loan Act, 1885."

II. The Governing Body of the Queen's College are hereby authorized and empowered to obtain on loan at interest from any person or persons body politic or corporate any sum or sums not exceeding together the sum of five hundred pounds.

III. The government of this island hereby guarantees the payment of any sum or sums that may be borrowed as aforesaid by the governing body of the Queen's College under the authority of this Act not exceeding in the whole the sum of five hundred pounds with lawful interest on any such sum or sums from the date or dates the same may be borrowed.

IV. When any sum or sums shall be borrowed as aforesaid a certificate in the form of schedule A to this Act under the hand of the Chairman for the time being of the Governing Body of the College shall be given to any person or persons body politic or corporate lending the same, and such certificate shall be transferable and may be transferred to any other person or persons by indorsement

SESSION OF 1884-'85.

in the same manner as Bills of Exchange or Promissory Notes.

V. Any person or persons body politic or corporate lending any money to the Governing Body of Queen's College on the security of this Act or any transferee or assignee as aforesaid requiring the payment of any money so lent and advanced shall give to the Governing Body of the College and to the government of this island twelve months' notice in writing that he or they require such payment to be made, and when the Governing Body of Queen's College shall desire to pay up any moneys so borrowed they shall give to the person or persons body politic or corporate who lent and advanced the same his or their executors, administrators or assigns, a similar notice of their intention to pay up the same. VI. Whenever any notice as is mentioned in the last preceding section shall be given to the Governing Body of the Queen's College by the person or persons body politic or corporate lending any moneys on the security of this Act, his or their executors, administrators or assigns, the Governing Body of the Queen's College may obtain some other person body politic or corporate to pay off and take up the same, and the party entitled to receive such money shall be bound to transfer the same to the person or body politic or corporate so paying off and taking up the same.

VII. If the Government of this Island shall be obliged to pay the said sum of five hundred pounds or the interest thereof or any part thereof respectively, the lands and buildings of which the Governing Body of the Queen's College may be possessed for the purposes of the College shall be charged with and be subject and liable to the payment of any

On payment being required notice in writing to be given, and when Governing Body desire to pay up a similar notice to be given.

When notice of payment is required, Governing Body may get money taken up, and transfer to be made.

If Government

obliged to pay loan, or any part, lands and

buildings of College liable for same.

LAWS OF BARBADOS.

moneys that may be so paid until the same shall be repaid.

SCHEDULE A

This is to certify that A.B. of

has lent to the Governing Body of the Queen's College the sum of

under the

authority of "The Queen's College Loan Act,
1885," and that the said A.B., his executors,
administrators, and assigns is entitled to the
said sum of
with lawful

interest thereon payable annually from the

Dated this

day of

188

Short title.

Executors deemed to be trustees for persons entitled to

Chairman of the Governing Body of the Queen's College.

CAP. LXIII.

(Assented to 10th November 1885.) BARBADOS.

An Act for making better provision for the disposal of the undisposed-of residues of the effects of testators than at present exists.

W

HEREAS it is deemed expedient to make better provision for the disposal of the undisposed-of residues of the effects of testators than at present exists; Be it therefore enacted by the Governor, Council, and Assembly of this Island, and by the authority of the same, as follows;

I. This Act may be cited as "The Undisposed-of Residues of Testators Effects Act, 1885."

II. When any person shall die having by his will or any codicil appointed any person or persons to be his executor or executors,

SESSION OF 1884-'85.

such executor or executors shall be deemed to be a trustee or trustees for the person or persons (if any) who would be entitled to the estate under the Statute of Distributions in respect of any residue not expressly disposed of, unless it shall appear by the will or any codicil thereto that the person or persons so appointed executor or executors was or were intended to take such residue beneficially.

III. Nothing herein contained shall affect or prejudice any right to which any executor, if this Act had not been passed, would have been entitled, in case where there is not any person who would be entitled to the testator's estate under the Statute of Distributions in respect of any residue not expressly disposed of.

CAP. LXV.

(Assented to 10th October 1885.)

BARBADOS.

An Act to incorporate into one Act all the pensions granted by resolution of the Legislature during the present Session.

HEREAS it is deemed expedient to in

W corporate into one Act all the pensions

granted by resolution of the Legislature during the present Session; Be it therefore enacted by the Governor, Council, and Assembly of this Island and by the authority of the same, as follows;

I. From and after the passing of this Act the Treasurer of this Island shall, and he is hereby authorised to pay annually, in equal monthly payments, from the public treasury on the warrant of the Governor-in-Executive Committee, to the several persons mentioned

any residue under the Statute of Distributions, unless otherwise directed by will.

Not to affect rights of executors where there is not any per son entitled to the residue.

Treasurer on warrant of Governor-inExecutive Committee to pay pensions in schedule.

Resolutions granting pensions in schedule

not to take effect.

LAWS OF BARBADOS,

in column one of the schedule to this Act annexed, during the term of their respective natural lives, the sums mentioned and set out in column three of the said schedule against the respective names of those persons. II. From and after the passing of this Act the several resolutions granting pensions to the several persons mentioned in the schedule hereto, shall cease to have any effect.

(Assented to 10th November 1885.) BARBADOS.

An Act to grant a sum of money out of the public treasury and to appropriate the same for the service of the year ending the thirty first day of December one thousand eight hundred and eighty six.

W

HEREAS it is deemed expedient to grant the sum of thirty nine thousand eight hundred and ninety five pounds four