Disposal of surplus

—(1) After payment of the tax, penalties, and costs, any surplus moneys arising on sales under this Act shall be-paid by the Director General to the owner of the property sold, if known. (2) Where the owner of the property is not known, the Minister may hold the surplus moneys for a period of six years from the day of sale. (3) If within six years of the day of sale, no person makes an application claiming to be the owner of the property, the surplus money shall be deposited in the Consolidated Revenue Fund. (4) If the Director General has notice that any person, other than the owner of the property sold, has a claim to the surplus moneys or any part of the surplus moneys either by way of mortgage or other legal encumbrance, the Director General may send to the said owner, by post, a letter addressed to him at his last known place of abode stating that the moneys or some specified part of the money will be paid to such claimant, mortgagee, or encumbrancer unless that owner informs the Director General within ten days from the date of the said letter that he does not admit the said claim. (5) If no reply is received from the owner within the time specified in sub-section (4), the surplus moneys, or such part thereof as specified in the said letter, may be paid to the claimant by the Director General. (6) If the owner denies the claim, the Director General shall pay the surplus moneys to the Registrar of the Supreme Court. Tax Administration and Procedure CAP. 51 73 (7) The Registrar shall place the surplus moneys to the credit of an account in court, until the court determines which person is entitled to it. (8) The Director General shall not be held responsible for any payment made by the Director General under this section.