Sale of goods levied on and disposal of proceeds

(1) When any goods or chattels are distrained on, they shall, after due notice given in the Gazette, be sold by the bailiff at public auction in such a manner as is usual in sales under executions issuing out of the district court and, until the sale, the goods shall be kept in the custody of the Commissioner. (2) The money arising from the sale shall be paid over by the bailiff to the Chief Collector after deducting therefrom all reasonable and necessary charges and expenses attending the levy and sale which may be allowed by the Chief Collector, and these proceeds of sale shall be applied by the Chief Collector towards satisfaction of the unpaid tax, fines, and costs, and the surplus (if any) shall be restored on demand to the owner of the goods distrained, but– (a) tools of trade, bedding and wearing apparel amounting in all to the value of fifty dollars shall be exempted from execution; (b) after a levy the owner of the goods seized may redeem them at any time before the time appointed for the sale by paying to the bailiff the full amount of the tax and fines thereon, 58 together with all costs and expenses incurred in relation thereto by the date of such payment; (c) if at such public auction there are no bids sufficient to cover the tax, fines, costs and expenses, the unsold goods shall become the property of the Government of Belize.