(a) invite any person who claims to be entitled to any such amount to submit his claim to the Master; and
(b) in respect of the amounts received by the Master in accordance with section ninety-nine or one hundred
or any other enactment, indicate the person who forwarded the amount concerned to the Master.
(4) This section shall apply to all amounts held by the Master in the Guardian’s Fund, whether received by
him before, on or after the 29th December, 1978, and all advertisements in the Gazette made in respect of such
amounts before that date shall be deemed to be notices for the purposes of subsection (2).
105 Prescription of claims to moneys in Guardian’s Fund
Any claim to moneys in the Guardian’s Fund whether they were paid into that Fund before, on or after the
29th December, 1978, shall be made within a period of thirty years—
(a) in the case of any amount paid into the Guardian’s Fund because it has not been claimed by the owner,
from the date of payment of the amount into the Guardian’s Fund;
(b) in the case of any other moneys, from the date upon which the person concerned became entitled to
claim the amount;
and on the expiration of that period the debt shall be extinguished by prescription and the moneys concerned paid
into the Consolidated Revenue Fund:
Provided that this section shall not preclude any claims being made before the 1st January, 1980, and no debt
shall be prescribed in terms of this section before that date.
106 Investment of moneys to credit of Guardian’s Fund
(1) The Master shall, from time to time and as soon as he finds opportunity to do so, invest moneys standing
to the credit of the Guardian’s Fund which are not required to meet the current expenditure of the Guardian’s
Fund in any of the following—
(a) on mortgage of immovable property;
(b) in Treasury bills;
(c) on deposit with the Treasury;
(d) in locally registered securities which are—
(i) issued by the State, a municipal council constituted under the Urban Councils Act
[Chapter 29:15] or a statutory corporation established by a law in force in Zimbabwe; or
(ii) guaranteed by the State;
(e) with the Post Office Savings Bank;
(f) with an accepting house, commercial bank, discount house or finance house registered under the
Banking Act [Chapter 24:20];
[Paragraph amended by section 82 of Act 9 of 1999.]
(g) in shares in or on deposit with a building society registered under the Building Societies Act
[Chapter 24:02];
(h) in savings certificates issued in terms of the Savings Certificates Act [Chapter 22:12];
(i) in any other security approved by the Minister and the Minister responsible for finance.
(2) No such investment shall be made by the Master without first consulting thereupon with two advisers,
who shall be from time to time appointed for that purpose by the President, or, in the event of both or either of
them refusing consent, unless he has applied to and obtained from the High Court or any judge thereof an order of
such Court or judge authorizing him to make such loan.
[Subsection amended by section 4 of Act 12 of 1997.]
(3) No loan on mortgage shall be made to or in favour of the Master or either of his said advisers.
107 Bonds to be made payable to Guardian’s Fund
All bonds for money invested on mortgage shall be made payable to the Master administering the Guardian’s
Fund and the Master may cede and assign or demand, enforce and receive payment of any such bond and of the
interest due thereon.
108 Examination of books and security of Guardian’s Fund
(1) The books and securities of the Guardian’s Fund shall be examined by a person, hereinafter called the
examiner, appointed by the Minister.
(2) The examiner may call to his aid such persons as the Minister may approve and shall, without derogation
from the generality of the duties imposed upon him by this section —
(a) examine such books and securities at such intervals as will ensure that a continuous check is maintained
upon all transactions involving the Guardian’s Fund;
(b) report to the Master any error, omission or irregularity and, if such error, omission or irregularity is not
corrected to his satisfaction, report thereon to the Minister.
(3) There shall be paid from the Guardian’s Fund—
(a) to the examiner and any person called to his aid in terms of subsection (2) such remuneration as the
Minister may determine;
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