Page:UKSRO 1890.pdf/164

1. Where, in the course of any equity suit, it appears at any time to the Judge expedient that a receiver should be appointed such appointment shall be made whether the same be asked as part of the relief in the Civil Bill or not.

2. Every receiver appointed by the Judge shall give such security to the Clerk of the Peace for the faithful discharge of his duties and the payment over of money as the Judge shall direct.

3. The receiver shall submit his accounts to the Judge, who shall cause the same to be audited as soon as conveniently may be after the receipt or realisation of the assets, and immediately after such audit the receiver shall, unless otherwise ordered by the Judge, pay into such bank, as the Judge may direct, to the credit of the County Court account, the balance found thereby to be in his hands. The account shall be written on judicature paper book wise, and the items of every account must be numbered consecutively, and the account must be verified by affidavit and be therein referred to as an exhibit.

4. The Judge may require any receiver to produce any receipt, account, and vouchers necessary for verifying the accounts, and may disallow any item not proved to his satisfaction.

5. The receiver shall at any time produce his accounts to be audited upon receiving seven clear days' notice in writing from the Judge or Clerk of the Peace so to do, and such notice may be sent by post or otherwise to the address of the receiver.

6. Where the duties of the receiver are continuous, no longer period than one year shall in any case be allowed to intervene between each audit.

7. In no case shall it be necessary for any party to attend at the audit of the receiver's account, but where a party is dissatisfied with a receiver's account he may apply to the Judge in relation thereto.

8. The Judge may from time to time order the receiver to pay out of any sums that may be in or come to his haude the head rents or other out-goings payable in respect of, and the interest upon any mortgages or charges charged upon any lands over which he is acting as receiver, and may direct that the receiver when passing his account get credit for the payments so made.

9. The Judge may order the receiver to pay over at such time or from time to time as he shall see fit to the party entitled thereto, or to the guardian of any infant, any yearly or other accruing rent or interest, instead of paying the same into Court, and to take credit for such payments in his accounts when audited.