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(3.) Where the property is not likely to exceed in value the sum of three hundred pounds, the provisions of section 121 of the Act of 1883, shall, so far as applicable, apply as if the proceedings were under a receiving order and order of adjudication. Trustees and Committees of Inspection.

Delivery of books, &c. on release of trustee. [310A.]

65. The release of a trustee shall not take effect unless and until he has delivered over to the Official Receiver all the books, papers, documents, and accounts which by the Bankruptcy Rules, 1886, he is required to deliver over on his release.

Statements of accounts to creditors. [315.]

66. Where in pursuance of section 17 of the Act of 1890 the be furnished to Official Receiver or trustee is required to transmit to creditors a statement of the accounts, such statement shall be in the Form No. 132A in the Appendix, with such variations as circumstances may require; and the cost of furnishing and transmitting such statement shall be calculated at the rate of 3d. per folio for each statement where the creditors do not exceed 10, and where the creditors exceed 10, 18. per folio, for the preparation of the statement and the actual cost of printing.

Trustee not to purchase from his employer or partner without Court's Sanction. [316A.]

67. (1.) Where the trustee carries on the business of the debtor, he shall not, without the express sanction of the Court, purchase goods for the carrying on of such business from his employer (if any), or from any person whose connexion with the trustee is of such a nature as would result in the trustee obtaining any portion of the profit (if any) arising out of the transaction.

(2.) In any case in which the sanction of the Court is obtained under this rule or under Rule 317 of the Bankruptcy Rules, 1886, the cost of obtaining such sanction shall be borne by the person in whose interest such sanction is obtained and shall not be payable out of the debtor's estate.

Sanction of payments to members of committee of inspection. [317A.]

68. Where the sanction of the Court under Rule 317 of the Bankruptcy Rules, 1886, to a payment to a member of a committee of inspection for services rendered by him in connexion with the administration of the estate is obtained, the order of the Court shall specify the nature of the services, and shall only be given where the service performed is of a special nature. No payment shall, under any circumstances, be allowed to a member of a committee for services rendered by him in the discharge of the duties attaching to his office as a member of such committee.

Disclaimer of Lease.

Disclaimer of lease. [320.]

69. (1.) A lease may be disclaimed without the leave of the Court in any of the following cases, viz.:—

i. Where the bankrupt has not sub-let the demised premises or any part thereof or created a mortgage or charge upon the lease; and