Regulation 11 Payment in case of bankrupts

Where it is shown to the satisfaction of the Director of Savings that a receiving order has been made against any person who is the holder of a bond, or that a trustee has been appointed in the bankruptcy of any such person, or that an order for the administration in bankruptcy of the estate of a deceased holder has been made, the Director of Savings may, if he thinks fit, on an application made in that behalf by the Official Receiver or trustee, pay to the Official Receiver or trustee, as the case may be, the sum repayable, or any other sum payable, in respect of the bond.