s 63 Payment for minor’s maintenance, etc., out of property not exceeding $25,000 in value held by Public Trustee
63.—(1) Where any property not exceeding $25,000 in value is held by the Public Trustee, whether by virtue of a grant of letters of administration to him or by virtue of the powers conferred on him by this Act, and the property is held by him upon trust for any person for any interest whatsoever, whether vested or contingent, then, subject to any prior interest or charges affecting that property, the Public Trustee may in his sole discretion, during the minority of any such person, in respect of that person’s maintenance, education or benefit make payments of the whole or such part of the income and capital money of such property as may in all the circumstances be reasonable.[6/2004] (2) When the property so held exceeds $25,000 but does not exceed $50,000 in value, the Public Trustee may make such payments of capital money to the extent of $25,000.[6/2004] (3) Such payments may be made to the parent or guardian of such person or otherwise as the Public Trustee may, in his discretion, determine, and whether or not there is —(a) any other fund applicable to the same purpose; or (b) any person bound by law to provide for such person’s maintenance or education.[6/2004]