sec.22Temporary advances to the public trustee

### sec.22 Temporary advances to the public trustee In order to admit of the moneys in the common fund being kept closely invested or to provide moneys wherewith to make advances in connection with estates under administration, the public trustee may, with the approval of the Minister in each case, obtain advances from the Treasurer or other source by hypothecating securities held by the public trustee in respect of investments in the common fund. Every such advance shall be for such period and at such rate of interest as are approved by the Minister. However, on the expiration of such period the advance may be renewed for the same or any other period, and so on from time to time. The total amount of advances to the public trustee under this section outstanding at any 1 time shall not exceed $1,000,000. (sec.22-ssec.1) In order to admit of the moneys in the common fund being kept closely invested or to provide moneys wherewith to make advances in connection with estates under administration, the public trustee may, with the approval of the Minister in each case, obtain advances from the Treasurer or other source by hypothecating securities held by the public trustee in respect of investments in the common fund. (sec.22-ssec.2) Every such advance shall be for such period and at such rate of interest as are approved by the Minister. (sec.22-ssec.2A) However, on the expiration of such period the advance may be renewed for the same or any other period, and so on from time to time. (sec.22-ssec.3) The total amount of advances to the public trustee under this section outstanding at any 1 time shall not exceed $1,000,000.