Regulation 14

Separate accounts shall be kept for every trust or estate.

A separate account shall be kept of the capital of the trust property and of the mode in which it is from time to time invested, and all dealings with the capital shall be entered in that account.

A separate account shall be kept of the income of the trust property (if received by the Public Trustee) and of the mode in which it is from time to time dealt with by the Public Trustee.