Application of net rents and profits pending sale

Subject to any direction to the contrary in the disposition on trust for sale or in the settlement of the proceeds of sale, the net rents and profits of the land until sale, after keeping down costs of repairs and insurance and other outgoings, shall be paid or applied, except so far as any part thereof may be liable to be set aside as capital money under the Settled Land Act, 1925, c. 18, in the like manner as the income of investments representing the purchase money would be payable or applicable if a sale had been made and the proceeds had been duly invested.