Notice by executors and administrators for lodgement of claims

(1) Every executor or administrator to whom probate or letters of administration is or are granted shall, so soon as he enters on the administration of the estate and within fourteen days after the date of the grant, cause a notice to be published in the Gazette and in some newspaper circulating in the district or town in which the deceased ordinarily resided, calling upon all persons having claims as creditors against the deceased or his estate to lodge them with the executor or administrator within three months from the date of the first publication of the notice. (2) The notice shall be published at least twice, with an interval of a week between each publication. (3) All claims which would be provable in case of the insolvency of the estate shall be deemed to be claims of creditors for the purposes of this Act.