Liability of Public Trustee a charge on Consolidated Revenue Fund

There shall be charged upon the Consolidated Revenue Fund all sums required to discharge any liability which the Public Trustee, if he were a private trustee, would be personally liable to discharge, except where the liability is one to which neither the Public Trustee nor any of his officers has in any way contributed and which neither he nor any of his officers could by exercise of reasonable diligence have averted, and in that case the Public Trustee shall not be subject to any liability nor shall any sums be charged upon the 16