Separate accounts

Separate accounts shall– (a) be kept for every trust or estate; 14 (b) be kept of the capital of the trust property and of the mode in which it is from time to time invested, and all dealing with such capital shall be entered in such account; (c) 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.