Trustees to apportion amount of sinking fund released by conversion

The trustees of the sinking fund appointed under this Act, and acting under any Act authorising the issue of any securities which may be ex- changed into stock or cancelled or purchased under the provisions of this Act, shall determine what amount of the sinking fund held by them and created for repayment of the securities shall be released and in the determination of the question, the trustees shall take into consideration the value of the whole investments held by them on account of the sinking fund, the amount of the debt remaining a charge on the sinking fund, and any other matters as the trustees may think fit to take into account. 15