ADMINISTRATION OF ESTATES ACT Chapter 6:01 (2) No such investment shall be made by the Master without first consulting thereupon with two advisers, who shall be from time to time appointed for that purpose by the President, or, in the event of both or either of them refusing consent, unless he has applied to and obtained from the High Court or any judge thereof an order of such Court or judge authorizing him to make such loan. [Subsection amended by section 4 of Act 12/1997.] (3) No loan on mortgage shall be made to or in favour of the Master or either of his said advisers. 107 Bonds to be made payable to Guardian’s Fund All bonds for money invested on mortgage shall be made payable to the Master administering the Guardian’s Fund and the Master may cede and assign or demand, enforce and receive payment of any such bond and of the interest due thereon. 108 Examination of books and security of Guardian’s Fund (1) The books and securities of the Guardian’s Fund shall be examined by a person, hereinafter called the examiner, appointed by the Minister. (2) The examiner may call to his aid such persons as the Minister may approve and shall, without derogation from the generality of the duties imposed upon him by this section— (a) examine such books and securities at such intervals as will ensure that a continuous check is maintained upon all transactions involving the Guardian’s Fund; (b) report to the Master any error, omission or irregularity and, if such error, omission or irregularity is not corrected to his satisfaction, report thereon to the Minister. (3) There shall be paid from the Guardian’s Fund— (a) to the examiner and any person called to his aid in terms of subsection (2) such remuneration as the Minister may determine; (b) to the Consolidated Revenue Fund such charges and expenses as have been incurred on or after the 1st April, 1970, by the State or any employee of the State in the administration of the Guardian’s Fund. 109 Master to prepare annual balance sheet The Master shall, so soon after the 1st April in each year as may be convenient, prepare a balance sheet and statement of revenue and expenditure of the Guardian’s Fund reflecting its assets and liabilities and revenues and expenditure under appropriate headings. 110 Master to deliver copy of balance sheet to Minister and others The Master shall deliver a copy of the balance sheet and profit and loss account to the Minister, the Secretary of the Ministry responsible for finance and the Comptroller and Auditor-General. 56 Reissue