Payment in case of mentally disordered persons
23.—(1) An application for payment of any amount payable in respect of any stock held by a mentally disordered person shall be made by his receiver.
(2) Where it is shown to the satisfaction of the Director of Savings that the holder of any stock is a mentally disordered person for whom no receiver has been appointed, the Director of Savings may, if he thinks fit, pay the whole or any part of the amount repayable, or any other amount payable, in respect of the stock to any person who satisfies him that he is a proper person to receive payment.