Friends who hold moneys on behalf of others should have regard to the importance of the proper safeguarding and wise administration of such moneys. It is important that, where possible, a separate bank account be used which is not in the name of a single individual. Particular care should be taken to keep proper accounts which should be examined, if necessary by a qualified auditor, once a year.

1959; 1994

See also 14.20–14.24