305. A final settlement of account by the Public Trustee shall be conclusive evidence against all parties who were present at the settlement and all persons deriving title from any of them at any time, of the following facts: -
| (a) that the items allowed to the accounting party for money paid to creditors, legatees, heirs, and next of kin, for necessary expenses, and for his services are correct; |
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| (b) that the accounting party has been charged with all the interest for money received by him and included in the account, for which he was legally accountable; |
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| (c) that the money charged to the accounting party, as collected, is all that was collectible at the time of the settlement on the debts stated in the account; |
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| (d) that the allowances made to the accounting party for the decrease, and the charges against him for the increase, in the value of property were correctly made. |
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Sri Lanka Consolidated Acts