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The Premium Savings Bonds Regulations 1972
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Payment in case of mentally disordered persons
10.—(1) An application for payment of the sum repayable, or any other sum payable, in respect of a bond 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 any person holding a bond 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 sum repayable, or of any other sum payable, in respect of the bond to any person who satisfies him that he is a proper person to receive payment.
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