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Appointment of receivers over real estates for payment of charges thereon.
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2. When by the law or practice of the Court, or by any Act of Parliament, the Court is or shall be empowered to appoint a receiver over real estate for payment of any charge thereon, the Court in exercising such jurisdiction may have regard to the amount of the charge and of the rental of the estate, and also to the other remedies and securities (if any) possessed by the person entitled to the charge, and to the other circumstances of the case; and if the Court shall be of opinion that the appointment of a receiver is unnecessary or inexpedient, or would not be productive of substantial benefit to the person entitled to the charge, it shall be lawful for the Court to decline or postpone appointing a receiver; and the costs of any application for the appointment of a receiver shall be in the discretion of the Court.
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