when so invested shall receive interest at the rate of 4 percent per year upon the market value, to be computed as at the date of the testator’s death, of such part of the fund as has not yet been so invested. 310. Procedure when minor entitled to immediate payment or possession of bequest. (1) Where, by the terms of a bequest, the legatee is entitled to the immediate payment or possession of the money or thing bequeathed but is a minor, and there is no direction in the will to pay it to any person on his or her behalf, the executor or administrator shall pay or deliver it into the High Court or to the district delegate, by whom the probate was, or letters of administration with the will annexed were, granted, to the account of the legatee, and that payment shall be a sufficient discharge for the money so paid. (2) Such money, when paid in, may be invested as the judge or the district delegate shall direct. 311. Procedure in respect of share of minor in intestacy. (1) Where any person entitled to a share in the distribution of the estate of an intestate is a minor, the personal representative shall pay or deliver the share into the court by which probate or letters of administration were granted to the account of that minor, and the share may be invested in such securities as are authorised by law. (2) Notwithstanding subsection (1), the court may, on its own motion or on the application of the personal representative or any other person, appoint the parent or guardian of the minor or the personal representative or the public trustee or some other suitable person to receive the share of the minor on his or her behalf, and in such case payment to the person so appointed shall be a sufficient discharge of the personal representative. (3) General. The provisions of this section shall not apply to the Administrator