70.-(1) The costs of all proceedings down to and including the issuing of a receiving order shall be borne by the party prosecuting the same. If such party be a creditor, his costs, unless disallowed by the Court or the Court otherwise orders, shall be taxed and be payable out of the estate in the order of priority prescribed by the Law.
(2) When the proceeds of the estate are not sufficient to defray the costs and any expenses necessarily incurred by the Official Receiver (in excess of the deposit) up to the conclusion of the first meeting of creditors, or up to the appointment of a trustee, whichever is later in time, such excess shall be payable by the party prosecuting the proceedings.