118.-(1) Subject to the power of the Court to extend the time, all proofs lodged shall be admitted or rejected wholly or in part, or further evidence in support thereof required, within fourteen days of their being lodged. Whatever the decision, it shall be communicated by letter to the creditor affected thereby. Such letter shall be sent off within the fourteen days herein mentioned.
(2) Subject to the power of the Court to extend the time, no application to reverse or vary a decision in respect of a proof shall be entertained by the Court unless made within fourteen days of the date of the letter communicating the decision.
(3) Notice of the application shall be given to the Official Receiver, or, as the ease may be, to the trustee whose decision is affected by the application.