A REVIEW had been ordered of the Judiciary's management of funds on behalf of those considered unable to look after their financial affairs, which has faced sharp criticism. A Judiciary spokesman said the management of the cash, eaten away by inflation after languishing in bank accounts for up to 40 years, was the subject of 'internal review'. The funds are held by the courts on behalf of children or mentally incapable adults following injuries or compensation cases, to be withdrawn over decades to pay for nursing, education and living expenses. Held in a series of bank accounts known as Suitors' Funds managed by Registrar of the Supreme Court Julian Betts, the funds totalled $160 million as of January and are held in three-month time deposits - an investment strategy that has come under criticism from financial experts. A spokesman for Mr Betts has replied to the criticism saying 'the Registrar has all along endeavoured to maximise returns by pooling funds and choosing financial institutions offering the highest returns. 'The main purpose of placing money in court is not to pursue high yields in returns but to ensure protection of principal monies lodged with the courts.' It has also emerged that the management of the funds is to be considered by the personal injuries committee of the Bar Association. Committee member Nicholas Pirie said the management of the funds was 'terrible'. At present, management of the funds is at the taxpayer's expense. Losses due to inflation, averaging 7.9 per cent, is most acute in cases such as Chan Pui-ki, a 17-year-old girl who won $6.4 million from Kowloon Motor Bus last year. Although mentally injured she has a normal life expectancy. John Griffiths QC, who represented Miss Chan, said that in Britain trade unions had taken the lead in organising a special investment fund, but that in Hong Kong the number of people might be too small to allow proper diversification.