(1) An attorney-at-law who receives in advance from or on behalf of a client any money to cover prospective costs, other than a retainer, or as security for future costs shall, on the written demand of the client made at any time after the expiration of 3 months from the receipt of the money or at any subsequent time during any period which is at least 3 months from the date of the last such demand, deliver to the client a statement in writing showing—
(a) the amounts of money so received up to the date of the statement;
(b) the dates when they were so received, and
(c) the purposes for which they or so much of them as has been expended have been applied.
(2) If a client fails to obtain such a statement as is mentioned in subsection (1) after having made a demand therefore in accordance with that subsection, the client may apply to the Committee or a judge in chambers for an order requiring the attorney-at-law to deliver the statement, and the Committee or the judge may on the making of that order give such other directions as the Committee or the judge thinks fit.