High Court Wellington
19 June; 9 July 1947
Christie J
19 June; 9 July 1947
Christie J
Trusts and Trustees — Duties of Trustees — Postponement of Sale — Sole Trustee with Power to Postpone Sale of Estate — All Beneficiaries entitled to Capital and Income in Equal Shares — One Small Farm Remaining unrealized Asset — Contract for Sale of Same entered into — Land Sales Committee approving Sale at Lower Price — No Independent Valuation submitted in Support of Contract Price — Failure of Duty as Trustee — Indefinite Postponement of Sale contemplated — Whether Trustee had Power to Postpone Sale indefinitely — Form of Order made.
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