In re Dillon (Deceased) New Zealand Insurance Company Limited v Public Trustee - [1940] NZLR 48

Will — Construction — Annuity — Direction to invest and to pay "out of the proceeds from such investment" — Meaning of Phrase — Gift of Income of Property to a Charity without Limitation as to Time — Whether a Gift of Capital — Whether Annuitant had a Charge on Capital or a Continuing Charge on Income.