In re Ellison (Deceased) Rainbow v Ellison - [1939] NZLR 199

Will — Devises and Bequests — Deficiency — Clause providing for Priority of Specified Gifts over Others in Event of Deficiency of Assets — Estate ample before Napier Earthquake — Legacies paid prior thereto — Reduction of Value of Estate by Earthquake — Insufficient to pay Annuities in full — Whether payable out of Capital — Gifts given priority ranking inter se — Specific and demonstrative Legacies taking priority over Annuities — Adjustment of Annuities inter se — Method of Adjustment and Valuation — Whether Interest should be added to Arrears of Annuities — Whether Legacies or Benefits received prior or subsequent to Earthquake should be refunded.