In re Kerr (Deceased) Public Trustee v Gray - [1948] NZLR 1134

Will — Construction — Direction for Division of Income of Estate into Stated Shares until Death of Last Surviving Child — Time of Vesting and Accumulation of such Shares — Destination of Capital — Payment to Testator's Living Children and the Issue of Deceased Children — "Issue" restricted to Testator's Grand-children — Shares of Capital payable on Shares as directed for Payment of Income.