In Re Lowe (Deceased) Public Trustee v Lowe - [1933] NZLR s. 179

Trustee — Will — Direction to invest Estate Moneys to produce “not less than Five per Cent.” — Named Classes of Permitted Government and Local-body Securities — Alternatively, any other Modes of Investment authorized by Law for the Investment of Trust Funds “not being Mortgages of Land” — Statutory Reduction of Interest and Debt Conversion — Resultant Inability of Trustee to find any Permitted Investment to yield specified Return — Form of Order made — Public Trust Office Act, 1908 , s  34 .