In re Robertson Davys v Cupples - [1952] NZLR 550

Trusts and Trustees — Duties of Trustees — Thermal Springs Crown Lease part of Residuary Estate — Property therein specifically bequeathed and not subject to Trust for Conversion — Successive Life Tenants entitled to Income therefrom — Non-application of Rule in Howe v Dartmouth — Duty of Trustees in respect of Proceeds of Freeholding — Investment in Purchase of Annuity having Same Period to run as Unexpired Term of Lease — Annuity to be paid to Tenants for Life during Respective Lives and thereafter to Remaindermen.