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High Court Wellington
23 February; 12 March 1971
Moller J
23 February; 12 March 1971
Moller J
Wills — Legal incidents of gift by will — Abatement — Annuity directed to abate if income in any one year insufficient — Annuity not charged upon accumulations of surplus income.
Revenue — Rent charges and annuities — Annuities — Rights as to property charged — Capital or income.
Charities — Charitable trusts — Rule against perpetuities — Rule against accumulations not applicable to charities where surplus income given to charities.