Re Clothier (Deceased) - [1970] NZLR 687

Wills — Construction — Rule against accumulations — Residuary estate subject to annuity and discretionary trust — Surplus income — Whether retentions offend Thellusson Act — Disposition of surplus — Accumulations Act 1800 — Perpetuities Act 1964, s. 21 (4).

Wills — Perpetuities — Restriction of accumulation — Annuity and discretionary trust — Disposition of surplus income — Accumulations Act 1800 (Thellusson Act) — Perpetuities Act 1964, s. 21(4).