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Court of Appeal Wellington
10, 11 March; 30 April 1971
North P and Turner.
10, 11 March; 30 April 1971
North P and Turner.
Wills — Construction — Rule against accumulations — Discretionary trust of income — "Unapplied income" added to capital — Implied direction to accumulate — Excessive accumulations beyond limit void — Accumulations Act 1800.
Wills — Perpetuities — Restriction of accumulation — Effect of excessive accumulations — Void — Accumulations Act 1800.