Stevens v Dalrymple - [1928] NZLR 93

Will — Construction — Direction for Conversion of Residuary Estate — Power to postpone Conversion — Income pending Conversion subject to Trusts as to Capital — Agreement by Beneficiaries to vary Will by dividing Estate equally — No Reconversion effected thereby — Remuneration to Trustees of "6 per Cent. of all Moneys received paid away or expended in respect of my Residuary Estate" for Administration of Trusts in respect thereof — Trustees allowed Commission on both Capital and Income — Claim to Commission on Moneys both on its Receipt and Disbursement not allowed — Trustees successfully defending Action for their Removal by Beneficiaries not entitled to Difference between Party-and-party and Solicitor-and-client Costs out of Estate.