WRIGHT WILL CASE

Sun (Auckland), Volume I, Issue 268, 2 February 1928, Page 13

WRIGHT WILL CASE

THE POWER OF ATTORNEY JUDGMENT FOR BANK OF N.Z. Press Association. CHRISTCHURCH, Wednesday. Mr. Justice Adams to-day delivered an interim judgment as an aftermath of the Wright-Morgan ease in relation to the trusts of the will of E. G. Wright decided by the Privy Council. The present case arose out of a power of attorney given by Mrs. E. E. Roberts, a daughter of Wright to her mother. The elfect of the judgment is in favour of the Bank of New Zealand in regard to the deeds connected with the estate case which was heard on December 12. The judge dealt with the evidence of the interviews between Mrs. Wright and officers of the bank, which led up to the execution of the power of attorney by Mrs. Roberts and of the deed of confirmation in purported exercise of the power thereby given to Mrs. Wright. His Honour said he found that there was a full disclosure on the part of the bank. It had been urged that the motive actuating Mrs. Wright throughout was her desire to save her son, Douglas Wright, from bankruptcy, and that that was known to the bank. No doubt Mrs. Wright did desire to save her son, but to His Honour’s mind there was as little doubt that she was actuated by a strong desire to protect all beneficiaries from the loss which would have resulted from a forced sale of trust properties under powers vested in the bank by its registered mortgage.