APPEAL COURT.
AN INTERESTING DECISION. By Telegraph.—Press Association. Wellington, Nov. 39. An interesting judgment, in which some £40,000 are involved, was delivered by the Appeal Court this morning in the case of Brown and others v. Knowles, respecting the validity of the following trust in the will of the late E. W. Knowles, of Napier:—"ln trust for sucb charitable, benevolent and religious institutions, associations, and objects as they (the trustees) in their uncontrolled discretion shall select." The majority of the Court, Justices Denniston, Edwards, Cooper and Chapman, with Sir Robert Stout dissenting, held that the trust, being for benevolent purposes, was not necessarily a trust for charitable purposes, and was therefore void. The result of the judgment is that the residuary estate goes on as an intestacy to the widow and daughter of the testator.
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Taranaki Daily News, 20 November 1915, Page 7
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135APPEAL COURT. Taranaki Daily News, 20 November 1915, Page 7
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