A LEGAL KNOT.
Some curious legal questions occasionally crop up at meeting's of creditors under the bankiuptcy law! There was; a question of this kind discovered be-' foi'e the Official Assignee at a meeting of creditors m thee&tate of W. H. Hamilton, grocer, Parnell. The debtor has a beneficiary interest; iii ■ a testamenUvy estate (100 acres) of fee simple m the North of Island. It was shown that the tenant right interest m that estate would be abouib £1000. The fee simple itself was estimated to be: worth £2000. But owing to -the 'disturbed state' of the country the fee simple cannob be sold. The tenant right interest m the adjoining 100 acres was Isold a few months since for £1000. So much for the benefit which the British Parliament has given to : the Irish tenant I His tenant right interest! is equal to half the fee simple, and he can lealise, while the fee simple cannot be sold without great loss to the owner:
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Bibliographic details
Manawatu Standard, Volume IV, Issue 73, 25 February 1884, Page 2
Word Count
165A LEGAL KNOT. Manawatu Standard, Volume IV, Issue 73, 25 February 1884, Page 2
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