VALUE OF PROPERTY
A TESTATOR’S WISHES. APPLICATION BY TRUSTEES. (By' Telegraph.—Press Association.) WELLINGTON, Monday. “When a testator says his property i=, not to he sold until if reaches such-and-such a price he is looking a long way ahead, and one hesitates before making an order for the -properly to he sold for considerably less,” said the Chief Justice in the Supreme Court. The trustees of Alexander Ilalrick, of Wanganui arc seeking acceptance of an offer for the warehouse freehold of Taupo Quay. Wanganui, whieh Ihe testator has directed not to be sold for less than 1)30,000. dive testators children, life lonants under Hie will. have, consented to Ihe order. His Honour remarked that the offer was something- like a fourth of testator's figure- The trustees were asking I lie court to go a tremendous way further than any reported case had ever gone. The order would become a precedent. Judgment was reserved.
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Bibliographic details
Waikato Times, Volume 107, Issue 17996, 15 April 1930, Page 9
Word Count
152VALUE OF PROPERTY Waikato Times, Volume 107, Issue 17996, 15 April 1930, Page 9
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