Auditors; Their Duties and Responsibilities Under the Companies Acts and Other Acts of Parliament

Auditors; Their Duties and Responsibilities Under the Companies Acts and Other Acts of Parliament

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1901 edition. Excerpt: ... Testator directed the whole of the income of stocks, out of which his wife was entitled to an annuity, should-be paid to her during widowhood. It was held that he had expressly stipulated, within the meaning of Section 7, that the Apportionment Act should not apply.--In re Meredith. Stone v. Meredith 1898 W.N. 48 (2). The Trustee Act, 1893. (56 & 57 Viet., c. 53.) 22nd September, 1893. Authorined 1. A Trustee may. unless expressly forbidden by the Investments.., .f.. i instrument (it any) creating the trust, invest any trust funds in his hands, whether at the time in a state of investment or not, in manner following, that is to say: The funds of a Benefit Building Society invested in the name of the Society, or in the names of Trustees who have no power of investment independently of the Act, are not "Trust Funds " within this Section.--In re National Permanent Mutual Benefit Building Society, 43 Ch. D. 431. (a.) In any of the Parliamentary Stocks or Public Funds or Government Securities of the United Kingdom: "Public Securities" have heen distinguished from "Government Securities."--Sampayo v. Gould, 12 Sim. 435. ( .) On Real or Heritable Securities in Great Britain or Ireland: It is a breach of trust for Trustees, having the ordinary power to invest on " Real Securities," to invest on a contributory mortgage in the absence of an express authority.--Webb v. James, 39 Ch. D. 660. Trustees are not justified in advancing trust moneys on a second mortgage--Drosier v. Nelson, W.N. 1876, 225--or on mortgages of leaseholds.--CKennell, 8 Ch. D. 492. (c.) In the Stock of the Bank of England or the Bank of Ireland: (rf.) In India Three and a-Half per cent. Stock and India Three per cent. Stock, or in any...show more

Product details

  • Paperback | 146 pages
  • 189 x 246 x 8mm | 272g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236590600
  • 9781236590602