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and Codicils
Paul Chater,
13. I DECLARE that my Trustees shall be at liberty if they so think Probate of fit to appropriate and set apart out of my residuary estate investments represent- The Will ing such a capital fund as shall at the time of appropriation be sufficient to of Sir produce the annual sums directed to be paid by Clause Five of this my Will Catchick with such a liberal margin for contingencies as in the opinion of my Trustees deceased. shall be sufficient And I declare that when such appropriation has been made the (Continued) said annual sums shall be wholly charged on the investments so appropriated in exoneration of the rest of my estate but that the capital of such appropriated investments may be resorted to in case at any time the income thereof is in- 10 sufficient to pay any such aunual sum or sums And I further declare that on the cesser of any of such annual sums such part of the appropriated investments as shall not in the opinion of my Trustees be required for the payment of the other annual sum or sums for the time being payable under the trusts of this my Will shall revert to and form part of my residuary estate and that any surplus income arising from the appropriated investments shall be applied as income of my residuary estate.
14.
ANY annuity hereby or by any Codicil hereto given to a female shali be for her separate use without power of anticipation during any coverture.
15. IF any of the said annuitants shall commit permit or suffer any act 20 default or process whereby but for this present provision the said annuity hereinbefore bequeathed to such annuitant or any part thereof would become vested in or payable to any other person or persons then such annuity shall im- mediately thereupon absolutely cease and determine as if such annuitant were dead.
16. NOTWITHSTANDING any rule of law or equity to the contrary my funeral and testamentary expenses and debts inclusive of the interest on such debts which may have accrued due from me at the date of my death shall be paid out of the corpus or capital of my estate to the exclusion of any rents profits or income accruing from or in respect of my estate from and after my 30 death and no part of the rents profits or income of my estate accruing from and after my death shall be applied in payment of my funeral or testamentary expenses or debts or the interest thereof except any interest accruing due from my estate from and after my death nevertheless I empower my Trustees in case it should be deemed proper or expedient so to do whether for convenience in making out the accounts of my estate or otherwise to modify the rule lastly hereinbefore laid down by me to any extent and in any manner they may think fit.
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17. MY TRUSTEES shall have the following powers without any restriction and without responsibility for loss :—
(a) To let or agree to let for such rent and period and upon such terms and conditions as they may think fit or cultivate any real or leasehold property forming part of my residuary estate and to accept surrenders of leases or tenancies and generally manage the property according to their absolute discretion.
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