212728-1934-Supplementary-Draft-Bills--Exchanges-Trustee-Defence-Contribution-Amendment-Births-and-Deaths-Registration — Page 38

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(o) to acquire and undertake the whole or any part of the business of any person or company of a like nature to any business which a Trust Company is authorised to carry on and in consideration for such acquisition to under- take all or any of the liabilities of such person or company and to issue shares to such per- son or company.

(p) to do all such other things as are incidental or conductive to the attainment of the before- mentioned objects or any of them.

(2) Nothing in this section shall be construed to authorise any Trust Company to engage in the busi- ness of banking or of insurance or the business of a deposit, provident or benefit society.

(3) No Trust Company shall carry on any business or execute any office other than the businesses or offices included in the objects set out in sub-section (1).

83. If at any time a Trust Company shall be Trust appointed executor of the will of any testator, it shall Company be lawful for the company to apply to the court for may act as probate of the will and if probate be granted, to exer- executor. cise and discharge all the powers and duties of an

executor.

84.-(1) If and whenever any person shall be en- Trust titled to apply for probate of the will of any testator Company without leave being reserved to any other person to to apply apply for probatc, it shall be lawful for such person, or adminis- for probate whether absent from the Colony or not, and notwith- tration. standing the provisions of any other enactment, in- stead of himself applying for such probate, to authorise a Trust Company to apply to the court for a grant of administration with the will annexed of the estate of such testator, and such grant may be made to the Trust Company upon its own application, when so authorised, but the provisions of this section shall not apply to any case in which a will provides that a company shall not act as executor or in the trusts thereof.

(2) If and whenever any person shall be entitled to apply for letters of administration with the will of any testator annexed of the estate of such testator, it shall be lawful for such person, whether absent from the Colony or not, and notwithstanding the provisions of any other enactment, to authorise a Trust Company, either alone, or jointly with any other person, to apply to the court for a grant of letters of administration with the will annexed of the estate of such testator, and such grant may be made to the company upon its own application when so authorised, but the provisions of this section shall not apply to a case in which a will provides that a company shall not act as executor, or in the trusts thereof,

(3) It shall be lawful for any person or persons en- titled to apply for administration of the estate of any intestate, whether such person or persons be absent from the Colony or not, and notwithstanding the pro- visions of any other enactment, to authorise a Trust Company to apply to the court for such letters of ad- ministration, either alone or jointly with any other person, and administration of the estate of any such intestate may be granted to the company either alone or jointly as aforesaid, upon its own application, when so authorised.

(4) For the purposes of any application to the court for letters of administration to the estate of any de- ceased person, the court shall consider a Trust Com- pany, when authorised as aforesaid, to be in law en- titled, equally with any other person or class of per-