Bishop Tyrrell Trust Act Amendment Act 1927 (NSW)

Bishop Tyrrell Trust Act Amendment Act.

BISHOP TYRRELL TaivustT ACT | AMENDMENT ACT.

An Act to amend the Bishop Tyrrell Trust Act; and to amend the Bishop Tyrrell Trust Act Amendinent Act, 1918, and te amend the Bishop Tyrrell Trust Act Amendment Act, 1928, in certain particulars; to provide for the alteration of one of the trusts; and for other purposes therein mentioned. [Assented to, Ist March, 1927. }

Ww nness an Act of Parliament intituled " Bishop

Tyrrell Trust Act" (hereinafter called the Principal Act) was passed in the year one thousand nine hundred and ten, varying the trusts deciared in the will of The Right Ueverend William Tyrrell, Doctor of Divinity, the Bishop of Newcastle in the State of New South Wales, and extending powers uf managing lands held under such will and for other purposes in the said Act mentioned: And whereas by an Act of Parliament intituled " Bishop Tyrrell Trust Act Amendment Act, 1915," passe. in the year one

thousand nine hundred and eighteen, and by a further

Act of Parliament intituled " Bishop Tyrrell Trust Act Amendment Act, 1923," passed in the year onc thousand nine hundred and twenty-three, the Principal Act was amended in certain particulars and provisions were made for the creation of additional trusts and to grant certain extended powers to the Syned of the Diocese of Newcastle and to The Trustees of Church Property for the Diocese of Newcastle (heremafter called the " Cor- porate 'Trustecs '): And whereas the Corporate Trustees have with the approval of the Synod of the said Diocese invested the sum of thirty thousand pounds and upwards porticn

George V,

Preamble,

George V.

Short title.

Amendment

of Act, 1918,

sec, 2.

Bishop Tyrrell Trust Act Amendment Act.

portion of the moneys subject to the said Trust in the purchase of certain lands in the City of Newcastle, and in the erection of buildings thereon: And whereas doubts have arisen as to the power of the Corporate Trustees to make the said investment: And whereas the Diocese of Newcastle has not declared its desire to have the benefit of the Church of England Trust Property Act, 1917: And whereas doubts have arisen as to the power of Synod of the said Diocese to obtain the benefit of the said Act as to the trust property matters and things the subject of the trusts of the said will and the Principal Act, and the Acts amending the same: And wheveas it is expedient that certain of the trusts of the Principal Act and the Acts amending the same should be altered, and that the Corporate Trustees should hold the Trust property upon the trusts declared by the said Acts and tls Act in lieu of the trusts declared by the said Acts: And whereas it is expedient that the Corporate 'lrustees should have additional powers of investment and that extended powers should be granted to the Synod of the Diocese of Neweastle and to the Corporate Trustees: And whereas the provisions of this Act have been approved by an Ordinance of the Synod of the said Diocese: And whereas the objects of this Act cannot be carried out without the provisions of an Act of Parliament in that behalf: Be it therefore enacted by the King's Most Excellent Majesty by and with the advice and consent of the Legislative Council and Legislative Assembly of New South Wales in Parlia- ment assembled by and with the authority of the same as follows :—