the memory of his late wife to be used for the construction /improvement of
words used, be construed in one of 3 ways:
members of the UA at time of gift as joint tenants.
to members of the UA at time of gift subject to their contractual rights and
liabilities towards one another as members.
time but to be held on trust for purposes of UA.
sever his share – accrues to other members on his death / resignation.
(i) was impossible.
prescribed purpose, there seems to me to be the strongest reason in common
sense for saying that the gift should be an absolute one’
theory – even though disposition intended to be a trust, it was construed as an