(1)The Lord Chancellor shall, with the concurrence of the Treasury, make rules for carrying into effect the objects of this Act, and in particular for all or any of the following purposes (that is to say):—
(a)establishing the office of public trustee and prescribing the trusts or duties he is authorised to accept or undertake, and the security, if any, to be given by the public trustee and his officers :
(b)the transfer to and from the public trustee of any property:
(c)the accounts to be kept and an audit thereof :
(d)the establishment and regulation of any branch office :
(e)excluding any trusts from the operation of this Act or any part thereof:
(f)the classes of corporate bodies entitled to act as custodian trustees:
(g)the form and manner in which -notices under this Act shall be given.
(2)Every rule under this Act shall be laid before each House of Parliament forthwith, and, if an address is presented to His Majesty by either House of Parliament, within the next subsequent thirty days on which the House has sat next after any such rule is laid before it, praying that the rule may be annulled, His Majesty in Council may annul the rule, and it shall thenceforth be void, but without prejudice to the validity of anything previously done thereunder.
(3)If the rules require a declaration to be made for any purpose, a person who makes such declaration knowing the same to be untrue in any material particular, shall be guilty of a misdemeanour.
In this Act, unless the context otherwise requires,—
the expression " court " means the High Court and, as respects trusts within its jurisdiction, the county court :
the expression " letters of administration " means letters of administration of the estate and effects of a deceased person, whether general or with a will annexed, or limited either, in time or otherwise :
the expression " trust " includes an executorship or administratorship ; and the expression " trustee " shall be construed accordingly; and the expression " trust .property" shall include all property in the possession or under the control wholly or partly of the public trustee by virtue of any trust:
the expression " private trustee " means a trustee other than the, public trustee :
the expression " expenses " includes costs and. charges :
the expression " prescribed " means prescribed for the time being by rules under this Act:
other expressions have the same meaning as in the Trustee Act, 1893.
This Act shall come into operation on the first day of January one thousand nine hundred and eight.
(1)This Act may be cited as the Public Trustee Act, 1906.
(2)This Act shall not extend to Ireland or Scotland.