(1)Where trusts declared before the seventeenth day of December, nineteen hundred and fifty-seven, required or purported to require property to be held for the purpose of activities which are social welfare activities within the meaning of the M1Miners’ Welfare Act 1952 and at that date the whole or part of the property held on those trusts or of any property held with that property represented an application of moneys standing to the credit of the miners’ welfare fund or moneys provided by the Coal Industry Social Welfare Organisation, those trusts shall be treated as if they were and always had been charitable.
(2)For the purposes of this section property held on the same trusts as other property shall be deemed to be held with it, though vested in different trustees.
Marginal Citations