Seamen's Fund Winding-Up Act, 1851

Provision for distinguishing between general property of fund, and property held upon special trusts.

17. If in any case a question arises whether any monies and property in the possession or power of the said president and governors or trustees are, under the provisions herein contained, applicable to the general purposes of the fund or to such special or local purposes as aforesaid, and any arrangement for settling such question is agreed to by such president or governors or trustees, (as the case may be,) and is approved of by the Board of Trade as a fair and proper arrangement, such monies or property shall be applied in pursuance of such arrangement; and such application shall not be deemed to be a breach of trust.