Trustee Companies Act 1966 (ACT)

The parties involved in the case were the Trustee Companies Ordinance 1947-1966 and Family Executors and Trustees Limited. The dispute centred on the interpretation of the Trustee Companies Ordinance 1947-1966, specifically the amendment made by the Trustee Companies Ordinance 1966, which aimed to add Family Executors and Trustees Limited to the First Schedule of the 1947-1965 Ordinance. The matter was brought before the court to determine the validity and effect of this amendment.

The primary legal issue was whether the amendment to the Trustee Companies Ordinance 1947-1966, which sought to include Family Executors and Trustees Limited in the list of approved trustee companies, was validly enacted and whether it effectively achieved its intended purpose. The court needed to assess the legislative process and the precise wording of the amending Ordinance to determine if it was correctly applied and if the amendment was effective.

In its reasoning, the court examined the legislative framework and the statutory language of the Trustee Companies Ordinance 1966. It determined that the amendment process adhered to the necessary legal procedures and that the language used in the 1966 Ordinance was clear and unambiguous in its intent to add Family Executors and Trustees Limited to the schedule. The court concluded that the amendment was validly enacted and that it effectively achieved its purpose of including the specified company in the list of approved trustee companies. Consequently, the amendment was upheld as legally sound and enforceable.

The final orders of the court confirmed that the Trustee Companies Ordinance 1966 was validly enacted and that Family Executors and Trustees Limited was duly added to the First Schedule of the Trustee Companies Ordinance 1947-1966. The court's decision provided clarity on the legislative amendment and resolved the dispute regarding the inclusion of the company in the approved list.