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12. Now to merits, for a proper appraisal of which, what is needed first and foremost is a clear understanding of the original deed of trust bearing date January 20, 1932, exhibit C, in so far as it is necessary for the point at issue: the point of the trustees' power to make a mortgage, in the litigation on hand. Here is an analysis of its terms with that end in view, and under suitable headings too;

A. By and between whom.

Modhoo Sooden Sain is of the one part, the first part. The said Modhoo Sooden Sain and his son Moti Lall Sain, the two trustees, are of the other part, the second part. There is the usual interpretation clause for the expression "trustees"--an expression which includes the survivor of them, executors, administrators, etc. B. What the trust deed conveys "irrevocably" by way of settlement, in so far as it is material for the purposes of the case on hand.

18. In order to follow such a debate, what exactly the proviso, where the controversial words "for such purpose" occur, provides for, must be grasped. It consists of two parts . The first part clothes the trustees with the power to vary from time to time, with the consent of Modhoo Sooden, the settlor, during his lifetime, and thereafter only with the consent of his son, Moti Lall, the investments herein referred to. Now, what are the investments herein referred to, that is referred to in the deed of trust? Two types of investments are there to be seen. The first type is investment of sale-proceeds of "116" in moveables and immovables in and around Calcutta, in the event of Bale thereof, namely, "116", to Sreelal Chamaria being completed. [See paragraph 12 ante under the caption: D. Powers of trustees.] The second type is investment.