Ramanathan Chetti vs Murugappa Chetti on 12 August, 1903
It is important to note that the Privy Council did not say that the decision in Ramanathan Chetti v. Murugappa Chetti (1906) 16 M.L.J. 265 : 33 I.A. 139 : I.L.R. 29 Mad. 283 (P.C.) was inapplicable to public trusts. All that their Lordships said was that it was " unnecessary to decide that point" as they rested their actual decision on the peculiar nature of the endowment before them. It follows that the provisions made an the scheme under consideration that each hereditary trustee should act as a managing trustee in rotation for two years is valid.