147. Limited owners with express powers to mortgage.

147.     Limited owners with express powers to mortgage.

Express power to mortgage may be conferred on the trustees of a settlement, or on a limited owner under the settlement, if it is considered that the statutory powers1 do not go far enough2. In order to prevent conflict between the powers of the limited owner and the trustees, it is, however, provided that any power conferred on the trustees must in general be exercisable by the limited owner as if it were an additional power conferred on him and not otherwise3, and must be exercisable