It is hoped that this article, which must be anonymous, will convey to students the nature of practical problems which had to be faced in dealing with one particular trust fund. In order that the transaction may not be readily identifiable, figures and dates have been altered, but not so as to affect the story materially.

In dealing with reversionary interests, the attention of the student is usually confined to the type of interest derived under personalty trusts, and he may not always be aware of the interesting problems that can arise in dealing with trusts to which the Settled Land Acts apply. Accordingly, in this article, it is proposed to describe some of the interesting points which lay behind one particular purchase of a reversionary interest in Settled Land.