Why should an infant who is interested in land be better off than one who is interested in personalty?
Take a moderate estate of £30,000 of settled land and £7,000 personalty.
The yield from personalty is very much larger than the yield from realty, because the land of this country is only of a limited size.
In 1894 an attempt was made to put the same duty on personalty and realty, but relief was given in the case of settled property.
It is unequal as between the same classes of property, and it is utterly unequal as between realty and personalty.
The real grievance is, and always has been, the difference between realty and personalty.
The purpose of the clause is to apply the perpetuity rule to possibilities of reverter and analogous interests in personalty.
Why should not that apply to personalty as well?
