#THE SIR JAMSETJEE JEJEEBHOY BARONETCY ACT, 1915 
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##ARRANGEMENT OF SECTIONS 
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SECTIONS 

1. Short title. 
  Commencement. 
2. Repeal of Act XX of 1860. 
3. The Commissioner for the Northern Division, the Accountant-General, and the Collector of 
  Bombay to be a Corporation for execution of the Trusts of this Act. 
4. Present Baronet to continue to bear, and all future Baronet to take, names of First Baronet. 
5. Government Promissory Notes of a certain nominal value vested in Trustees. 
  On trust to re-invest if paid off. 
  and to pay income to present Baronet for his life. 
  and after death of present Baronet to pay income to Baronet for time being. 
  with ultimate trust for Second Baronet, his executors, administrators and assigns. 
6. Powers of investment. 
7. Prohibition against varying investments without consent of person entitled to income. 
8. Power to Baronet for the time being to purchase land to erect a Mansion House thereon. 
  and to purchase land with a house thereon, and to pull the house down, and erect another, or to 
    enlarge, alter or add to house thereon. 
9. Power to trustees to sell securities to produce funds to pay for land, etc. 
  Proviso that total sum raised shall not exceed Rs. 2,25,000. 
10. Power to Baronet for the time being to sell Mazngon Castle. 
11. Power to Trustees to apply proceeds of sale Mazagon Castle, not exceeding Rs. 2,75,000 in 
  paying for land purchased and for erecting Mansion House thereon, etc. 
12. Settlement of Mansion House, etc., in support of Baronetcy. 
13. Saving of rights of persons interested in reversion or remainder in Mazagon Castle on sale 
  thereof. 
14. Declaration of Trusts as to surplus proceeds of sale of Mazagon Castle over and above the sum of 
  Rs. 2,75,000. 
15. Power to Trustees to invest the surplus annual interest and income of the Trust Fund and premises 
  during the minority of any Baronet etc. 
16. Provision in case of refusal or discontinuance of names of First Baronet. 
17. Baronet in possession may jointure. 
18. Limit of aggregate of jointure payable contemporaneously. 
19. Mansion House and hereditaments not to be subject to joiuture. 
20. Alienation prohibited during the Baronetcy. 
21. Power to augment the funds and securities subject to the Settlement, provided that total amount of 
  funds subject to the Settlement shall not exceed fifty lakh. 
22. Provision as to insurances of Mazagon Castle, and other house or buildings purchased in lieu 
  thereof. 
23. Directions for keeping Mazagone Castle, and other houses or buildings purchased in lieu thereof, 
  in repair. 
24. Power to Trustees to sell land subject to Settlement. 
25. Directions as to how sale may be made. 
26. Direction as investment of proceeds of sale of lands. 
27. Declaration of Trusts as to investments of proceeds of sale of lands. 
28. Power to Baronet for the time being to enter into arrangement with Government as to land-
  revenue payable in respect of land purchased under section 8. 
29. Indemnity of Trustees. 
30. General saving clause. 



#THE SIR JAMSETJEE JEJEEBHOY BARONETCY ACT, 1915 

##ACT NO. 10 OF 1915 

[8th September, 1915.] 

An Act for repealing Act No. 20 of 1860 entitled An “Act for settling Promissory Notes of the 
  Government  of  India,  producing  an  annual  income  of  one  lakh  of  rupees  and  a  Mansion 
  House and hereditaments called Mazagon Castle, in the Island of Bombay, late the property 
  of Sir Jamsetjee Jejeebhoy, Baronet, deceased, so as to accompany and support the title and 
  dignity of a Baronet, lately conferred on him and the heirs male of his body, by Her present 
  Majesty Queen Victoria, and for other purposes connected therewith,” and for resettling the 
  said Promissory Notes, Mansion House and hereditaments and for other purposes connected 
  therewith. 

  WHEREAS by Letters Patent of Her late Majesty Queen Victoria, by the Grace of God of the United 
Kingdom of Great Britain and Ireland Queen, Defender of the Faith, dated at Westminster on or about the 
6th day of August in the 21st year of Her said late Majesty’s reign, and by Warrant under Her said late 
Majesty’s  sign-manual,  Her  said  late  Majesty  made  known  that  she,  of  her  special  grace,  certain 
knowledge and mere motion had erected, appointed and created Sir Jamsetjee Jejeebhoy, then of Bombay, 
Knight, but then deceased (a man eminent for family inheritance, estate and integrity of manner), to and 
into the dignity, state, and degree of a Baronet, and him, the said Sir Jamsetjee Jejeebhoy for Her said late 
Majesty,  her  heirs,  and  successors,  she  did  erect,  appoint,  constitute  and  create  a  Baronet,  by  the  said 
Letters  Patent,  to  hold  to  him  and  the  heirs  male  of  his  body  lawfully  begotten, and to  be  begotten  for 
ever: 

  And  whereas  in  fulfilment  of  an  engagement  in  that  behalf  made  with  Her  said  late  Majesty’s 
Government,  during  the  lifetime  of  the  said  Sir  Jamsetjee  Jejeebhoy,  deceased,  the  said  Sir  Jamsetjee 
Jejeebhoy was desirous of settling in perpetuity such property on himself and the heirs male of his body 
who  might  succeed  to  the  said  Baronetcy,  as  should  be  adequate  to  support  the  dignity  of  the  title 
conferred on him and them as aforesaid: 

  And  whereas  the  said  Sir  Jamsetjee  Jejeebhoy  was  seized  of  a  Mansion  House  and  hereditaments 
situate in the Island of Bombay called Mazagon Castle, and had an absolute estate of inheritance therein, 
and  was  desirous,  in  fulfilment  of  the  aforesaid  engagement,  of  settling  Promissory  Notes  of  the 
Government of India, producing an annual income of one lakh of rupees and the said Mansion House and 
the purposes in the said Act No. 20 of 1860 limited and declared, concerning the same respectively: 

  And  whereas  the  said  Sir Jamsetjee Jejeebhoy  was  also  desirous that  the  heirs  male  of  his  body  to 
whom the said title and dignity of Baronet should descend, should take and bear the names of “Jamsetjee 
Jejeebhoy,” in lieu of any other name or names whatever which they respectively might bear at the time 
of such descent on them respectively; and he was also desirous that the Revenue Commissioner for the 
Northern  Division  of  the  Presidency  of  Bombay,  the  Accountant-General,  and  the  Sub-Treasurer  at 
Bombay, for the time being should be Trustees for the aforesaid Promissory Notes, and be likewise the 
Trustees for carrying into execution the general purposes and powers of the said Act No. 20 of 1860, with 
relation to the same securities, and also with relation to the same Mansion House and hereditaments: 

  And whereas the said Sir Jamsetjee Jejeebhoy departed this life on the 14th day of April, 1859, before 
the aforesaid engagement with Her said late Majesty’s Government was carried out on his part, and by 
Will, dated the 9th day of April, 1853, duly signed and executed by him, gave and devised the residue of 
his  estate,  houses,  lands,  securities,  moneys  and  effects,  to  and  amongst  his  sons  Cursetjee  Jamsetjee, 
Rustomjee Jamsetjee, and Sorabjee Jamsetjee, and appointed his wife Avaboye and his said three sons, 
the  executrix  and  executors  of  his  said  Will;  and  the  said  Will  was  duly  proved  by  the  said  Cursetjee 
Jamsetjee, Rustomjee Jamsetjee and Sorabjee Jamsetjee alone: 

  And  whereas  on  the  death  of  the  said  Sir  Jamsetjee  Jejeebhoy,  the  said  title  or  dignity  of  Baronet, 
created by Her Majesty’s said Letters Patent, devolved on and became and was at the date of the passing 
of the said Act No. 20 of 1860 vested in the said Cursetjee Jamsetjee, as the eldest son and heir male of 
the body of the said Sir Jamsetjee Jejeebhoy, deceased: 

  And  whereas  the  said  Cursetjee  Jamsetjee,  the  second  Baronet,  Rustomjee  Jamsetjee,  and  Sorabjee 
Jamsetjee, as the sons, residuary legatees and Executors of the said Sir Jamsetjee Jejeebhoy, first Baronet, 
deceased,  and  the  said  Avaboye,  being  then  the  Dowager  Lady  Jejeebhoy,  as  Executrix  of  the  said  Sir 
Jamsetjee Jejeebhoy, first Baronet, deceased, in fulfilment of the engagement so as aforesaid entered into 
by  the  said  Sir Jamsetjee Jejeebhoy,  first  Baronet,  deceased,  with  Her said  late Majesty’s  Government, 
were  desirous  of  settling  the  said  Government  Promissory  Notes  and  the  said  Mansion  House  and 
hereditaments  so  as  aforesaid  agreed  to  be  settled  by  the  said  Sir  Jamsetjee  Jejeebhoy,  first  Baronet, 
deceased, for the purpose of supporting the dignity of the said Baronetcy, to the uses upon the Trusts, and 
for the purposes in the said Act No. 20 of 1860 limited and declared concerning the same respectively: 

  And  whereas  the  said  Dowager  Lady  Jejeebhoy  was  desirous  that  the  said  Mansion  House  and 
hereditaments called Mazagon Castle, with their rights, members and appurtenances should be released, 
exonerated,  and  discharged  from  her  right,  or  title  (if  any)  to  dower  or  thirds,  and  every  other  right, 
interest, or estate whatsoever which she, the said Dowager Lady Jejeebhoy, might have or claim to have 
in the said premises under any custom or law of the Parsees, or otherwise howsoever: 

  And  whereas  in  order  to  give  effect  to  the  aforesaid  purposes,  the  said  Act  No.  20  of  1860  was 
passed,  and  by  the  said  Act  it  was  inter  alia  enacted  that  the  Revenue  Commissioner  for  the  Northern 
Division  of  the  Presidency  of  Bombay,  the  Accountant-General,  and  the  Sub-Treasurer  at  Bombay, 
should,  for  the  purposes  of  the  said  Act,  be  a  Corporation;  and  that  such  Revenue  Commissioner, 
Accountant-General,  and  Sub-Treasurer,  should  be,  and  they  were  thereby  constituted,  as  such 
Corporation, the Trustees for executing the powers and purposes of the said Act; and that all the powers 
by  the  said  Act  vested  in  such  Revenue  Commissioner,  Accountant-General,  and  Sub-Treasurer,  as 
Trustees for the purposes of the said Act, should be exercised by the persons for the time being acting as 
such  Revenue  Commissioner,  Accountant-General,  and  Sub-Treasurer;  and  that  immediately  from  and 
after  the  passing  of  the  said  Act,  Promissory  Notes  of  the  Government  of  India,  producing  an  annual 
income of not less than one lakh of rupees should be transferred into the name of the said Corporation, 
who should hold the same upon the trusts and for the purposes in the said Act expressed concerning the 
same (that was to say); upon the trusts in the said Act declared and set forth: 

  And it was also enacted that the said Mansion House and other hereditaments called Mazagon Castle, 
situate  in  the  Island  of  Bombay,  with  their  rights,  members,  and  appurtenances,  of  which  the  said  first 
Baronet was seized to him and his heirs, should by force of the said Act from and immediately after the 
passing thereof, stand limited to the uses in the said Act set forth: 

  And whereas Promissory Notes of the Government of India producing at that time an annual income 
of not less than one lakh of rupees, were, after the passing of the said Act, transferred into the name of the 
said Corporation; and the nominal amount of the Promissory Notes of the Government of India, now held 
by the said Corporation, is rupees twenty-two lakhs, fifty-four thousand and four hundred: 

  And whereas the persons now constituting the said Corporation under or by virtue of the said Act are 
the  Commissioner  for  the  time  being  for  the  Northern  Division  of  the  Presidency  of  Bombay,  the 
Accountant-General of Bombay, and the Collector of Bombay: 

  And whereas under the said Act 20 of 1860 power was granted to the said Corporation to invest the 
Government Promissory Notes so to be transferred into the name of the said Corporation as aforesaid if 
the same should be discharged by the Government of India in or on any stocks, funds or securities of the 
Government of the United Kingdom of Great Britain and Ireland or of the Government of India, and in 
like manner, as often as the same should become necessary, to alter, vary, and change such stocks, funds, 
and securities for others of the same or a like nature: 

  And whereas Sir Jamsetjee Jejeebhoy, the fifth and present Baronet, has represented to the Governor 
General in Council that it is desirable, not only in his own interest, but also in the interest of those who 
may  succeed  him  in  the  Baronetcy,  that  more  extensive  powers  of  investment  should  be  granted to the 
said Corporation: 

  And  whereas  more  extensive  powers  of  investment  have  been  allowed  to  Trustees  of  Settlements 
which are governed by the Indian Trusts Act, 1882 (2 of 1882): 

  And  whereas  it  appears  that  certain  of  the  powers  last  aforesaid  may  safely  be  granted  to  the  said 
Corporation with a view to a higher rate of interest being obtained from the investment of the funds for 
the time being subject to the Trusts of a Settlement effected by this Act: 

  And whereas at the date when the said Act No. 20 of 1860 was passed the locality in which the said 
Mansion House and hereditaments are situate was one of the principal residential localities of Bombay, 
and was healthy, but it has now ceased to be a healthy locality, and the upper classes of the inhabitants of 
Bombay have ceased to reside there: 

  And  whereas  the  said  Sir  Jamsetjee  Jejeebhoy  has  represented  to  the  Governor  General  in  Council 
that he has been advised by his medical adviser and by Sanitary Authorities whom he has consulted that it 
necessary  for  him  to  change  his  place  of  residence  and  to  live  in  a  more  healthy  part  of  the  Island  of 
Bombay, and has also represented that, by reason of the present unhealthiness of the locality, future and 
succeeding Baronets, who may succeed to the said title of Sir Jamsetjee Jejeebhoy, will be unable to live 
in  the  said  Mansion  House,  or  on  the  said  hereditaments,  and  therefore  that  it  is  both  desirable  and 
necessary for him to purchase a new residence in a healthy locality in the Island of Bombay, and that, to 
enable him to do this, it is necessary that power should be conferred to sell the said Mansion House and 
hereditaments,  and  also  to  sell  a  portion  of  the  said  securities  to  purchase  a  new  residence  out  of  the 
proceeds of the sale thereof: 

  And whereas the said Corporation, being the Trustees for the time being for executing the powers and 
purposes of the said Act 20 of 1860, have agreed to the above proposals being carried into effect: 

  And whereas all the possible Beneficiaries of the Trust under the said Act now living have agreed to 
the  above  proposals,  with  the  exception  of  those  relating  to  the  sale  of  the  said  Mansion  House  and 
hereditaments: 

  And whereas all the possible Beneficiaries of the Trust under the said Act, with the exception of two 
possible Beneficiaries, have agreed to the said proposals relating to the sale of the said Mansion House: 

  And whereas the objections advanced by and on behalf of the said  two possible Beneficiaries have 
been duly considered by the Governor General in Council and have been overruled: 

  And  whereas it  is  deemed  expedient  to  confer the  said  powers,  and, for  that  purpose  and  for  other 
divers good reasons, it is expedient to repeal the said Act XX of 1860, and to substitute the following Act 
in lieu thereof: 

  It is hereby enacted as follows:— 

1. **Short title.**—(1) This Act may be called “The Sir Jamsetjee Jejeebhoy Baronetcy Act, 1915,” and 

(2) **Commencement.**—It shall come into force at once. 

2. **Repeal of Act XX of 1860.**—The  said  Act  No.  20  of  1860  is  hereby  repealed,  and  the  said 
Promissory Notes of the Government of India, of the nominal value of rupees twenty-two lakhs, fifty-four 
thousand and four hundred, shall henceforth cease to be vested in the Corporation created and constituted 
by the said Act No. XX of 1860, and the Mansion House and other hereditaments, called Mazagon Castle, 
situate  in  the  Island  of  Bombay,  with  their  rights,  members  and  appurtenances,  of  which  the  said  First 
Baronet  was  seized  to  him  and  his  heirs,  shall,  by  force  of  this  Act,  from  and  immediately  after  the 
passing of this Act, either as to the whole or, as the case may be, as to such parts thereof as shall not have 
been sold, transferred, and conveyed under the powers conferred by section 10, stand limited, until such 
time as the same shall have been sold, transferred, and conveyed under the powers conferred by the said 
section 10, to the uses following (that is to say): to the use of the present, that is to say, the Fifth Baronet, 
for and during the term of his natural life, and from and immediately after his decease, to the use of the 
heirs male of the body of Sir Jamsetjee Jejeebhoy, First Baronet, who may succeed to the title of Baronet 
conferred by the said Letters Patent as aforesaid, but as to each one of the said heirs male to the use of 
such heir male during the term of his natural life only, and, upon failure and default of heirs male of the 
body of the said Sir Jamsetjee Jejeebhoy, First Baronet, to whom the said tile and dignity of Baronet may 
descend as aforesaid to the use of the heirs, and assigns for ever of the said Sir Jamsetjee Jejeebhoy, the 
Second Baronet, which ultimate remainder or reversion it shall be lawful for the heirs and assigns of the 
said Second Baronet, at any time or times during the continuance of the said title and dignity of Baronet 
and until there shall be such a failure of heirs male of the body of the said First Baronet as aforesaid, to 
grant, convey, devise, and dispose of by Deed or Will, or by any other assurance or assurances by which 
such an estate in remainder or reversion is capable by law of being conveyed or disposed of. 

3. **The Commissioner for the Northern Division, the Accountant-General, and the Collector of 
Bombay to be a Corporation for execution of the Trusts of this Act.**—The Commissioner for the time 
being for the Northern Division of the Presidency of Bombay, the Accountant-General for the time being 
of Bombay, and the Collector for the time being of Bombay, and the holders for the time being of those 
offices respectively, and likewise the holder or holders for the time being of any one or more office or 
offices which may hereafter be substituted by the Governor in Council of Bombay for any one or more of 
the first mentioned offices, shall be, and they are hereby, created a Corporation with perpetual succession 
and a common Seal under the style and title of “Sir Jamsetjee Jejeebhoy Baronet’s Trustees,” and the said 
Corporation  so  hereby  created  (hereinafter  styled  “the  Corporation”)  are  hereby  constituted,  as  such 
Corporation, the Trustees for executing the powers and purposes of this Act. 

4. **Present  Baronet  to  continue  to  bear,  and  all  future  Baronets  to  take,  names  of  First 
Baronet.**—The present Sir Jamsetjee Jejeebhoy, Fifth Baronet, shall continue to be called by the name of 
“Jamsetjee Jejeebhoy,” and all other the heirs male of the body of Sir Jamsetjee Jejeebhoy, First Baronet, 
to whom the said title and dignity shall descend, pursuant to the limitation of the Letters Patent whereby 
the said dignity was granted, shall take upon themselves respectively the name of “Jamsetjee Jejeebhoy,” 
in lieu and in the place of any other name or names whatsoever ; and the present Baronet, and all such 
other  heirs  male  of  the  said  Sir  Jamsetjee  Jejeebhoy,  First  Baronet,  severally  and  successively  shall  be 
called by the name of “Jamsetjee Jejeebhoy,” and by that name shall name, style, and write themselves, 
respectively, upon all occasions whatsoever. 

5. **Government Promissory Notes of a certain nominal value vested in Trustees.**—Immediately 
from  and  after  the  passing  of  this  Act,  the  said  Promissory  Notes  of  the  Government  of  India,  of  the 
nominal  value  of  rupees  twenty-two  lakhs,  fifty-four  thousand  and  four  hundred,  shall  vest  in  the 
Corporation  who  shall  hold  the  same  upon  the  trusts,  and  for  the  purposes,  and  with  the  powers, 
hereinafter expressed of and concerning the same, that is to say: 

  (a) **On trust to re-invest if paid off.**—Upon  trust,  if  the  same  or  any  part  thereof  should  be 
discharged by the Government of India, to invest the sum or sums paid by the Government of India, 
in discharge of the same or any part thereof, in or upon any stocks, funds, or securities in which they 
are by the provisions of this Act hereinafter authorised to invest the same, and in like manner, as often 
as the same shall become necessary, to alter, vary and change such stocks, funds, and securities for 
others of the same or a like nature; 

  (b) **and to pay income to present Baronet for his life.**— and upon further trust, from time to 
time,  to  pay  and  apply  the  dividends,  interest,  and  annual  income  of  the  said  stocks,  funds,  and 
securities unto and for the benefit of the present Baronet, that is to say, Sir Jamsetjee Jejeebhoy, Fifth 
Baronet, during his natural life ; 

  (c) **and after death of present Baronet to pay income to Baronet for time being.**—and upon 
further  trust,  from  and  immediately after the decease of the said Sir Jamsetjee Jajeebhoy Fifth 
Baronet, to pay and apply the said dividends, interest, and annual income unto and for the benefit of 
the person who, as heir male of the body of the said Sir Jamsetjee Jejeebhoy, First Baronet, shall, for 
the time being, have succeeded to, and be in the enjoyment of, the title of Baronet conferred by the 
said Letters Patent as aforesaid, notwithstanding any rule of Law or Equity to the contrary ; 

  (d) **with ultimate trust for Second Baronet his executors, administrators and assigute.**—and 
upon  further  trust,  upon  failure  and  in  default  of  heirs  male  of  the  body  of  the  said  Sir  Jamsetjee 
Jejeebhoy,  First  Baronet,  to  whom  the  said  title  and  dignity  of  Baronet  may  descend,  to  hold  the 
corpus and also the income of the said Government Promissory Notes, stocks, funds, and securities 
for  the  heirs  and  assigns  forever  of  Sir  Jamsetjee  Jejeebhoy,  the  Second  Baronet,  which  ultimate 
remainder  or  reversion  it  shall  be  lawful  for  the  heirs  and  assigns  of  Sir  Jamsetjee  Jejeebhoy,  the 
Second Baronet, at any time or times during the continuance of the said title and dignity of Baronet, 
and until there shall be a failure of heirs male of the body of the said First Baronet as aforesaid, to 
assign, transfer, bequeath and dispose of by Deed or Will or other assurance or assurances. 

6. **Powers of investment.**—The Corporation shall have power to invest the funds, which are subject 
to the trusts of the Settlement effected by this Act, on the following securities and on no  others:— 

  (a) in Promissory Notes, debentures, stock or other securities of the Government of India, or of 
the United Kingdom of Great Britain and Ireland; 

  (b) in  bonds,  debentures  or  annuities  charged  by  the  Imperial  Parliament,  or  by  an  Act  of 
Legislative Council of the Governor General of India, on the revenues of India; 

  (c) in stock or debentures of or shares in Railway or other Companies, the interest whereon shall 
have been guaranteed by the Secretary of State for India in Council; 

  (d) in debentures or other securities for moneys issued by, or on, behalf of, any municipal body 
under the authority of any Act of a Legislature established in British India, or debentures issued by 
the Trustees  for  the  Improvement  of  the  City  of  Bombay  under  the  City  of  Bombay  Improvement, 
Act, 1898 (Bombay Act 4 of 1898), or debentures issued by the Trustees of the Port of Bombay under 
the Bombay Port Trust Act, 1879 (Bombay Act 6 of 1879), or debentures issued by the Trustees of 
the Port of Karachi under the Local Authorities Loans Act, 1914 (Act 9 of 1914), or other law for the 
time  being  in  force,  or  debentures  issued  by  the  Commissioners  for the  Port  of Rangoon  under  the 
Local Authorities Loans Act, 1914 ( Act 9 of 1914), or the Rangoon Port Act, 1905 (Baronet Act 4 of 
1905). 

  (e) on any other security expressly authorised by any rule which the High Court of Judicature at 
Bombay may, from time to time, prescribe as an investment for trust property consisting of money. 

7. **Prohibition against varying investments without consent of person entitled to income.**—The 
Corporation  shall  not  vary  any  investment  of  the  funds,  subject  to  the  Settlement  effected  by  this  Act, 
without the consent in writing of the person for the time being entitled to the income of the said Funds. 

8. **Power to Baronet for the time being to purchase land to erect a Mansion House there on.**—
The person for the time being entitled to, and in the enjoyment of, the title of Baronet conferred by  the 
said Letters Patent, shall have power, with the written, approval of the Corporation, — 

  (a) **and  to  purchase  land  with  a  house  thereon,  and  to  pull  the  house  down,  and  erect 
another, or to enlarge, alter or add to house thereon.**—to purchase land in any part of the Island of 
Bombay for the purpose of erecting there on a Mansion House and all necessary or suitable accessory 
buildings, and to erect thereon such Mansion House and accessory buildings; 

  (b) to purchase land in any part of the Island of Bombay with a dwelling house standing thereon, 
and either to pull down the said dwelling house and any other building which may be upon the land, 
and  to  erect  upon  the  said  land,  in  lieu  thereof,  a  Mansion  House,  with  all  necessary  or  suitable 
accessory buildings, or to enlarge alter, or add to the building or buildings which may be upon the 
land, when purchased, so as to convert the same into a Mansion House, with all necessary or suitable 
accessory buildings. 

9. **Power  to  trustees  to  sell  securities  to  produce  funds  to  pay  for  land,  etc.**—The Corporation 
shall have power to sell a sufficient portion of the securities upon which the funds, which are subject to 
the Settlement effected by this Act, shall for the time being be invested to produce the sum which shall be 
required for the purpose of paying for any land which may be purchesed by the person for the time being 
entitled  to,  and  in  the  enjoyment  of,  the  title  of  Baronet  conferred  by  the  said Letters  Patent  under  the 
powers conferred by section 8, and for erecting thereon a Mansion House, with the necessary or suitable 
accessory  buildings,  or  for  paying  for  the  purchase  of  any  land  with  a  house  or  other  building  stading 
thereon which may be purchased under the powers conferred as aforesaid, and for pulling down the said 
buildings,  and  erecting  a  Mansion  House,  with  the  necessary  or  suitable  accessory  buildings,  in  liue 
thereof or for altering and adding to such buildings for the purpose of converting the same into a Mansion 
House, with the necessary or sutable accessary buildings, as the case may be: 

**Proviso that total sum raised shall not exceed Rs. 2,25,000.**—Provided that the total sum raised by 
the  Corporation under the power conferred upon them by this section for the sale of the said securities 
above-mentioned shall not exceed two lakhs and twenty five thousand rupees. 

10. **Power to Baronet for the time being to sell Mazngon Castle.**—The person for the time being 
entitled to, and in the enjoyment of, the title of Baronet conferred by the said Letters Patent, shall have 
power, with the written consent and approval of the Corporation, to sell, transfer, and convey freed and 
discharged from all uses and trusts created by this Act, the said Mansion House and other hereditaments, 
called Mazagon Castle, situate in the Island of Bombay, with their rights, members and appurtenances, 
and either in one parcel or in several parcels, and either at one time or from time to time, upon condition 
that the proceeds of sale thereof shall be paid by the purchaser thereof direct to the Corporation. 

11. **Power to Trustees to apply proceeds of sale Mazagon Castle, not exceeding Rs. 2,75,000 in 
paying for land purchased and for erecting Mansion House thoreon, etc.**—The person for the time 
being entitle to, and in the enjoyment of, the title of Baronet, conferred by the said Letters Patent may, 
from  time  to  time,  request  the  Corporation,  in  writing,  to  pay,  out  of  the  proceeds  of  sale  of  the  said 
Mansion House and other hereditaments, called Mazagon Castle, if and when sold, the purchase money of 
any land which may be purchased by the person for the time being entitled to, and in the enjoyment of, 
the said title of Baronet, under the powers conferred by section 8; and all costs, charges, and expenses of, 
and incidental to the purchase and acquisition of the same, and of the conveyance, and assurance of the 
same to the Corporation, and also to pay all costs and expenses of, and incidental to the erection thereon 
of, a Mansion House, with the necessary or suitable accessory buildings, and to pay the purchase money 
of  any land, with a house, or other building, standing thereon, which may be purchased by the person for 
the time being entitled to, and in the enjoyment of, the said title of Baronet, under the powers conferred 
by this Act, and all costs, charges and expenses of, and incidental to, the purchase and acquisition  of the 
same, and of the conveyance, and assurance of the same to the Corporation, and also to pay all costs, and 
expenses of, and incidental to the pulling down of the said buildings, or any of them and of erecting a 
Mansion  House,  with  the  necessary  of  suitable  accessory  buildings,  in  lieu  thereof,  or  of  altering,  and 
adding  to,  such  buildings,  for  the  purpose  of  converting  the  some  into  a  Mansion  House,  with  the 
necessary  or  suitable  accessory  buildings,  as  the  case  may  be,  and  the  Corporation  shall,  upon  such 
request  being  made  as  aforesaid,  make  such  payments  out  of  the  proceeds  of  sale  of  the  said  Mansion 
House and other hereditaments called Mazagon Castle: 

  Provided that the total sum expended by the Corporation, under the powers conferred by this section, 
out of the proceeds of sale of the said Mansion House and other hereditaments, called Mazagon Castle, 
shall not exceed the sum of two lakhs and seventy-five thousand rupees. 

12. **Settlement of Mansion House, etc., in support of Baronetcy.**—All lands and buildings which 
may  be  purchased  by  the  person  for  the  time  being  entitled  to,  and  in  the  enjoyment  of,  the  title  of 
Baronet under the said Letters Patent under the powers conferred by section 8, with their rights, members, 
and  appurtenances  shall  be  conveyed  to  the  Corporation,  and  the  Corporation  shall  hold  the  same,  and 
also all buildings which may be erected thereon under the powers conferred by section 8, upon trust for 
Sir,  Jamsetjee  Jejeebhoy,  Fifth  Baronet,  for  and  during  the  term  of  his  natural  life,  and  from  and 
immediately after his decease, upon trust for the heirs male of the body of Sir Jamsetjee Jejeebhoy, First 
Baronet, who may succeed to the title of Baronet conferred by the said Letters Patent, but as to each one 
of  the  said  heirs  male  upon  trust for  such  heir  male during  the  term  of  his  natural life  only,  and,  upon 
failure and default of heirs male of the body of the said Sir Jamstjee Jejeebhoy, First Baronet, to whom 
the said title and dignity of Baronet, may descend as aforesaid, upon trust for the heirs and assigns of Sir 
Jamsejee Jejeebhoy, the Second Baronet, which ultimate remainder or reversion it shall be lawful for the 
heirs and assigns of the said Second Baronet at any time or times during the continuance of the said title 
and  dignity  of  Baronet,  and  until there  shall  be  such failure  of  heirs  male  of the  body  of  the  said  First 
Baronet to grant, convey, devise and dispose of by Deed or Will, or by any other assurance or assurances 
by which such an estate in remainder or reversion is capable by law of being conveyed or disposed of. 

13. **Saving of rights of persons interested in reversion or remainder in Mazagon Castle on sale 
thereof.**—Any person or persons who shall have lawfully derived from the said Sir Jamsetjee Jejeebhoy, 
Second  Baronet,  any  interest  in  remainder  or  reversion  in  the  said  Mansion  House  and  other 
hereditaments, called Mazagon Castle, contingent upon such failure and default of heirs male of the body 
of Sir Jamsetjee Jejeebhoy, First Baronet, shall, upon such failure and default of heirs male of the body of 
Sir Jamsetjee Jejeebhoy, First Baronet, in the event of the said Mansion House and other hereditaments, 
called Mazagon Castle, having been sold in pursuance of the power in that behalf conferred by section 10 
be  deemed  to  have  a  corresponding  interest  in  the  funds  for  the  time  being  subject  to  the  trusts  of  the 
Settlement effected by this Act to the extent of the amount of the proceeds of sale of the said Mansion 
House  and  other  hereditaments,  called  Mazagon  Castle,  paid  to  the    said  Corporation  in  pursuance  of 
section 10. 

14. **Declaration of Trusts as to surplus proceeds of sale of Mazagon Castle over and  above the 
sum of Rs. 2,75,000.**—The  Corporation  shall  hold  so  much,  if  any  of  the  proceeds  of  sale  of  the  said 
Mansion  House  and other hereditaments,  called  Mazagon  Castle,  if  and  when  sold,  as  shall exceed  the 
sum of two lakhs and seventy-five thousand rupees, upon trust, to invest the same upon one or more of 
the investments authorised by section 6, and shall hold the said investments, upon the same trusts, and for 
the  same  ends,  intents  and  purposes,  and  with  the  same  powers,  as  are,  by  this  Act,  declared  of  and 
concerning the funds which are subject to the Settlement effected by this Act. 

15. **Power to Trustees to invest the surplus annual interest and income of the Trust Fund and 
premises during the minority of any Baronet, etc.**—The Corporation during the minority of any person 
for the time being entitled to, and in the enjoyment of, the title of Baronet under the limitations of the said 
Letters  Patent,  shall  pay  and  apply  for  and  towards  the  maintenance,  education,  and  benefit  of  such 
Baronet, in each and every year during his minority so much only of the annual interest, dividends and 
income of the said Trust Funds and premises as the Corporation shall, in their discretion, think proper; 
and shall, from time to time, invest the residue of the said annual dividends, interest, and income of the 
said Trust Funds and premises in and upon some one or more of the investments authorised by this Act 
for the investment of the said Trust Funds; and shall, upon such Baronet attaining his majority, pay over, 
transfer, and assign to him, or as he shall direct and for his own absolute benefit, the said investments and 
all accumulations thereof. 

16. **Provision in case of refusal or discontinuance of names of First Baronet.**—Provided always 
that in case any person who, for the time being, shall be the heir male of the body of the said First Baronet 
to  whom  the  said  title  of  Baronet  shall  have  descended,  shall  for  the  space  of  one  whole  year  after  he 
shall,  by  virtue  of  this  Act,  become  entitled  to  the  dividends,  interest,  and  income  of  the  said  stocks, 
funds, and securities or to the possession or receipts of the rents and profits of the said hereditaments; or, 
being  then  under  age,  shall  for  the  space  of  one  whole  year  after  he  shall  attain  the  age  of  twenty-one 
years, refuse or neglect to use the names of “Jamsetjee Jejeebhoy” as hereinbefore enacted; or in case any 
such person having so used those name, shall, for the space of six calendar months consecutively during 
his natural life,  discontinue  so  to  use  such names,  then, in  any  or either  of the said  cases,  the estate  or 
interest of the person who shall so refuse or neglect to use, or, having used, shall so discontinue to use, 
the  said  names  of  “Jamsetjee  Jejeebhoy”  shall,  during  the  remainder  of  his  respective  natural  life,  be 
suspended; and that during any and every such suspension, the dividends, interest, and income of the said 
stocks, funds and securities, and the possession and actual occupation, and also the rents and profits of the 
said  hereditaments,  shall  devolve  and  belong  to  the  person  who  as  heir  male  of  the  body  of  the  First 
Baronet, would have succeeded to, and been in the enjoyment of, the title of Baronet conferred by the said 
Letters Patent, in case the persons so refusing or neglecting to use, or discontinuing to use, the said names 
of  “Jamsetjee  Jejeebhoy”  had  departed  this  life;  but  if  there  should  be  no  such  heir  male,  then  to  the 
person or persons who would be entitled to the same in case there had then been a total failure of issue 
male of the First Baronet entitled to the said dignity of Baronet. 

17. **Baronet in possession may jointure.**—It  shall  be  lawful  for  Sir  Jamsetjee  Jejeebhoy,  Fifth 
Baronet, and for any person upon whom the said title of Baronet shall, from time to time, descend when 
in the actual enjoyment of the said title, and who shall not refuse, neglect, or discontinue to use, for the 
respective  periods  hereinbefore  in  that  behalf  mentioned,  the  said  names  of  “Jamsetjee  Jejeebhoy”  as 
hereinbefore  enacted,  either  before  or  after  his  marriage  with  any  woman  or  women  by  any  Deed  or 
Deeds, writing or writings, with or without power of revocation, to be by him sealed and delivered in the 
presence of two or more credible witnesses (but subject and without prejudice to any annuity or annuities, 
if  any,  which  shall  be  then  subsisting  and  payable  by  virtue  of  any  appointment  made  under  and  in 
pursuance of this present power), to limit and appoint unto any woman or women whom he shall marry, 
for her or their life or lives, and for her or their jointure, or jointures, in bar of dower or other legal or 
customary rights, any annuity or yearly sum not exceeding the sum of rupees ten thousand, clear of all 
taxes, charges and deductions whatsoever, to commence and take effect immediately after the decease of 
the person limiting or appointing the same, and to be issuing and payable out of the dividends, interest, 
and  annual  income,  of  the  said  stocks,  funds,  and  securities  and  to  be  paid  and  payable  by  equal 
half-yearly payments on the thirtieth day of June and the thirty-first day of December; the first of the said 
half-yearly payment to be made on the half-yearly day which shall first happen after the decease of the 
person who shall have appointed such annuity or yearly sum, provided always, that in case any person on 
whom such title shall descend, shall have refused or neglected to use the names of “Jamsetjee Jejeebhoy,” 
or shall discontinue to use such names for six calendar months consecutively during his natural life, every 
such  limitation  and  appointment,  either  previously  or  afterwards  made  by  him,  shall  be  and  become 
inoperative and invalid; and no such annuity thereby created or appointed shall take effect or be payable 
or  chargeable  on  the  said  stocks,  funds,  and  securities,  notwithstanding  any  such  limitation  or 
appointment. 

18. **Limit of aggregate of jointure payable contemporaneously.**—Provided  always,  that  the said 
dividends, interest  and  annual income  of the said  stocks,  funds,  and  securities shall  not, at one  and  the 
same time, be subject to the payment of more than the yearly sum of rupees twenty thousand for, or in 
respect  of,  and  jointure  or  jointures  which  shall  be  made  in  pursuance  of  the  power  hereinbefore 
contained, so that, if by virtue of or under the same power, the said dividends, interest and annual income 
would,  in  case  this  present  provision  had  not  been  inserted,  be  charged  at  any  one  time  with  a  greater 
yearly  sum  for  jointures  in  the  whole  than  the  yearly  sum  of  rupees  twenty  thousand,  the  yearly  sum 
which shall occasion such excess, or such part thereof as shall occasion the same, shall, during the time of 
such excess, abate and not be payable. 

19. **Mansion House and hereditaments not to be subject to joiuture.**—The said Mansion House 
and hereditaments called Mazagon castle, with their rights, members and appurtenances, and any lands, 
houses,  buildings  and  tenements  which  may  be  purchased  or  erected  under  the  powers  conferred  by 
section 8, with their rights, members, and appurtenances, shall not be subject to dower of any Dowager 
Lady Jejeebhoy, or of the present or any future wife of Sir Jamsetjee Jejeebhoy, Fifth Baronet, or of any 
wife  of  any  of  the  persons  who  may  successively  be  entitled  to  the  Baronetcy  under  the  aforesaid 
limitations, or to any other right, interest, or estate whatsoever which any Dowager Lady Jejeebhoy or any 
such wife or wives as aforesaid may or might have or claim to have in the said Mansion House, lands, 
buildings and hereditaments, under any custom or law of the Parsees, or otherwise howsoever. 

20. **Alienation prohibited during the Baronetcy.**—So long as the said title and dignity of Baronet 
shall endure, and until there shall be a  failure of the heirs male of the body of the First Baronet to whom 
the said title and dignity of Baronet might descend, pursuant to the limitations of the said Letters Patent, 
neither  Sir  Jamsetjee  Jejeebhoy,  Fifth  Baronet,  nor  any  of  the  heirs  male  of  the  body  of  Sir  Jamsetjee 
Jejeebhoy,  First  Baronet,  in  whose  favour trusts  are hereinbefore  declared of the  dividends,  and  annual 
income of the said stocks, funds, and securities, or to whom the said Mansion House and hereditaments 
called  Mazagon  Castle  and  any  lands,  buildings  or  other  hereditaments,  which  may  be  purchased  or 
erected under the powers conferred by section 8 shall stand limited under this Act, shall transfer, dispose 
of,  alien,  convey,  charge,  or  encumber  the  said  stocks,  funds  and  securities,  or  any  part  thereof,  or  the 
dividends,  interest,  and  annual  income  thereof,  or  of  any  part  thereof,  or  the  said  Mansion  House  or 
hereditaments, or any lands, buildings or other hereditaments, which may be purchased or erected under 
the power conferred by section 8 or any part thereof, for any greater or larger estate, interest or time, than 
during  his  natural  life,  and  for  such  portion  thereof  only  as  he  shall  continue  to  use  the  names  of 
“Jamsetjee Jejeebhoy,” nor shall have any power to discontinue or bar the estate of any person or persons 
for whose benefit trusts are declared by this Act of the dividends, interest, and annual income of the said 
stocks,  funds,  and  securities  or  to  or  upon  whom  the  said  Mansion  House  and  hereditaments,  and  any 
lands, buildings and other hereditaments, which may be purchased or erected under the powers conferred 
by section 8, and the rents and profits thereof are, by this Act, limited to come or devolve in any manner 
whatsoever, either by default or otherwise, or to prevent any such person or persons from succeeding to, 
holding, or enjoying, receiving or taking, the same premises, according to the true intent of the provisions 
hereinbefore  contained;  nor  shall  the  same  premises,  or  any  of  them,  be  held,  by  any  Court  of  Law  or 
Equity, to have vested in any such person as aforesaid for any greater estate or interest than during his 
life, and only during such portion thereof as he shall continue to use the names of “Jamsetjee Jejeebhoy,” 
and every attempt to make any conveyance, assignment, or assurance contrary to the intention of this Act 
shall be, and is hereby declared and enacted to be, void. 

21. **Power  to  augment  the funds  and  securities  subject  to  the  Settlement,  provided  that  total 
amount  of  funds  subject  to the Settlement shall not exceed fifty lakh.**—If  at  any  time  or  times 
hereafter the said Sir Power to Jamsetjee Jejeebhoy, Fifth Baronet, or any other person or persons shall be 
desirous of augmenting the funds and securities for the time being subject to the trusts of this Act, and for 
that purpose and with that intent shall at his or her oven expense transfer and deliver to the Corporation 
any  stocks,  funds,  or  securities  of  the  kinds  specified  in  section  6,  then  and  as  often  as  the  same  shall 
happen the Corporation may, with the previous consent of the Governor of Bombay in Council, accept 
such  stocks,  funds  and  securities,  and  the  same  shall  thenceforth  be  held  by  the  Corporation  upon  the 
same trusts as those which are declared by this Act of and concerning the trust funds which are the subject 
of the Settlement effected by this  Act, or upon such of them as shall be then subsisting and capable of 
taking effect: 

  Provided that the total amount of the corpus of the trust funds which shall be subject to the trusts of 
the Settlement effected by this Act shall at no time exceed fifty lakhs of rupees. 

22. **Provision  as  to  insurances  of  Mazagon  Castle,  and  other  house  or  buildings  purchased  in 
lieu thereof.**—The person for the time being entitled to, and in the enjoyment of, the title of Baronet shall 
at his own expense, insure the said Mansion House and other hereditaments, called Mazagon Castle, and 
all buildings and offices accessory thereto, until such time as the same may be sold and the proceeds of 
sale thereof paid to the Corporation, in the name to the Corporation against loss or damage by fire, in such 
sum  as  the  Corporation  may  deem  adequate,  and  shall  also,  at  his  own  expense,  insure  all  houses  and 
other  buildings,  which  may  be  purchased  or  erected under  the powers conferred  by  section  8, from  the 
time when the same shall be conveyed to and become vested in the Corporation, against loss or damage 
by fire, in such sum as the Corporation may deem adequate, and in case any such person shall at any time 
neglect or refuse to insure the same in such amount or amounts, it shall be lawful for the Corporation to 
insure the same and to apply any portion of the income of the funds for the time being subject to the trusts 
of  the  Settlement  effected  by  this  Act  to  that  purpose,  and  in  case  the  hereditaments  and  premises  so 
insured or any part thereof shall be destroyed or damaged by fire, the moneys received in respect of such 
insurance shall either be laid out under the directions of the Corporation in re-building or re-installing the 
hereditaments and premises so destroyed or damaged by fire, or, upon the application of the person for 
the time being entitled to, and in the enjoyment of, the said dignity of Baronet, and with the consent of the 
Governor of Bombay in Council to be notified by a resolution of the Government of Bombay, may be laid 
out in the purchase of other hereditaments in the Island of Bombay suitable for the support of the dignity 
of the said Baronetcy and, in such last mentioned case, the hereditaments so purchased shall be conveyed 
to and vested in the Corporation, and the Corporation shall hold the same upon the same trusts and for the 
same ends, intents, and purposes, and with the same powers, as are declared and conferred by this Act of 
and concerning the hereditaments and premises which shall have been so destroyed or damaged by fire as 
aforesaid,  or  such  of  them  as  shall  then  be  subsisting  and  capable  of  taking  effect;  and  until  such 
insurance moneys shall have been so laid out as aforesaid, the Corporation may invest the same or any 
part thereof in any of the securities specified in section 6. 

23. **Directions  for  keeping  Mazagone  Castle,  and  other  houses  or  buildings  purchased  in  lieu 
thereof, in repair.**—The  person  for  the  time  being  entitled  to,  and  in  the  enjoyment  of,  the  title  of 
Baronet  conferred  by  the said letters  Patent  shall,  at his  own expense,  keep in good  repair,  orders, and 
condition, the said Mansion House and other hereditaments called Mazagon Castle and all offices and out 
buildings  accessory  thereto,  and  likewise  all  houses  and  other  buildings  which  may  be  purchased  or 
erected under the powers conferred by section 8, and all alterations and additions thereto, and all offices, 
out-houses  and  other  buildings  accessory  thereto,  and,  in  case  any  person  shall  at  any  time  neglect  or 
refuse to keep the same or any part thereof in such good order and condition,  it shall be lawful for the 
Corporation  to  cause  the  same  to  be  kept  in  good  order  and  condition,  and  to  defray  the  expenses 
incidental thereto, out of the income of the funds for the time being subject to the trusts of the Settlement 
effected by this Act. 

24. **Power to Trustees to sell land subject to Settlement.**—The Corporation shall have power at any 
time, with the consent of the person entitled to, and in the enjoyment of, the title of Baronet conferred by 
the said Letters Patent, and of the Governor of Bombay in Council to be notified by a resolution of the 
Government of Bombay to sell or exchange for other lands or hereditaments in the Island of Bombay any 
lands or hereditaments which are subject to the trusts of the Settlement effected by this Act or any part 
thereof, and upon any such exchange, to give or receive any money for equality of exchange: 

  Provided  that  the  Corporation  shall  not  sell  the  Mansion  House,  if  any,  or  the  buildings  accessory 
thereto, which may be purchased, or erected under the powers conferred by this Act, without having first 
consulted all persons who may be interested in the said Mansion House, either by way of reversion, or 
otherwise, and who may have attained their respective ages of majority: 

  Provided further that the foregoing proviso shall apply to the said Mansion House, and the buildings 
accessory thereto only, and shall not apply to any lands, hereditaments, or premises, other than the land 
upon which the said Mansion House and the buildings accessory thereto, may stand, or be erected, which 
may be purchased under the powers conferred by this Act. 

25. **Directions as to how sale may be made.**—Any sale which may be effected under the powers 
conferred  by  section  24  may  be  made  either  by  public  auction  or  private contract, and the  Corporation 
may  make  any  stipulations  as  to  title,  or  evidence,  or  commencement  of  title,  or  otherwise,  in  any 
conditions of sale or contract for sale or exchange, of the said hereditaments or any part thereof, and may 
buy in, or rescind, or vary any contract for sale or exchange, and re-sell, or re-exchange, without being 
responsible for any loss occasioned thereby. 

26. **Direction as investment of proceeds of sale of lands.**—The  Corporation  shall,  with  all 
convenient speed, invest all moneys which may be received by them upon any sale or exchange which 
shall be effected by them under the powers conferred by section 24, either in the purchase of any one or 
more of the securities specified in section 6, or in the purchase of other lands and hereditaments in the 
Island  of  Bombay,  suitable  for  the  support  of  the  dignity  of  the  said  title;  provided  that  every  such 
purchase of lands or hereditaments be made with the consent in writing of the person for the time being 
entitled to, and in the enjoyment of, and said title conferred by the said Letters Patent. 

27. **Declaration of Trusts as to investments of proceeds of sale of lands.**—The Corporation shall 
hold  all  stocks,  funds,  and  securities  which  may  be  purchased  by  them  in  pursuance  of  the  directions 
contained in section 26 upon the same trusts, and to the same ends, intents, and purposes, and with the 
same powers as are by this Act  declared of and concerning the trust funds of the Settlement effected  by 
this  Act,  and  shall  hold  all  lands  and  hereditaments  may  be  purchased  by  them  in  pursuance  of  the 
directions contained in section 26 upon the same trusts and to the same ends, intents, and purposes, and 
with the same powers and are declared by this Act of and concerning all lands and hereditaments which 
may be purchased under the powers conferred by section 8. 

28. **Power to Baronet for the time being to enter into arrangement with Government as to land-
revenue payable in respect of land purchased under section 8.**—The person for the time being entitled 
to,  and in the  enjoyment  of,  the title  of  Baronet  conferred  by  the  said  Letters  Patent as  aforesaid,  shall 
have power with a view to the more advantageous sale of the land occupied by the said Mansion House 
and  other  hereditaments,  called  Mazagon  Castle,  in  other  hereditaments,  called  Mazagon  Castle,  in 
pursuance of the powers in that behalf conferred by section 10, and, notwithstanding anything in this Act 
contained  to  the  contrary,  to  enter  into  an  arrangement  with  the  Government  of  Bombay  whereby,  in 
consideration  of  the  waiver  in  perpetuity  by  the  Government  of  Bombay  of  their  right  to  enhance  the 
amount of the assessment to land revenue for the time being payable in respect of the land occupied by 
the  said  Mansion  House  and  other  hereditaments,  called  Mazagon  Castle,  either  the  amount  of  the 
assessment to land-revenue payable in respect of any  land which may be purchased in pursuance of the 
power in that behalf conferred by section 8, may be enhanced, or an assessment to land-revenue of any 
land  so  purchased,  which  at  the  time  of  the  purchase  thereof  shall  not  be  liable  to  the  payment  of             
land-revenue, may be imposed thereon. 

29. **Indemnity of Trustees.**—The Trustees for the time being action in the execution of the trusts and 
powers  hereby  created  and  reposed  in  them  respectively,  and  their  successors,  respectively,  shall  be 
changed and chargeable for such moneys only as he and they respectively shall actually receive by virtue 
of  the  trusts,  powers  and  provisions  of  this  Act,  notwithstanding  his,  their,  or  any  of  their  giving  or 
signing, or joining in giving or singing any receipt or receipts, for the sake of conformity; and he and they 
respectively shall not be answerable or accountable for any banker or broker, agent, or other person with 
whom or in whose hands any part of the said trust moneys shall or may be deposited or lodged for safe 
custody, or otherwise in the execution of any of the trusts, powers and provisions hereinbefore created or 
contained;  and  the  Trustees  for  the  time  being  acting  in  the  execution  of  the  trusts  and  powers  hereby 
created,  and reposed in  them  respectively,  and  their  successors respectively,  shall  not  be  answerable  or 
accountable for the insufficiency or deficiency of any security or securities, stocks or funds, in or upon 
which  the  said  trust  moneys  or  any  part  thereof  shall  be  placed  out  or  invested,  nor  for  any  other 
misfortune,  loss  or  damage  which  may  happen  in  the  execution  of  the  aforesaid  trusts,  powers  and 
provisions or in relation thereto; and it shall be lawful for him and them respectively with or out of the 
money which shall come to his or their respective hands by virtue of the trusts and provisions of this Act, 
to retain and reimburse to himself and themselves respectively all costs, damages and expenses which he 
and they respectively shall or may sustain, expend, or disburse in or about the execution of the aforesaid 
powers, trusts, and provisions or in relation thereto. 

30. **General saving clause.**—Saving always the Government, and to all and every other person and 
persons, bodies politic and corporate, and his, her and their respective heirs, successors  executors,  and 
administrators  and  every  of  them  (other  than  and  except  the  devisees,  heirs  and  assigns  of  the  said  Sir 
Jamsetjee Jejeebhoy, First Baronet), all such estate, right, title, interest, claim, and demand whatsoever of, 
in, to, out of, or upon the said Mansion House and hereditaments, called Mazagon Castle, and any lands, 
buildings  or  other  hereditaments,  which  may  be  purchased  or  erected,  under  the  powers  conferred  by 
section  8  or  any  parts  thereof,  as  they,  every,  or  any  of  them  had  before  the  passing    of  this  Act  and 
would, could, or might have had, held, or enjoyed in case this Act had not been passed.