Section 2

In this Act, unless there is something repugnant in the subject or context —“Board” means the Investment Board mentioned in section 13;“Common Fund” means the Common Fund mentioned in section 10;“expenses” includes costs and charges;“letters of administration” means letters of administration of the estate and effects of a deceased person, whether general or with a will annexed, or limited either in time or otherwise;“private trustee” means a trustee other than the Public Trustee;“Reserve Fund” means the fund established under section 15A;“trust” includes an executorship or administratorship, and “trustee” is to be construed accordingly;“trust property” includes all property in the possession or under the control wholly or partly of the Public Trustee by virtue of any trust.