The Short Title of this Act shall be “The Trustees Powers Delegation Act 1869 Amendment Act, 1872.”

In the construction of this Act, the expression “the said Act” shall mean “The Trustees Powers Delegation Act, 1869;” and this Act and the said Act shall be read as one Act.

Notwithstanding anything contained in the said Act, any trustee of property in New Zealand, whether appointed by deed or will, who shall be resident in the Colony, but who may be about to depart therefrom, may, in the manner provided by the said Act, and to the like extent as therein provided, exercise all or any of the powers of delegation by the second section thereof conferred on trustees residing out of New Zealand.

Every power of attorney or other delegation by deed executed previous to the passing of the said Act by trustees, whether residing out of the Colony of New Zealand, or who, if resident therein, may be about to depart therefrom, as hereinbefore mentioned, delegating to persons residing in the said Colony the exercise over property in the said Colony of the trusts or powers of sale exchange mortgage assignment and leasing, or any of them, vested in such trustees, and every sale conveyance exchange mortgage assignment and lease heretofore or hereafter executed under such power of attorney or other delegation, shall be and be deemed to have been as good valid and effectual at law and in equity as if this Act and the second section of the said Act had been in force at the time of the execution of such power of attorney or other delegation as aforesaid.