In re Chemical Bank New York Trust Co.

William C. Hecht, Jr., J.

Petitioner, Chemical Bank New York Trust Company, as trustee, under indenture of trust, dated June 22, 1933, made by Julia C. T. Smith, as settlor, seeks instructions from the court “ directing the manner in which the additional amounts to be paid over to Lucius C. Thompson from the Lucius C. Thompson Trust in further distribution of the one-fourth and one-third parts thereof to which he became entitled on attaining age twenty-five and thirty-five respectively, should be calculated.”

In pertinent part, the trust provides that the settlor was to receive the income…