In its first case concerning trusts and trustees the Supreme Court had to confront, but in the end did not conclusively decide, central issues concerning the nature of the equitable jurisdiction, which were thrown into sharp relief by the law of limitation and the equitable principles which allow derivative actions (See generally Lewin on Trusts (18th edn) paragraphs 43-01ff and Underhill and Hayton: Law of Trusts and Trustees (18th edn) art 68). Guy Adams reports.