1. The phrase, "termination of the trust," mentioned in the trust instrument in this case, is used in connection with the compensation of the trustee and must be construed in relation to that subject so as to bring about a reasonable result. So construed it must include not only the final transfer of the trust estate to the beneficiary, but also the resignation or discharge of the trustee named in the deed, and the transfer of the trust fund by it to the new trustee.
2. Defendant, in resigning as trustee, was acting in strict compliance with the trust deed and was guilty of no breach of the contract or of no dereliction. It may properly claim compensation and the benefits of the contract.
PER CURIAM.
The decree appealed from will be affirmed, for the reasons stated in the opinion delivered by Vice-Chancellor Bigelow in the court of chancery.
For affirmance — THE CHIEF-JUSTICE, TRENCHARD, PARKER, LLOYD, CASE, BODINE, DONGES, HEHER, PERSKIE, KAYS, HETFIELD, WELLS, DILL, JJ. 13.
For reversal — None.