162—No particulars of trust to be entered in Register Book but trust
instrument may be deposited
The Registrar-General shall not, except as aforesaid, make any entry in the
Register Book of the particulars of any trust, nor shall any instrument be
registered under this Act, which declares or contains trusts relating to land
under the provisions of this Act, but any such instrument, or a duplicate or
attested copy thereof, may be deposited with the Registrar-General for safe
custody and reference, and such instrument may be deposited in the General
Registry Office pursuant to the Registration of Deeds Act 1935 , or any
other Act relating to the deposits of deeds in the Registry Office, and may
include as well land under the provisions of this Act, as land which is not
under the provisions hereof: Provided that nothing herein contained shall
prevent the registration of any instrument which would otherwise be valid in
which a reference may be made to the instrument so deposited as aforesaid; nor
shall such reference operate as notice of the particulars of the trusts
declared or contained in the deposited instrument, but in the absence of
caveat the registered proprietor shall, for the purpose of sale, mortgage, or
contract for valuable consideration be deemed to be the absolute proprietor of
such land freed from the said trusts.