based, not on wrongful acts, but on wrongful omissions, that is to say, non-feasance not misfeasance. The cases establish that it is the duty of a trustee to conduct the business of the trust with the same care as an ordinary prudent man of business would extend towards his own affairs: In re Speight (1883) 22 Ch.D. 727 , per Sir George Jessel M.R. at p. 739 and Bowen L.J. at p. 762; affirmed on appeal, Speight v Gaunt (1883) 9 App.Cas. 1 , and see Lord Blackburn at p. 19. In applying this principle, Lindley L.J. (who was the third member of the court in the Speight case) added in In re Whiteley (1886) 33 Ch.D. 347 , 355: “… care must be taken not to lose sight of the fact that the business of the trustee, and the business which the ordinary prudent man is supposed to be conducting for himself, is the business of investing money for the benefit of persons who are to enjoy it at some future time, and not for the sole benefit of the person entitled to the present income. The duty of a trustee is not to take such care only as a prudent man would take if he had only himself to consider; the duty rather is to take such care as an ordinary prudent man would take if he were minded to make an investment for the benefit of other people for whom he felt morally bound to provide. That is the kind of business the ordinary prudent man is supposed to be engaged in; and unless this is borne in mind the standard of a trustee's duty will be fixed too low; lower than it has ever yet been fixed, and lower certainly than the House of Lords or this Court endeavoured to fix it in Speight v Gaunt.” See on appeal Learoyd v Whiteley (1887) 12 App.Cas. 727 , where Lord Watson added, at p. 733: “Business men of ordinary prudence may, and frequently do, select investments which are more or less of a speculative character; but it is the duty of a trustee to confine himself to the class of investments which are permitted by the trust, and likewise to avoid all investments of that class which are attended with hazard.” That does not mean that the trustee is bound to avoid all risk and in effect