(1)  When a trustee or other person is for the time being authorized to dispose of land by way of sale, exchange, or partition, the Court may sanction his so disposing of the land with an exception or reservation of any minerals, and with or without rights and powers of or incidental to the working, getting, or carrying away of the minerals, or so disposing of the minerals, with or without the said rights or powers, separately from the residue of the land.

(2)  Any such trustee or other person, having obtained such sanction, may, unless forbidden by the instrument creating the trust or direction, without any further application to the Court, so dispose of any such land or minerals.

(3)  This section does not derogate from any power which a trustee may have under the Settled Land Act 1884 , or otherwise.