Where any money or other property, real or personal, has . . . F1 been invested in trust for the purpose of purchasing land to be entailed, or where any land has . . . F1 been directed to be entailed, but the direction has not been carried into effect, it shall be lawful for the party who, if the land had been entailed in terms of the trust, would be the heir in possession of the entailed land for the time to grant provisions in favour of his or her husband or wife and younger children out of such money or other property, or out of such land, as the case may be, of such and the like amount and extent as he or she would have been entitled to grant out of the land if entailed, and if subject to the provisions and enactments of the M1Entail Provisions Act, 1824.