s 38 Powers of sale and exchange.
A tenant for life— (i) May sell the settled land, or any part thereof, or any easement, right or privilege of any kind over or in relation to the land; and (ii) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (iii) May make an exchange of the settled land, or any part thereof, or of any easement, right, or privilege of any kind, whether or not newly created, over or in relation to the settled land, or any part thereof, for other land, or for any easement, right or privilege of any kind, whether or not newly created, over or in relation to other land, including an exchange in consideration of money paid for equality of exchange.