B is entitled to a charge on the land for the amount of the trust money so mis-employed.

Saving rights of certain transferees Saving of rights of certain transferees.-Nothing in section 63 entitles the beneficiary to any right in respect of property in the hands of--

1. (a) a transferee in good faith for consideration without notice of the trust, or
2. (b) a transferee for consideration from such a transferee. A judgment-creditor of the trustee attaching and purchasing trust-property is not a transferee for consideration within the meaning of this section. Proviso in section 63 applies to money, currency notes and negotiable instruments in the hands of a bona fide holder to whom they have passed in circulation, and shall not be deemed to affect the consideration or the liability of a person to whom a debt or charge is transferred.