WILL CASE RE BIG ESTATE.
TRUSTEES' COMMISSION. (Br TeltsriDh.—Press Aosooiation.) Auckland, Juno S. "It is a very interesting point, and I will take time to consider tho matter, remarked Mr. Justice Cooper.this.morning at the Supreme Court after hearing nil originating summons, ana Crane v. Yates and others. Phis was atl application to determine certain Questions arising out of the wiU of the into Annie Yates, of Pnwiiffnrenffn, who left au estate, Ino net value 01 which was given at ,££2,394. By her will deceased provided that the tru&tecs should, receuo commission of "two a half per cent upon tho pross income." Tho question for the Court was what was the moaning of the term "cross income"? Did it menu the whole of tho receipts without deducting •actual cost, or did it include all that could be properly designated.as pross profits or gross earnings? , In «nswcr to the Court it was stated that the turnover of the jrnm trade would amount to about *£15,01)0, and of the store to about Jilll.OOO per annum. After hearing argument his.Honour reserved decision.
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Dominion, Volume 6, Issue 1769, 6 June 1913, Page 4
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178WILL CASE RE BIG ESTATE. Dominion, Volume 6, Issue 1769, 6 June 1913, Page 4
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