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LATE SIR J. LOGAN CAMPBELL

BEQUESTS AND LEGACIES,

(By Telegraph.—Press Association.) Auckland, January 6. Bequests amounting to £5500 have Mow been paid by the- trustees of the la to Sir John Logan Campbell, tho ibeneficiaries being tlio Country Clergy I<\ind, Dischargocl Prisoners' 'Aid , Society, Auckland Institute and Museum, nml tho Society for tho Protection of AVomen and Children. Other legacies Jo public institutions' amounting to 5C9300 irill bo paid shortly.' Tho death tr>f Sir John Campbell occurred on June 22. 1912. A year later the trustees 'Messrs. A. S. Bankart and A. M. Olyors) paid to the Commissioner of Taxes £26,20fi Bs., 3d., in discharge of Ideath clutie.i" levied on the net vnhic of •£227,0G6 15s. Til. Stops were taken to Bocuro a reduction of the duties, and as (i result tlio amount has beem reduced •!iy a.little over £2000, and the estate, ihas now beeii certified at its original .Value. Tho net value of the estate after , the payment of personal legacies and 'dulies is £133,600. A bequest of £1000 ■to the St. John Ambulance Association was paid on June 2C last year. Within tlio k?.i fc.v days tho legacies already mentioned have been paid to bencficinries. Tho following bequests Tvill bo jiaid within two or three- months:— Jubilee Institute,for tho Blind, £6000; Salvation Army Prison Gato Home, Knsoni, £500: Salvation Army Maternity Home, Ponsonby, £500: Salvation 'Army Rescue Home, Parnell, £500; Orphans' Home. Panatoctoe, Trust ißoard, £3000. Provision was niacin in tho will for tho foundation of a Chair nf Agriculture at tlio Auckland University College, £20,000. -being secured for this purpose, and the payment of #35.000 to the trustees of Cornwall Park, to bo expended in maintenance, nilministration, and improvement. The trustee--, were further directed to expond a. sum lint exceeding £5000 in erecting a monument to be dedicated to fhe r»fi"sri ran on tho summit of Olio Tree Hill. They are empowered to postpone payment of these bequests until pftor all annuities shall cease to lw? paid. As they eonsidrr it inadvisable 1o reduc? the corpus of tue estato fui ther at tho present, which would ontnil r risk tn tho nnniiitir.s, compliance with these ctousns of thn tvill has been postponed indefinitely. Payment of the requests either made or proposed to b" Hi ado shortly will rediies ilio estnt" to £115,563. against which there, will remain a, liability of £60,000, comprising bequests to the Auckland College Council, Cornwall Park tnistoes, and for the iMaori monument. ,

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/DOM19140107.2.60

Bibliographic details
Ngā taipitopito pukapuka

Dominion, Volume 7, Issue 1951, 7 January 1914, Page 6

Word count
Tapeke kupu
410

LATE SIR J. LOGAN CAMPBELL Dominion, Volume 7, Issue 1951, 7 January 1914, Page 6

LATE SIR J. LOGAN CAMPBELL Dominion, Volume 7, Issue 1951, 7 January 1914, Page 6

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