AN AUSTRALIAN MILLIONAIRE

Dominion, Volume 12, Issue 274, 15 August 1919, Page 6

AN AUSTRALIAN MILLIONAIRE

SIR SAMUEL M'CAUGHJJY'S WILL. The following statement of bequests has been issued by the executors of tho late Sir Samuel M'Caughcy. After giving certain legacies, amounting to about ,£230,000, Sir Samuel M'Caughey made the following bequests:— .£10,030 upon trust as to half the income for tfhe clergymen of the Presbyterian Churches at Bourke, Urana, Jerilderie, and Narandera, the other half_ of the income to'be paid to the Presbyterian Aesembsy of New South Wales to assist in increasing the stipends of poorly paid clergymen of that denomination in New South Wt'.lca. .£20,000.f0r Scots College, Sydney. .£IO,OOO for Sydney Grammar School. .£IO,OOO for the North Sydney Church of England Grammar School. ,£IO,OOO for Cranbroolc Church of England Grammar School. .£IO,OOO for Newington College, Stanmore. .£IO,OOO for King's School, Pnrramatta. .£SOOO for the Salvation Army. .CSOIM) for Bourke Hospital. .£SOOO for Urana Hospital. .£SOOO for Jerilderio Hospital. .CoOOA for Nurandera Hospital, .£SOOO for the lioynl Prince Alfred Hospital, Sydney. .X'oCOO for Sydney Hospital. .£SOOO for Royal Alexandra. Hospital. .KiSOO upon trust to pay the income to the clergymen for the time being of the liresbyterian Churches at Oloughwnter, liroughsbane,, and dough, County Antrim, Ireland.' .EO.OOO for Burnsido Orphan Homes, Parranmlta. The residue of tho estate is divided into two equal sliarco. One share is to bo held in trust as to two purls of the annual inconio for the University ol 'Sydney, and the remaining one-third of the annual income for the University of Brisbaue. The I'.her sliaro of the residue, is divided info three parte, two of which are to bo applied for tho relief or assistance of members' of tho Australian military and na'val expeditionary forces, who have served in aetivo service abroad, or tho widows and children of such members as may have been killed or died of wounds in tho recent war. Tho remaining third part is divided into three parts, of which two parts are to be applied to the advancement of religion in tho State of Now South Wales, in accordance with the tenets of the Presbyterian Church'of Australia, ami for such general educationand all purposes of that church as tho genera! assembly may from limn to time determine. The. remaining third part is to ba applied fur the same objects in tho State of Queensland.

The vnluo of the. estate is about .-£'5.750,000, and tho residue is expected to lm between ,G1,000,000 and '.£1,250,000. Out of that amount tho University of Sydney will benefit to the pxlentofnboufc,£3so,ooo (he University of Brisbane to the extent of .£200,000, and the Prosbvtcrian Chnrcb to tho extent of ,£150.000. Thero will also bo available out of Hie residue of the estate £m,m for the widows and children of .A.l.])'. soldiers.