WHITNEY'S £38,800,000
£11,000,000 FOR HIS WIFE. UNITED STATES DUTIES £4,000,000. An official appraisal of the estate of the late Mr Payne Whitney filed for taxation purposes, shows that the American sportsman died worth £38,865,702. The Federal taxes on this will amount to morej than £4,000,000. By Mr Whitney’s, win charities, libraries, and institutions of learning benefit to the extent of £9,000,000. His widow receives a life income from £11,000,000, besides realty valued at £600,000, jewellery and racehorses valued at £133,000. ■Mr Whitney bequeathed £lOO,OOO to his friend Mr. Finley Peter Dunne, a well-known American humorist Who created the character of “Mr Dooley.” In England the death duties on Mr Whitney’s estate at the maximum of 40 pej; cent, would h'avej been £15,500,000.
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Hauraki Plains Gazette, Volume XXXX, Issue 5378, 23 January 1929, Page 3
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122WHITNEY'S £38,800,000 Hauraki Plains Gazette, Volume XXXX, Issue 5378, 23 January 1929, Page 3
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