LACEY BENEFIT FUND.
FINAL PROCEEDINGS
An unusual and interesting petition was recently brought before the Supreme Court, Wellington, when the Public Trustee applied to determine the trusts on which a certain sum of money was to be held.
In January last a subscription of was raised by the residents of Foxton and the Mauawalu flaxraills employees on behalf of the widow and three infant children of William Lacey, who had died, leaving his family in needy circumstances. The deceased had entered into an agreement for the purchase of a house and section of laud in Foxton, and at the time of his death there was an amount of about still owing on the agreement. The court made an order that the subscription money be invested in the Public Trust Office, asd that the Public Trustee should pay throughout the yearly instalments due on the agreement. The widow is to have the use of the property until the completion of the purchase, when it is to be transferred to her with any balance of the subscription fund. In the event of her death before the completion of the purchase the fund and property is to be held by the Public Trustee in trust for the infant children of the deceased.
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https://paperspast.natlib.govt.nz/newspapers/MH19130612.2.16
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Manawatu Herald, Volume XXXV, Issue 1108, 12 June 1913, Page 3
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209LACEY BENEFIT FUND. Manawatu Herald, Volume XXXV, Issue 1108, 12 June 1913, Page 3
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