DETAILS OF THE ESTATE OF THE LATE VISCOUNT INCHCAPE

Rotorua Morning Post, Volume 2, Issue 404, 13 December 1932, Page 7

DETAILS OF THE ESTATE OF THE LATE VISCOUNT INCHCAPE

OUT of the estate of the late Lord of Inchcape, the total value of which was £2,124,707, the amount of duty which was payable was £1,027,447. The will directed that Lady Inchcape, the widow, should reeeive an anuuity of £100,000 out of the resi|uary estate — this to be free of "all duties. income-tax, surtax and other taxation." Lady Inchcape was, before her marriage, Miss Jane Paterson, of Arbroath. Slie was married to Lord Inchcape in 1883. The inventory of the estate of the late earl, who died in his yacht, the Rover, off Monte Carlo, in May last, was lodged in the Commissary Office, ,

Edinbuz-gh, and the particulars are: — Estate in Scotland, £82,449; in England, £470,359; elsewhere, £1,571,898. The will was subscribed at London on October 22, 1929. After the payment of the annuity to Lady -Inchcape and other bequests, the balance of the income of the residue and, after Lady Inchcape's death, the whole annual income of the residue go in equal shares to Lord Inchcape's four children: Yiscount Glenapp (the present Earl), Lady Margaret Snaw, Lady Janet Bailey, and Lady Effie Millington Drake. In addition to the bequest of the £100,000 annuity, Lady Inchcape is to have the life-rent, use and enjoyment of Lord Inchcape's house at 4 Seamore Place. Maj'fair, London, so long as she desires. In the event of Lady Inchcape's desiring to remain at Glenapp Castle, and to occupy it, the trustees are directed to allow her to have the liferent, use and enjoyment of Glenapp j and Aucliairne under the provision that she shall be responsible for the upkeep and payment of rates and taxes in connection with the estates. On her desiring to give up residence at Glenapp Castle, etc., or on her death, the will directs the trustees to allow Viscount Glenapp the life rent use of the estates, and, on Lord Glenapp's death, to convey them to his eldest son or other heir who may suc>;eed to the earldom, in order of suc•ession, as his absolute_ property. Some details which appeared in the "Daily Telegraph" concerning be- ; luests under the will are: — A year's wages to all indoor and outdoor servants who have been a j year or more in his service at the time of his death; £5000 to each of his . nephews and nieces; sums of £1000 to each of the following: Henry Hill, i

Frank Furness, William Taylor, John William Fiske, and William Bernard Huckle — all in the employment • of the British India Steam Navigation Co. The sum of £1000 each to Captain William Halpin Paterson Swanay, Roland, William Rugg, Richard Thomas Clarke, Frederick Arthur Hook — all in the employment of the P. and O. Lino; £1000 to Frederick James Leathers, of W. Cory and Son. In addition to a year's wages to servants already mentioned, an annuity of £150 a year is left to seven of his servants, and an annuity of £50 a year to his valet. A month's salary to all the staff and all the employees, European, Indian

and Eurasian, in the service of Lord Inchcape's firms in London, Glasgow, Calcutta, Bombay, Kurrachee, Col ombo, Hong-Kong, Shanghai and Australia, who have been a year or more with the firm at the time of his death, and the same to the staff and j employees of the Madure and Coromandel Co., and to the staff and employees in London of the P. and O. and British India Steam Navigation Co. The will further states: "If tlxey care to take it, I bequeath, as a slight memento in acknowledgment of their loyalty and fldelity to me, £100 to all the commanders on the active list of the P. and O. and British India Steam Navigation Co. at the time of my death, and £50 to all the chief officers and chief engineers." Lord Inchcape also bequeathed to each of his partners "should they care to accept it," a sum of £1000, "not that they require it, but as a small token of their loyalty and devotion." In one of the last provisions of the Avill Lord Inchcape declared himself a domiciled Scotsman, and said that it was his desire that the trust should be administered according to the law of Scotland.