UNUSUAL WILL

Rotorua Morning Post, Volume 3, Issue 617, 23 August 1933, Page 3

UNUSUAL WILL

FATHER FEARS CONSEQUENCES OF SONS SUDDEN WEALTH FORTUNE DEFERRED. Precautions against his sons slackening their interest in his business through coming into sudden wealth were taken in the will of Edgar Samuel Edgar, a London merchant and jeweller, v/ho left £161,972 with a net personalty of £423,215. In his will Mr. Edgar said: — " I desiro that my sons shall not rcason of my death become suddcnly possessed of ecnside.ably mere means than they have been accustomed to in my lii't.time, and so be led to slacken their interest in the maintenance and successful cariynig on of my said business, and I intend to postpone giving each of them the bulk of the" bencfits I conternplate ultimately giving them until my son, Gilbert Harold Samuel, attains the age of 45 years. ! | "As it will be imperative that my sons shall devote most close and never-ceasing care and attention to my business, I expressly stipulate that the-y shall not, prior to the year 1943, become candidates for or enter Parliament, or undertake any other public offiee. "Having seen the disastrous results following rash speculation on the Stock Exchange, I solemnly request each of my sons scrupulously to refrain from speculating in any shape or form." Mr. Edgar directed that each son should receive £1600 a year for the first two years after his death, £1800 a year for the next two years, and thereafter an increase of £200 a year at the end of each two years until 1943. He also made the request that his children should "observe the day of the anniversary of my death as a solemn period, free from festivity, for five years after my death." Should his daughter marry a born Jew still professing the Jewish religion, Mr. Edgar left her £1000 for her trousseau and a further £10,000 in trust for her benefit and that of her children, and at the expiration of five years from such marriage a furi ther £1000, and at the end of ten I years £5000. Mr. Edgar directed that the residue ' of the property should accumulate J until January 1, 1943, and the.n go to ' his sons or their issue.