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SINGULAR BEQUEST TO CHARITY.

SHARES IN MEDICINES AS AN INVESTMENT.

By the will of a Mr Charles Edward hulfovd, of Brockvil/c, Ontario, Canada, patent m eel k-i lie manufacturer, who died at Sydney, N.S.W., on August 26, at the ago. of thirty-six, Dr Barnardo's homos benefit to the extent of 20 per cent of. the benefactor's shares m the William's Pink PiJls Company and tho Bile Beans Manufacturing Company. The condition attached to the novel bequest is that the shares are retained by the homes as one of their permanent investments, and that they are not to part with the shares. It is not possible yet to say what the capital value of the bequest may amount to, but it will certainly be m excess of £10,000, and will probably be very much more. Mr Fulford was a nephew of Senator the Hon. George Taylor Fulford, who was connected with the same companies, and who died last year leaving estate sworn for probate at over £1,300,000. Mr Fulford himself left estate m the United Kingdom of the gross value of £67,187 10s, of which the net personalty has been sworn at £66,953 Is sd.

A second novel feature of Mr Fulford's will is that it contains an instruction that -his interest as a patent medicine vendor shall be converted into a joint stock company registered according to English law, and the shares allocated as directed to Dr Barnardo's Homes, his brother and sister and six representatives at Leeds, Capetown, Sydney, and Brockville, Ontario, on condition of the employes remaining m the seivice of the company for ten years.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/PBH19061229.2.32.63

Bibliographic details

Poverty Bay Herald, Volume XXXIII, Issue 10858, 29 December 1906, Page 8 (Supplement)

Word Count
268

SINGULAR BEQUEST TO CHARITY. Poverty Bay Herald, Volume XXXIII, Issue 10858, 29 December 1906, Page 8 (Supplement)

SINGULAR BEQUEST TO CHARITY. Poverty Bay Herald, Volume XXXIII, Issue 10858, 29 December 1906, Page 8 (Supplement)

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