OXFORD SCHOLARSHIP

Ashburton Guardian, Volume 49, Issue 198, 7 June 1929, Page 5

OXFORD SCHOLARSHIP

SIR H. HARMSWORTH'S WILL. FIVE RICH ENDOWMENTS. (United Press Association—Copyright.) (Received This Day, 12.5 p.m.) LONDON, June 6. Sir Hildebrand Harmsworth, formerly proprietor of the "Globe" newspaper, and brother of the late Lord Northcliffe and Lord Rothermere, left £1,443,000. He left one-tenth of the estate to Merton College, Oxford, to create five scholarships, a noteworthy condition regarding the scholarships being that they shall be available only for British subjects who are Protestants and whose parents and paternal grandfather and great-grandfather are, or were, both British-bom subjects and Protestants. The scholarships will be of very considerable value, as after payment of duties it would appear that a net sum of about £90,000 will be available to endow them, giving them an annual value of about £9OO each.— British Official Wireless.

NO GIFTS TO CHARITIES. DEATH DUTIES TOTAL £480,000. (Received This Day, 11.30 a.m.) LONDON, June 6. In his will, Sir Hildebrand Harmsworth explained that terrible taxation entirely crushed the desire to benefit charities. A . , ~ The estate pays £480,000 m death duties.