SWORN AT £750,000.

Auckland Star, Volume LXIII, Issue 207, 1 September 1932, Page 8

SWORN AT £750,000.

MR. G. D. GREENWOOD'S ESTATE.

MEMORIAL TO GLOAMING.

ANNUITIES FOR FAMILY.

(By Telegraph.—Own Correspondent.) CHRISTCHUECH, Wednesday.

In the Supreme Court to-day the will and codicils of Mr. G. D. Greenwood., who died at Teviotdale, near Amberley, last Sunday, were filed for probate. Most of the estate is directed to be held in trust, subject to various directions. The estate was sworn at under £750,000.

The will contains a direction that racing and stud horses shall be sold. Provision is made in respect of the racehorse Gloaming, which died four months ago, as follows: — "I direct that my truetees shall, at the cost of my residuary estate, make suitable provision at Teviotdale for the proper care and maintenance of ray horse Gloaming during his lifetime, and upon his death I direct that he shall be buried at Teviotdale or at any other suitable place to be selected by my son, Harold Dean, or by my trustees, and a slab or headstone of marble, bronze cr other durable material, suitably inecribed, shall be erected over his grave; I authorise my trustees to pay a reasonable sum of money out of my residuary estate for the burial of my said horse and. for erection of the said elab or headstone, and I direct that the money to be so expended shall not exceed the sum of £500."

Mr. R. J. Mason, formerly trainer of Mr. Greenwood's horses, who died recently, was to have had .the right of selection of a horse from among the testator's stud.

The racing cups and certain heirlooms devolve with the freehold of Teviotdale. Teviotdale station goes in trust to Mr. Harold Greenwood for life, and after, his death to his elder son.

The testator's widow, Mrs. G. D. D. Greenwood, takes an annuity under a settlement. Mr. Oakley Greenwood, Mrs. liainsay, of Australia, a daughter, and Mrs. Harold Greenwood, also each take an annuity. These annual payments amount to £6000 per annum. Various relatives of the. testator resident in England also take benefits under the will.

The , estate, including property in Australia and elsewhere, is held by the trustees, with power to carry on the business of farming. There are provisions relating to the various trusts and a direction concerning the testator' 3 landed property in England which the testator desired to be retained in the family. After satisfying these various payments, the trustees are directed to accumulate any balance of income for the benefit of the testator's grandchildren.

Messrs. Harold Greenwood and F. S. Wilding are appointed executors and trustees.

Gloaming, by The Welkin from Light, was one of the most brilliant racehorses seen in this country. He commenced racing a« a three-year-old and continued until his ninth year, and during that period earned £43,100 in stake money. He contested 67 races during hie career, and finished up with the wonderful record of 57 firsts and nine second placings, being only once out of the money. Gloaming was bred by Mr. E. E % D. Clarke, at the Melton stud; Victoria, and was purchased as a yearling for 230gs, thus proving. 0«e of greatest bargains of the sale rih't of recent times.