HUNTER ESTATE

Dominion, Volume 29, Issue 220, 13 June 1936, Page 7

HUNTER ESTATE

Interest on Legacies COURT GIVES RULING Reserved decision was given by Mr. Justice Smith iu the Supreme Court. Wellington, yesterday, on issues arising from the estate of the late Sir George Hunter. His Honour was asked to determine whether various legatees were entitled to be paid interest on their respective legacies, and if so al what rate of interest, and whether out of the capital or income of the estate, and whether the residuary estate was liable for the payment of estate and/or succession duty assessed in respect of the legacy of £5OOO bequeathed iu tliq codicil to a niece, Helen May Hunter. His Honour held that the legatees were entitled to interest at the rate of 5 per cent, per annum, and, also, that the residuary estate was liable for the payment of estate and succession duty. Plaintiffs were the trustees of the estate, Cyril Paul Hunter, sheepfarmer, of Akitio, and Thomas Percy Hunter, sheep-farmer, of Porangabau (Mr. C. H. Weston, K.C., with him Mr. G. H. Moir), and defendants Lady Hunter, Elizabeth Hunter, her daughter, Helen May Hunter, spinster, of Porangabau, Robert Scott, sen., farmhand, 'of Porangabau, Samuel Marshall, farm-hand, of Porangabau, Robert Gooseman, horse-trainer, of Hastings, and James Scott, farm-hand, of Porangabau. To enable further consideration of the question of the allocation of the payments of interest to the residuary income or capital and other questions outstanding, the summons was adjourned.