SALE OF ESTATE
ttMAVY DBAfH OtITIKS (From "Th» Peitv Rspf.wnUtlv..) JEiOftMtf, SOth jfovember. The Earl df Derby, ia a letter to the Mayor of Bdßtle, has explained the causes Which led to the sale of tils estate in that town and in the City of Liverpool The sale tv completed a week ago, the prlee paid to the Derby trustees tt>t the Undo being £1,76d,----000. "It was with the very greatest tegr*V' tdrd Setbjc WJfote, 'Hhat I authorlied this transaction, bat my property being a strictly entailed one, f. am bound to accept any proposal which my trustees may think is in the interest ttO": of Myself only, but of my successors. "If t thought it Wdttlfl have been possible for the estate tb be handed down intact from my son to his son, as it has been handed down to me, I should have offered grave objections, but I cannot help realising that on my death it Would be necessary for my son to soil much df it to pay the t#ry heavy death duties, and it WM Idviiable in hia Interests as well v my own that the sale should take pli«« during my lifetime rather than a ferfltd lain after my death, "1 hope you will not think that the idle of the property o«ani * severance of the friehdly relatieu* whloh have alw*y# existed between the people of Bootle tad th« Lord Derby of th« day."
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https://paperspast.natlib.govt.nz/newspapers/EP19280120.2.49
Bibliographic details
Evening Post, Volume CV, Issue 16, 20 January 1928, Page 7
Word Count
239SALE OF ESTATE Evening Post, Volume CV, Issue 16, 20 January 1928, Page 7
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