TOBACCO AND BENEVOLENCE
The • late Mr. Bernard Barren's munificence is'-in the way of being emulated by another tobacco magnate, Sir Albert Levy, founder and chairman of the Ardath Co. It has been officially announced that Sir Albert transferred to trustees securities to the value of £250,000 to form a benevolent fund for the purpose of supporting hospitals and other charitable objects. The deed of settlement provides that the whole of the-capital, plus the interest, shall be distributed in 25 yearly instalments. The cash to be distributed by the trustees in accordance with the deed will therefore amount to about £400,000. Out of this, "£IOO,OOO has been allocated already to hospital purposes. The division of one twentyfifth part of the capital, together with the income on the total sum Mill be made on Ist May and Ist November in each year.
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Bibliographic details
Evening Post, Volume CVIII, Issue 82, 3 October 1929, Page 24
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140TOBACCO AND BENEVOLENCE Evening Post, Volume CVIII, Issue 82, 3 October 1929, Page 24
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