THE HUNTER WILL

Evening Post, Volume CXXI, Issue 138, 12 June 1936, Page 11

THE HUNTER WILL

LEGACIES AND INTEREST

Two further issues arising from the estate of the late Sir George Hunter were the subject of a reserved judgment delivered by Mr. Justice Smith in the Supreme Court today. His Honour was asked to determine whether various legatees were entitled to be paid interest on their respective legacies, and if so at 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 £5000 'bequeathed in the 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. The plaintiffs were the trustees of the estate, Cyril Paul Hunter, sheep farmer, of Akitio, and Thomas Percy Hunter, sheep farmer, of Porangahau (Mr. C. H. Weston, K.C., with him Mr. G. H. Moir), and the defendants Lady Hunter, Elizabeth Hunter, her daugh, ter, Helen May Hunter, spinster, of Porangahau, Robert Scott, sen, farmhand, of Porangahau, Samuel Marshal], farmhand, of Porangahau, Robert Gooseman, horse trainer, of Hastings, and James Scott, farmhand, of Porangahau. 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.