MR BEIT'S MILLIONS

Evening Star, Volume 12869, Issue 12869, 19 July 1906, Page 6

MR BEIT'S MILLIONS

GOOD USE TO BE MADE OF THEM.

Press Association—By Telegraph—Copyright.

LONDON, Julv 18.

The City friends of the late Mr Alfred Beit estimate his foi-rmie at from £15.000,000 to £30,000.000. It is expected ihat many mflliojia have been loft for public purposes. A TRANSVAAL UNIVERSITY. LONDON. July 18. (Received July 19, at 8.2 a.m.) Tho ' 'Tribune's' Pretoria correspondent reports that Mr Beit's local estate-is- valued at nine millions sterling. Nearly the wliole of tlie income will be placed at the disposal of the late Mr Cecil Rhodey's executors. It is intended to liberally endow the Transvaal University and a Technical College.

[Mr Alfred Beit was Itorn in Hamburg in 1853 He was unmarried. His house was tho leading one in the Kimberley diamond trade, and he wan the largest owner of mines ctnd land in the Transvaal. He went to South Africa when voting, and was a diamond merchant at Kimberley from 1875 to 1878. He was a partner in tho firm of Wemher, Beit, and Co., a director of (he Rand mines, Rhodesia Railways, Bechuanaland Railway Trust, and others. He was also a financier and a life governor of De Beers' Consolidated Mines, and a director of the British South Africa Company.]