A DUNEDIN ESTATE

Evening Star, Issue 16050, 29 February 1916, Page 4

A DUNEDIN ESTATE

SUPREME COURT ACTION. [Feb United Phess Association.! WELLINGTON, February 29. Tlie Supremo Court is engaged to-day in hearing a case in which the Crown is suing the executors of the estate of the late Jessie Begg, of Dunedin, for £Oll, together with interest amounting to £340, The Solicitor-General elated that since the writ was issued the defendants had paid a sum of £2OO 14s 9d, which had to be deducted from the amount of the claim. The deceased died in January, 1914, leaving an estate valued at between £s,oooand £6,000. In 1908, according to counsel, aha wag possessed of very considerable money-. She waa by far the largest shareholder In the company of Charles Begg and Co., Limited. At her death she owned none of those shares. The Crown contended that she had given away her whefo interest in the company to her sis children, reserving to herself an annuity of £SOO a year, and that the method adopted was adopted for the purpose of avoiding payment of gift duty upon the property transferred. Tho defence is that the shares held by Mrs Begg were held as trustee for her children; that the annuity had nothing to do with the gift of shares; and that the shares are not of the value alleged by the Crown, x The caeo is proceeding.