WEALTHY MAN’S WILL

Greymouth Evening Star, 15 February 1930, Page 2

WEALTHY MAN’S WILL

SON WHO DOES NOT EXIST. Riches for a son who did not exist were provided in the wife of Major Frank Brian Frederick Bibby, chairman of the Bibby Steamship Line, who left unsettled property in his own disposition of the gross value or £900,072, with net personalty of £861,817. The duties on the property at this valuation and according to the dispositions of the will amount to about £265,000, but further duties will be payable on the final clearing up of the estate. Major Bibby, who fell dead from heart failure while talking to his butler on the dock of his yacht in Loch Leven last July, was 36, and his will revealed how he had provided for any 'sons, but none was born to him. He left a widow and a daughter, Cynthia, aged 8. Major Bibby bequeathed the residue of his property as to one-tenth, but not exceeding £lOO,OOO, upon trust for each younger son, 6-100ths, but not exceeding £60,000, upon trust for each younger daughter, and the balance as to one-half upon trust for his wife for life, but. not exceeding £lO.OOO per year during widowhood, or in the event of her re-marriage £3OOO if he should leave children, or £5,000 if not. Subject to the foregoing he left the whole upon trust to his eldest son for life.