BARONET’S BIG ESTATE
STATE TAKES HALF LONDON, April 12. When Sir Ceorge Alexander Cooper died last March at the ripe age of , 84, he left a tidy little estate of £3,001,027. On that the British estate duty was £1,634,103. In his will, of which probate was granted yesterday, Sir George had written: “Considering that during the last few years more than a half of my income has been expended in paying income tax and super-tax, and that at my death more than half of my income producing capital will be required for the purpose of paying death duties, I am unable to give any charitable legacies or any substantial general legacies.” lforty years ago Sir George and his wife inherited £4,500,000 from “Chicago” Smith, a Scotsman who had emigrated to the United States and bought land over which the city of Chicago had later sprawled. Durjng the last war Sir George was the heaviest investor in war. loans, his purchases exceeding £2,600,000. What the Government did not take from his fortune he left to his wife and three children.
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Bibliographic details
Gisborne Herald, Volume LXVII, Issue 20259, 29 May 1940, Page 5
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179BARONET’S BIG ESTATE Gisborne Herald, Volume LXVII, Issue 20259, 29 May 1940, Page 5
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