A GREAT FORTUNE.

Grey River Argus, 23 August 1912, Page 5

A GREAT FORTUNE.

THE LATE T. JJ. M'CARTHY'S ESTATE

BEQUESTS . TO EDUCATION AND .' - : ■' , CHARITY, ;V. -• „

(Per Press -.-Association).

' ■WELLINGTON, August 21. It is understood -that ...the late-T.. ,G. McCarthy, •of Wellington, and • formerly of the West Coast* left property, valued at •: /■ He leaves to -his widow, property estimated to produce an annual income of £15,000. • : ■■ , .-■■ ,:■ • ... . The testator, alter proving legacies for ! relatives; -and some employees,, devotes the .balance to education and charitable purposes.: • The trustees are the Governor, the. Prime Minister, -the * Mayor, of ; Wellington. and : Archbishop-Redwood. The late Mr. McCarthy's, will-was sworn for probate at ,£500,000; by. ;the Public Trustee, ■ but the real value will not .be known until a fresh' valuation is made by the, officials. The .Probate.: Office .Court: was appealed to for probate, yesterday, but under the rule providing that : it, could not be granted within a week of death, application was deferred. „; It is that a special . Act .of "Parliament will . be . necessary to enable the provisions , of the \yill as to . educational and charitable: purposes -to be carried out. - , - . : ■After the death of ■, the . widow the great bulk of the. propeirty bequeathed to her is also to be applied to the. sarrie purpose. --•>- . ■'■'. 1 The. late Mr.' McCarthy leaves the following. bequests •:..:— -'.. "\U'v .: " v ; Mrs; . Charlotte Hoad, London, niece, .:--.• _ -. ■;^-: •."' Annie Tuttman, her sister, , Edith, daughter .of "Samuel Gilmer, £1000.; . ./■•.; . -„'. . .•;'. -■; . -■'.•: Gerald.me; and Kathleen . Henry, ■daughters of the.late Dr. -Henry j^i 000 ieach.'' '■■-.. '■ ■ % ./-.-. ;' ■ \ ■. ;.; ■; ,'•■ ' j Mother :Mary . . Aubert, '£ 1006. . for her charitable^ institutions. Mrs. Batk'in, .for '•the charitable institutions of Geelbng. . To his wife an annuity of .£I2OO. Sister-in-law .^3OO. . Mother -in-law J^ioo. His carter £130 and to his widow after. ' • ' ■ . ■ ';':-.. '. ; To his wife all furniture . effects, jewellery, etc., and two .houses in 1 Boulcott Street, the . proceeds from which are continued to the husband and children 'if the widow re-marries. The'residue of 'the estate-is-entrust-ed ,to the Public Trustee/ who is to pay one-half "of 'the anriudl income to :Mrs. McCarthy, and after' her" to ' her • husband and children I . J " r ;; ' ' , : ..' The other half- is to 'be applied to educational arid charitable purposes in" the province of Wellirigton. 'v , The Public'Tru^tee'istopay income; to a Board, of Trustees ..who will ihave 1 the distribution" thereof .' ■' . | The testator declares' by his .will that he hoped to execute a furthet,,will giVr ing "details as to- these ;charitable; be-; queSts; but -if he failed to • do so the Board is to have absolute' discretion;. ■ The Public Trustee' is - given ; wide powers for the; management of proper.---ty-f ;.■.■■• ■"'■ ; ; • ' : - '•!'«■■"■ ■ .;■■'• ■ ' ,; It is ; also provided^ that after Mrs. McCarthy's : death ; the . capital •of her ,ha lf shall follow-'the 1 'destination of the residue. ; --'■' ,' ' - ,