THE INCHCAPES’ GIFT
ELSIE MACKAY’S ESTATE. to' reduce national debt.
! British Official Wireless.) (Received 1, 10.40 a.m.) Rugby, Nov. 30.
The necessary arrangements have now been made to give effect to the wishes of Lord and Lady Incheape and their children regarding the disposal of the estate of Miss Elsie Mackay who was lost in the attempt to fly the Atlantic in company with Captain Hinchdiffe. The Chancellor of the Exchequer announces that the sum of £521.000 has been paid to him as the residue of the estate, after payment of duties etc., and that it has been placed in the hands of trustees to accumulate for 50 years, and then to be applied to the reduction of the national debt. The Chancellor of the Exchequer, the Governor of the Bank of England, and the Comptroller-General of the National Debt Office for the time being are appointed managing trustees, and the Treasury solicitor is to be the custodian trustee.
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Bibliographic details
Hawke's Bay Tribune, Volume XVIII, Issue 297, 1 December 1928, Page 5
Word Count
159THE INCHCAPES’ GIFT Hawke's Bay Tribune, Volume XVIII, Issue 297, 1 December 1928, Page 5
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