A WEALTHY ESTATE

Nelson Evening Mail, Volume LXI, 6 August 1928, Page 5

A WEALTHY ESTATE

United Press Association—By Electric Telegraph—Copyright Australian PreßS Association

LONDON, 3rd August. The estate of Sir George Wills has been provisionally sworn at £10,000,000. £4,000,000 TO THE STATE s LONDON, 4th August, The Exchequer will benefit to the extent of £4,000,000 from tho Wills estate under the maximum death duty at a rate of 40 per cent. After legacies are paid to relatives, employees, and charities, the residuary estate will be left between the children. The late Sir George Wills yvas at one lime chairman of the Imperial Tobacco Company, and c]ied on 11th July, aged 74. Tie’ belonged To the family of millionaires, of whom since his father died nineteen years ago, leaving a fortune of over £5,000,000, three members have died and each of them has left over £1.000.000. In the aggregate their fortunes totalled about £26,000,000, and in duties alone it is estimated that 010,000,000 has passed to the Treasury. Sir George was a generous supporter of charitable, educational, and other institutions, to which he gave gifts totalling £500.000, including £300,000 to Bristol University.