ESTATE WORTH £750,000

New Zealand Herald, Volume LXIX, Issue 21276, 1 September 1932, Page 10

ESTATE WORTH £750,000

LATE MR. G. D. GREENWOOD PROVISIONS IN WILL MONUMENT FOR GLOAMING COST NOT TO EXCEED £SOO [llY TELEGRAPH —OWN CORRESPONDENT] CHRISTCHURCH. Wednesday The will and codicils of Mr. G. D. Greenwood, who died last Sunday, were filed for probate in the Supreme Court to-day. The bulk of the estate is directed to be held in trust, subject to various directions. The estate was sworn at under £750,000.

The testator's racing and stud horses are directed to be sold. Provision is made in respect of the racehorse Gloaming to the following effect: — " I direct that my trustees shall, at the cost of my residuary estate, make suitable provision at Teviotdale for the proper care and maintenance of my horse Gloaming during his lifetime, and upon his death I direct that he shall be buried at Teviotdale or at any other suitable place to be selected by my son, Harold Dean, or by my trustees, and a slab or headstone of marble, bronze or other durable material, suitably inscribed, shall be erected over his grave; I authorise my trustees to pay a reasonable sum of money out of my residuary estate for the burial of my said horse and for erection of the said slab or headstone, and I direct that the money to be so expended shall not exceed the sum of £500." Gloaming died on May 5 of this year. Racing Cups and Heirlooms Had Mr. R. J. Mason, formerly trainer of Mr. Greenwood's horses, survived, he would have had the right of selection of a horse from among the testator's stud. The racing cups and certain heirlooms devolve with the freehold of Teviotdale. Teviotdale Station goes in trust to Mr. Harold Greenwood for life and after his death to his elder son. The testator's widow, Mrs. G. D. D. Greenwood, takes an annuity under a settlement. Mr. Oakley Greenwood, Mrs. Ramsav, of Australia, a daughter, and Mrs. Harold Greenwood, also each take an annuity. These annual payments amount to £6OOO per annum. Various relatives of the testator resident in England also take benefits under the will. Property in England The estate, including property in Australia and elsewhere, is held by the trustees, with power to carry on the business of farming. There are provisions relating to the various trusts and a direction concerning the testator's landed property in England which'the testator desired to be retained in the family. After satisfying these various payments, the trustees are directed to accumulate any balance of income for the benefit of the testator's grandchildren. Messrs. Harold Greenwood and F. S. Wilding are appointed executors and trustees.

The racehorse Gloaming, who died in his 17th year, was the champion of his day and raced with outstanding success both in Australia and New Zealand. His stake-winnings amounted to £43,100 and stood as a record until beaten by Amounis and Phar Lap. In a long career Gloaming scored many notable victories and on only one occasion failed to gain a place. That was when he was a three-year-old, the race being the North Island Challenge Stakes at Trentham. Gloaming caught the tapes at the start and fell. He made his last public appearance when he was paraded at Dunedin in February, 1926. In all, Gloaming contested 67 races for 57 wins and 9 seconds.