THE HUNTER ESTATE

New Zealand Herald, Volume LXXIII, Issue 22444, 13 June 1936, Page 16

THE HUNTER ESTATE

INTEREST IN f LEGACIES SUPREME COURT DECISION [BY TELEGRAPH —PRESS ASSOCIATION*] WELLINGTON, Friday In a reserved judgment Mr. Justice Smith to-day held that the legatees in the estate of the late Sir George Hunter were entitled to interest at 5 ! per cent per annum; also that the | residuary estate was liable for the payi inent of estate and succession duty. To enable further consideration of the question of the allocation of the pav- • ments of interest to l residuary income or capital, and other questions outstanding, the summons was adjourned. Issues arising from the estate of the late Sir George Hunter were discussed in the Supreme Court on May 7, when the opinion of Mr. Justice Smith was sought on whether various legatees were entitled to be paid in-., tercst on their respective legacies, and if so. at what rate of interest, and whether out of the capital,or the income of the estate, and whether tho residuary estate was liable for payment of estate and/or succession duty assessed in respect of a legacy of £SOOO bequeathed in a codicil to a niece, Helen May Hunter.