NORTHGLIFFE’S WILL

New Zealand Times, Volume L, Issue 11435, 3 February 1923, Page 6

NORTHGLIFFE’S WILL

ESTATE OF £5,000,000 GENEROUS LEGACIES' TO ALL WHO HELPED HIM. PROVISION FOR RELATIVES. By Telegraph.—Press Assn. —Copyright. Australian and N.Z. Association. (Received February 2, 5.5 p.m.) LONDON, February 2. The late Lord Northcliffe’s estate is valued at £5,000,000. , His will directs that the estate snail be invested, and the income formed into a trust fund, divided into 100 parts, of which 71j parts will form a residuary trust. Out of this fund an annuity of 24 per cent, of the income from the residuary trust will be paid to Lady Northcliffe during her widowhood, 8 per cent, to Lord Northcliffe’s mother, and other smaller percentages to his sisters, brothers, and executors. Generous legacies and annuities from a special legacy fund are to be paid to writers and others who helped to establish the Northcliffe press, and to his private secretaries. The amount of £IOOO is to be given fo every director of Lord Northeliffe's companies and £SO to each “falKer of the chapel” in the printing departments.

TWOWILLS ONE DECLARED INVALID. DECISION BY CONSENT. Australian, and N.Z. Cable Association. LONDON, February 1. Air Justice Duke, in the Probate Division, by consent, pronounced against tbo Northcliffe will of July, 1922, propounded by Lady Northcliffe as executrix, which Sir George Sutton and Air Arnholz caveated as executors of the earlier will. Sir John Simon, representing Lady Northcliffe, announced that a settlement had been reached. The terms of the compromise left no loophole for further controversy. Lord Northcliffe left a number of documents expressing his wishes in some formal legal shape, and others of a much less formal character. Lady Northcliffe was unable to establish the documents propounded as duly-constituted testaments, and therefore consented to these being pronounced against. The parties interested in these documents were provided for under the will, which the executors had already proved, and also by the term of the compromise. Air Justice Duke pronounced for the will of March, 1919, with four codicils.