LORD! MOUNT STEPHEN

Otago Daily Times, Issue 18465, 28 January 1922, Page 10

LORD! MOUNT STEPHEN

PRINCELY BEQUESTS TO CHABITY. £500,000 TO KING HOWARD’S , ; HOSPITAL. Press Association—By Telegraph—Copyright. LONDON, January 26. The late Lord Mount Stephen loft £1,600,000. He bequeathed £IO,OOO to the Ramardo Homes and £2OOO to the Victoria Hospital, Montreal. After provision for bia wife, his servants, and his executors, the residue, amounting to over £soojooo, will go to King Edward’s Hospital and N.Z. Cable. DEATH DUTIES HALF A MILLION; t LONDON. January E 6. (Received Jan. 27, at 8.50 p.m.) It is understood that the residue of Lord Mount Stephen’s estate amounts to £750,000; but the Hospital Fund has to pay therefrom death duties totalling £600,000.—A. and N.Z. Cable. [Lord Mount Stephen, whose death occurred on November 29, was one of the “Grand Old Men” of Canada. His name ■was linked with that of his cousin, Lord fitrathoona, in connection with the making of the Canadian Pacific Railway, one of the meet notable feats in the romantic history of the dominion. Like Cardinal Wdsoy, he was “an honest poor man’s eon.” He was bom at Dufftown, Scotland, in 1829, and received bis education at the local parish school. He went to Canada in 1850, and entered there into business which proved in ©Very way successful. For his services in connection with the Canadian Transcontinental line he was mode a Baronet of the United Kingdom in 1886, and wo* pained to the peerage os Lord Mount Stephen in 1891. He was always a most liberal contributor to public charities. In 1886 he and Lord Stmthcona gave £200,000 for the erection of the Royal Victoria Hospital, Montreal. Between 1902 and 1903 bo made to King Edward’s Hoepital Fund a gift of securities yielding an income of £7OOO per annum. In politics ha waa a Conservative, and in religion a Presbyterian. After his death Lady Mount Stephen wrote to the _ General Council of King Edward’s Hospital Fund for London, announcing that her late husband had left the residue of his fortune to the fund. She added: “It is, I believe, practically nearly the whole of his fortune.” The amount of the bequest was not mentioned, but it was presumed to be very great, os Lord Mount _ Stephen had been wealthy enough to give £200,000 to the fund in 1902, a similar sum in 1905, and £IOO,OOO in 1908. The council unanimously passed o- resolution acknowledging with gratitude the ’lnto peer’s “wise benevolence,” and condoning with Lady Mount Stephen in hex bereavement.]