VISCOUNT LEVERHULME
DISPOSAL OF HIS ESTATE. ANNUITIES TO EMPLOYEES. Press Association— By Telegraph—Copyright. LONDON, June 2. Viscount Leverhulme wills his estate to the present viscount (his son), but it sets aside 100,000 £lO ordinary shares in Lever Brothers as a special fund to pay legacies and annuities to persons in ms employ. This special fund will be divided into 100 parts, of which 10 will be paid to Viscount Leverhulme for the time being, 30 parts to be divided between the chairman and the special committee ■£ Lever Brothers, 20 parts among the directors of Lever Brothers and its associated companies, 20 parts will be applied to the encouragement of art, and 20 pails to charities for commercial travellers, grocers and chemists. The capital of the special fund will >e distributed in 21 years after Ins death by the testator’s surviving executors.—A. and N.Z. Cable.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19250605.2.81
Bibliographic details
Otago Daily Times, Issue 19498, 5 June 1925, Page 9
Word Count
144VISCOUNT LEVERHULME Otago Daily Times, Issue 19498, 5 June 1925, Page 9
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.