AN £800,000 ESTATE

Otago Witness, Issue 3145, 24 June 1914, Page 6

AN £BOO,OOO ESTATE

MRS TOWNEND'S WILL. LARGE PRIVATE BEQUESTS. The bequests of the late Mrs Annie Quaylo Townend, of Christchurch, to chanties and public institutions were published a few weeks ago. The private bequests are also large and numerous, ..the principal ones being as follow: Maud Tabart : Annuity of £2OOO for life, freehold property Glenholme, at Cashmere Hills, and furniture; Silent Knight motor car, and all pictures in the room at Mona Vale known as Miss Maud Tabart s bedroom. A wish is expressed that the unmarried sisters of Miss Maud Tabart shall be permitted to reside at Glenholme, sharing the expenses of housekeeping, but without the creation of anv trust in their favour. Julia Caroline Crosby, widow, of Cashmere Hills: Freehold property Glenmaye, Cashmere Hills, absolutely, with an annuity of £6OO for life, payable on her death to her daughters, Adcle and Eleanor, in £SOO each. Geoffrey Sprott Tabart, auctioneer: Freehold property, Fapanui road, Glenmore, absolutely A. A. M. M'Kellar: An annuity for life of £IOOO, payable after his death to his wife, or on the death of both to Cecil George M’Kellar To A. A. M. M’Kellar also is given the use and occupation during life of the property and three acres and a-half at Harakeke street. Riccarton, which shall pass to his wife on the same conditions, to hold for Cecil George M’Kellar, absolutely. Cecil George M’Kellar: £20,000 absolutely, and certain furniture from Mona Vale and Glenholme. Mrs Victoria Ross, Berkshire, England: An annuity of £IOOO for life. Lady Charles Campbell, Loudon: Annuity of £250 during widowhood. . Henrietta Macbeth, Mansfield avenue, Christchurch: Annuity of £6OO, to be divided between her four daughters on her death. Laura Rose May ’Tabard and Mary Tabart: Annuity of £250 each for life. Thomas Scott Johnston, farm manager at Glenmark: Annuity of £SOO for life, to bo continued to his widow until she should marry again ; also £SOOO, with a wish that he should purchase portion of the Glenmark Estate when it is subdivided. Marjorie Turner (nee Townend): Annuity of £250 for life. Rosa Townend: Annuity of £250 for life. Mai Ensor (nee Townend) ; Annuity of £250 for life. Rose Day, widow of W. A. Day: Annuity of £3OO for life. George Worthington, gardener: Annuity of £IOO for life, to widow, with use of house and household effects for life, rent free. Percy Robinson, chauffeur: Annuity of £IOO for life, and to revert to widow. Alice Dunkley, widow of Canon Dunkley, Glenmark: Annuity of £3OO for life. Archdeacon Thorpe, Sumner: Annuity of £3OO for life, to be continued to his widow. Rev. T. A. Hamilton, of Fendalton: Annuity of £3OO for life. Rev. C. A. Tobin, Burwood: Annuity of £2OO for life, to revert to his widow. Edwin James Lush, of Hackthorne road: Annuity of £2OO for life. “To my relative, Jcanie Ingato, of Battersea Park, London: £2OO for life.” “To my relative, Sarah Grier, Kensington, London : £2OO for life.” Mary Anne Povey, late of Sumner: £2OO for life; on her death, payable to Mary Alicia Elizabeth Anderson. Rev. F. R, Inwood, Cashmere ; £2OO for life, payable after bis death to his widow. Mrs Maybury and her brothers and sisters; Occupation of freehold property. No. 10 Constance street, Merivale, with a sum of £2OO per annum. Thomas Burch, head gardener: Use of freehold property on west side of railway line/ Fendalton, and £3OO a year. William Prettijohns, groom: Occupation for life of freehold property at Clyde road, and annuity of £l5O. William Ginn, chauffeur: Occupation of property in Matai street, Riccarton, during life, if in employ at date of decease, and £l5O a year for life. Annie Kars and her mother or the survivor : Occupation for life of property in ■\Vcstcnra street, and .annuity of £IOO to Annie until she marries, when the annuity shall go to her mother. Matthew Stoddart Brown, solicitor: £SOOO absolutely. Peggy Palmer, daughter of Edith Palmer, Whatatutu, Gisborne; £4OOO on her attaining the ago of 21 years. Nurse Maude; As long as she is associated with her present work of relieving distress, £2OO a year. On condition that they should have been at least one year prior to and were remaining in her employ at, the date of her decease, Mrs Townend left the following sums: Joan Macauloy £2OO, and to each of the other maid-servants £IOO. All those bequests were to bo net, and not reducible by legacy duty.

The residue of the estate goes to Mrs Townend’s cousin, Thomas Hamilton Moore, of Billerun, Isle of Man, absolutely. The trustees are Alfred A maud Morris M’Kellar. accountant; Cecil George M’Kellar, accountant; Norman Lindsay Macbeth, accountant; and Francis Henry Pyne, auctioneer. To each of them £SOOO is left. Mrs Tovvnend in her will provided that her vacant section at Lower Riocarton, the land and stables adjoining, and also the vacant section in Stravcn road and Avondale, should be reserved from sale so long as her pet homes and cattle were left. In the codicil she empowers the trustees to dispose of those lands, on condition that they make ample provision for her pot horses and cattle. A particular desire was expressed by Mrs Townend in the will that her plots, both in Riocarton and Linwood cemeteries, should always he kept in perfect order. THE ESTATE DUTY. NOT LESS THAN 25 PER CENT. The estate is valued at £BOO,OOO, which will have to pay estate duty of 15 per cent, equal to about £120,000. On top of that there will bo succession duty. Supposing that £50,000 covering the bequests to charity and public institutions were exempt from duty, there is a sum of £750,000 which must bear succession duty. At the present time (the Lyttelton Times says) it is impossible to assess- this amount, except roughly,* as the relationship of the cousin at Home is not clear. If he is a first cousin —that is. a son of Mrs Townend’s father’s brother—he is within the fourth degree of relationship. In that case he would pay 5 per cent, on the first £20,000, and 10 per cent on everything over that. If he is not within the fourth degree, ho would have to pay 10 per cent, on the first £20,000, and 20 per cent, on the balance. A conservative estimate places the total duty on the estate at 25 per, cent., which would produce £200,000. Probably 30 per cent, would bo nearer the mark. _ _ All other bequests to persons not. within the fourth degree of relationship will have to pay 10 per cent, on the first £20,000 and 20 per cent, -above that sum.