DAUGHTER’S ANNUITY

Taranaki Daily News, 14 October 1929, Page 12

DAUGHTER’S ANNUITY

INCREASE TO £7 WEEKLY, SUPREME COURT JUDGMENT. An oral judgment inc casing the allowance of Annie Pollock (Mr. Sullivan) under the will of her late father, William James Courtney, of Ponsonby, by £(JO a year, was delivered by Mr. Justice Smith in the Supreme Court at Auckland on Friday. His Honour said., that the estate, both as to capital and as to income, was ample to discharge all the claims upon it, and the case was one in which there were no competing moral claims. He concluded that the benefits which the plaintiff derived from her father until hie death might be valued, at £7 a week; and it was reasonable to suppose that he thus discharged to the full his moral obligations to his daughter. Seven pounds a week meant £364 a year, and as she was now receiving £304 from the estate, he would make an order increasing her income from it by £6O as from November 29, 1928, the date of the originating summons. These payments and the costs of the case would come out of the residuary' income of the estate. At the hearing'of the application on Wednesday, if was’stated that the estate wag now valued at £28,086, and the annual income from it was £2213, of which more than £lOOO were added to the residue annually.