NORTHCLIFFE’S WILL.

Waimate Daily Advertiser, Volume XXIII, 3 February 1923, Page 6

NORTHCLIFFE’S WILL.

"FATHERS OF CHAPEL” BENEFIT. (I er Press Association—Copyright.) LONDON, Feb. 2. Lord Northcliffe’s estate is valued at £5,000,000. The will directs that it shall be invested, and the income forwarded into a trust fund, divided into 100 parts, of which 71} parts will form a residuary trust. Out of this fund, an annuity of 24 per cent, of the income of the residuary trust will be 'paid to Lady -Ndrthcliffe during her widowhood, and eight per cent, to Lord Northcliffe’s mother. Other smaller percentages go to sisters, brothers and executors. Generous legacies and annuities form a special legacy fund to go to writers and others who helped to establish Lord Northcliffe’s Press, and to private secretaries. The sum of £lOOO is given tn every director of Lord Northcliffe’s companies, and £5O to each "Father of the Chapel” in his printing departments.—A. and N.Z. Cable.