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diff --git a/41888-8.txt b/41888-8.txt deleted file mode 100644 index 7de28ba..0000000 --- a/41888-8.txt +++ /dev/null @@ -1,3035 +0,0 @@ -The Project Gutenberg EBook of De Mortuis Nil Nisi Bona, by -Ernest Evan Spicer and Ernest Charles Pegler - -This eBook is for the use of anyone anywhere at no cost and with -almost no restrictions whatsoever. You may copy it, give it away or -re-use it under the terms of the Project Gutenberg License included -with this eBook or online at www.gutenberg.org - - -Title: De Mortuis Nil Nisi Bona - Being a Series of Problems in Executorship Law and Accounts - -Author: Ernest Evan Spicer - Ernest Charles Pegler - -Contributor: D. F. de l'Hoste Ranking - -Illustrator: E. T. Reed - -Release Date: January 20, 2013 [EBook #41888] - -Language: English - -Character set encoding: ISO-8859-1 - -*** START OF THIS PROJECT GUTENBERG EBOOK DE MORTUIS NIL NISI BONA *** - - - - -Produced by tallforasmurf and the Online Distributed -Proofreading Team at http://www.pgdp.net (This file was -produced from images generously made available by The -Internet Archive/American Libraries.) - - - - - - - - - -TRANSCRIBER'S NOTES - -Three minor typographical errors were found and corrected, none of which -affected the sense of the text. - -The FOREWORD is in Latin. For the reader's convenience it is repeated at -the end of the text with a free English translation inserted. - - * * * * * - -[Illustration: Title Page with decoration ] - - DE - MORTUIS - NIL NISI - BONA: - - BY - - SPICER & PEGLER - - ILLUSTRATED BY - E. T. REED - - * * * * * - - _BY THE SAME AUTHORS_ - - - By SPICER and PEGLER. - - BOOK-KEEPING AND ACCOUNTS. (Third Edition.) - PRACTICAL AUDITING. (Second Edition.) - AUDIT PROGRAMMES. (Third Edition.) - PRACTICAL BOOK-KEEPING AND COMMERCIAL KNOWLEDGE. - INCOME TAX IN RELATION TO ACCOUNTS. (Third Edition.) - EXAMINATION NOTE BOOK FOR ACCOUNTANT STUDENTS. (Second Edition) - UNDERWRITERS' ACCOUNTS. (Second Edition.) - TABLE A: A COMPARATIVE ANALYSIS. (Second Edition.) - INCOME TAX PROBLEMS. - KEY TO INCOME TAX PROBLEMS. - THE MOTOR ACCOUNT BOOK AND REGISTER. - - By ERNEST EVAN SPICER, F.C.A. - - AN OUTLINE OF THE MONEY MARKET. - THE ACCOUNTS OF AN EXECUTOR. (Third Edition.) - INTERNAL CHECK IN RELATION TO A MANUFACTURERS' - BUSINESS. (Second Edition.) - RESERVES, ANNUITIES AND SINKING FUNDS. (Second Edition.) - INCOME TAX CLAIMS AND APPEALS. (Second Edition.) - A SUMMARY OF THE INCOME TAX PROVISIONS OF THE FINANCE (1909-10) - ACT, 1910. (Second Edition.) - INCOME AND SUPER-TAX, AND ITS LEGAL EVASION. - DISSOLUTION, AMALGAMATION AND RECONSTRUCTION ACCOUNTS. - DIVISIBLE PROFITS AND DIVIDENDS. - THE EXPORTATION OF BRITISH CAPITAL. - THE DEPRECIATION OF GILT-EDGED SECURITIES. - - By ERNEST C. PEGLER, F.C.A. - - SOME NOTABLE FRAUDS IN ACCOUNTS. (Second Edition.) - AN AUDIT OF TRUST ACCOUNTS. - STOCK EXCHANGE TRANSACTIONS. - THE PRINCIPLES OF AUDITING. - COMPARATIVE AND INTERIM ACCOUNTS. - - By RANKING, SPICER and PEGLER. - - EXECUTORSHIP LAW AND ACCOUNTS. (Third Edition.) - PARTNERSHIP LAW. - ARBITRATION AND AWARDS. - MERCANTILE LAW. - BANKRUPTCY AND DEEDS OF ARRANGEMENT ACT. 1913. - - By RANKING and SPICER. - - A PRIMER OF COMPANY LAW - - * * * * * - - DE MORTUIS NIL NISI BONA - - BEING A SERIES OF PROBLEMS IN EXECUTORSHIP - LAW AND ACCOUNTS - - BY - - SPICER & PEGLER - - CHARTERED ACCOUNTANTS - - 60, Watling Street, London, E.C. - - - WITH A FOREWORD IN THE LATIN TONGUE BY - - D. F. de l'HOSTE RANKING, M.A., LL.D. - - - ILLUSTRATED BY - - E. T. REED - - Price 5/- net. - - London: - - H. FOULKS LYNCH & CO. - - 9, Fenchurch Street, E.C. - - 1914 - - * * * * * - - To - All Spinster Aunts and - Bachelor Uncles - who do their duty by - their Nephews and Nieces - in - Matters Testamentary - This Book is affectionately dedicated. - - * * * * * - - - - -PREFACE. - - -No one can say that our Motives are unworthy, for our object is to -instruct. But there are some who may object to our Methods, and it is to -such that we offer, not an apology, but an explanation. - -A very large section of the Public cling to the belief that Law must be -as dry as Dust, and Accounting as tedious as the Treadmill. - -The truth is, it is not the Practice of Law or of Accounting that is -uninteresting, but rather is it the Theory which is often rendered so by -Teachers whom Providence never ordained to teach. - -If, therefore, the employment of unorthodox methods helps to interest -the Student in his subject, and to stimulate him to further effort, any -apology would be out of place. - - ERNEST EVAN SPICER. - ERNEST C. PEGLER. - - 60, Watling Street, - London, E.C. - January, 1914. - - - - -FOREWORD. - -By D. F. de l'Hoste Ranking, M.A., LL.D. - - -De mortuo illo quid dicam? "Nilnisi bonum" ut aiunt. - -Sed quid si nil boni fecit? De bonis licet loqui. - -At si nulla bona reliquit? De eo tacere decet: si neque bonum fecit nec -bona acquisivit nil valet. - -Sed si bona reliquit in sermonem hominum semper venit; vitia operta sunt; -pecuniam fecit, illa quidem "non olet." Quem heredem instituit? Extraneis -haec omnia livori proxima videntur. Te autem si tu aut cognatione aut -affinitate propinquus exspectatio tenet. An mea interest? Si sic habet, -quanti? Suave est ex magno tollere acervo; ejus pecunia quid non facere -possim? - -Siste, amice; aliquantulum cogita; supersunt multi cognati; fieri potest -ut aut cum aliis bona partire debeas, aut exheredatus sis. - -Gerrae! Sine dubio testamentum fecit: et cum ratione constat me alicuius -rei legatarium esse. Nemo enim magis eum fovit; alii omnes cognati -asseclae; solus eum amavi. - -Insipiens, inter os et offam multa intervenire possunt. Audi de gente -Fulvia fabellam: de multis mutato nomine narratur. - -(In scena est coenatio Georgii Fusci, argentariorum interpretis. Fuscus, -bene coenatus, alterum cyathum Falerni sorbillat. Accurrit uxor, commota; -in manu litteras resignatas tenet). - -U. Georgi! - -F. Quid tibi nunc est? Num quid novi est? - -U. Amita mea Maria decessit! - -F. Bene! nunquam postea illud vile Sabinum necesse erit obsorbere: magnum -est solatium. - -U. At tu Georgi semper id laudasti! - -F. Et tu simul filiaeque semper miratae estis Persicam illam detestabilem -et psittacum dissonum, et laudibus extulistis: pretium fuit vetulae -placere. - -U. Esto: illa vero suavia erant. At hic mihi litterae a cognitore ejus -Semaureo allatae: dicit se hodie vesperi te conventurum. - -F. Demiror si testamentum fecit! Sin minus omnia ad te perveniunt, tu -heres ex asse; cognati alii desunt. - -U. Est quidem mariti nepos iste. - -F. Nullus: tu sola heres: si intestata omnia ad te. - -U. Tabulas vere fecit: cognitor scribit se te conventurum quia testamentum -ad rem tuam maxime pertinet. - -F. Mihi crede igitur! Aliquid magni tibi legavit: haud verisimile illam -quidquam juveni Albo legasse: nunquam iliam observavit; homo nil est nisi -pictor ignotus aut aliquid simile: uxorem quoque duxit quamdam inopem, et -eis saepe amita tua subvenire debuit. - -U. Fores pulsantur: advenit cognitor! - -F. Dic famulae ut alteram cyathum ponat. - -(Ingreditur Dominus Semaureus.) - -Quid agis vir doctissime? Mea uxor dixit te venturum; nonne ob testamentum -amitae ejus? - -S. Sic res habet, Fusce; venio ad te quod hoc res tua maxime refert; et -scio te onus suscepturum. - -F. An sic habet? Vetulae illi multa bona provenere ut opinor. - -S. Permulta: super haec te consulendum putavi. Hic mecum tabulas attuli -ut eas inspicias. - -F. Bene est; Dignissima erat; cui semper plurimum tribui. Falerni sume -cyathum. - -S. Benigne dicis; dimidium: bona venia uxoris tuae est mihi in animo -summas testamenti reddere; ad illam quoque pertinet. (Testamenta allata -resignat.) - -Post nonnulla famulis legata ita instituit: - - "Fratris filiae Mariae lego Persicam et Psittacum quae animalia - tantopere admirata est, certa fiducia se illis hospitium - praebituram; eidem etiam lego annulum meum gemmatum. Nepoti - ejusdem Mariae viro Georgio Fusco lego omne quod in hypogaeo - superest vinum illud Falernum quod semper laudabat." - -F. (In malam rem.) - -S. "Quod ad ceteras possessiones Georgius Fuscus heres esto ex asse: -(subridet Fuscus et uxori in aurem susurrat "ita ut dixi.") - -S. (Conversa tabula) "et rogo eum ut cum primum potuerit haereditatem -adire, omnibus et fundis et mobilibus venditis, pecunias in cautionibus -publica auctoritate factis collocet et fructus reddat nepoti mariti mei -Jacobo Albo et uxori suae in aetatem aut utri eorum vita superarit: eis -mortuis ut inter liberos eorum caput dividat: aut liberis sine prole -defunctis caput reddat ad sodalitatem Anthropophagis Africanis informandis -et nutriendis institutam: praemio sint fiduciario viginti in annum -librae." - -F. Anus odiosa et malefica! At enitar ut testamentum rescindatur; -inofficiosi testamenti querelam instituam! Delira fuit! - -S. Immo mentis omnino compos fuit, Improbe: sic summa fide clamabo et -testabor. Verba tua pro tempore et re indecora. Tui piget me: evado. - -F. Maria! - -U. Georgi! - -Uterque. Exsecrabilis Illa! - -(Aulaeum tollitur.) - -[Illustration: Charles Augustus Algernon de Jones "... he gave Five -Thousand Pounds to London's Home for Lost and Straying Hounds."] - - - - -PROBLEM No. 1. - - - Within St. Dunstan's Churchyard rest the bones - Of Charles Augustus Algernon de Jones, - Who left, besides a widow, tall and fair, - Four infant daughters all with ginger hair. - - The worldly goods of which he died possessed - Were valued, net, twelve thousand of the best. - He died intestate, left no real estate, - Broke his neck hunting at a five-barred gate. - - Two years before he left this vale of tears, - He justified his wife's most anxious fears, - He spent ten thousand on a rope of pearls, - A gift to one of Daly's Chorus Girls. - - This was a falling from the narrow course - Which lasted but a fortnight; then remorse - O'ercame him, and he gave five thousand pounds - To London's Home for Lost and Straying Hounds. - - This good deed mollified his jealous wife, - And two years later, when he quitted life, - The widow buried anger with the bones - Of Charles Augustus Algernon de Jones. - - * * * * * - - And now as everyone knows - This tragedy comes to a close, - With fallings and failings - And funeral wailings - 'Mid sighings and sobbings and woes. - - Do not think that this story is lax - Or of improbability smacks; - I tell you it's true, - And I'm waiting for you - To say what did the Revenue Tax. - - - - -PROBLEM No. 2. - - -And when Joseph was dead his son Benjamin took unto himself a Wife and -they had issue, two Boys and one Girl. - -Now the elder of these two Sons was comely to gaze upon and when he was -yet two years from Man's Estate his Father said unto him, "My Son, your -Father's Brother is old and nearing death. Take heed, therefore, lest his -wealth be scattered amongst the Gentiles." And the Son answered, "Fear -not, my Father, from henceforth I will be unto my Father's Brother as a -Son." - -But after Seven Days had passed away the Uncle died and all his Flocks and -Herds were left to his Brother Benjamin's Children. And on the Seventh Day -after the Brother's death, the Woman, whom Benjamin had taken to wife, -gave birth to Twin Children, and after Seven more Days had passed, the -Male Child sickened and died. And Benjamin wept for his Son and looked -not upon the Child that lived, and refused all meat, so that he weakened, -and after Seven more Days he was buried in the Tomb of his Fathers (near -Shepherd's Bush). - - * * * * * - -N.B.--There were fortunately no further deaths in Benjamin's family, -and the Uncle's Legacy to his "Brother's Children," which was valued for -Probate at £12,000, was duly divided between them. - -How much did each receive? - - - - -PROBLEM No. 3. - - -Sir Hazel Knut, Bart., died, and the whole of his Estate, after the -payment of Estate Duty, Debts, and all expenses, amounted to exactly -£15,000. - -He bequeathed the following Legacies, all free of Duty except the Settled -Property. - - _Lady Knut_, his widow, £2,000. - - Lady Knut also had the use of a Governess Cart, together - with a Shetland Pony, for life, with remainder over to the - Toddington Cottage Hospital. These were valued for Probate at - £60, and the value of the life interest was computed at £12. - - _George Filbert_ (aged 12), a son of Lady Knut by a former husband, - £200. - - _Selina Knut_, daughter (aged 4), £1,200. - - _George Lightfoot_, son-in-law, who married Sir Hazel's charming - daughter Rose, £1,200. Rose predeceased Sir Hazel by 4 years, but - the Twins survived. To each of these children Sir Hazel left One - Thousand Guineas. - - _Mrs. Gubbins_, Sir Hazel's aged mother, £1,000. - - _Mr. Gubbins_, Stepfather to Sir Hazel, the Racehorse "Fleetfoot," - aged 14, by Footrest out of Fleet Rabbit, valued at £19 19s. 0d. - - _Rev. Stirling Knut_, nephew, £100. - - And £50 each to the following: - - _Cutforth Crawley_, Lady Knut's sister's son. - - _Lady Augusta Ramsbotham_ (sister-in-law, Lady Knut's eldest - sister). - - _Dorothy Smith_, who married Robert, Sir Hazel's eldest son, 3 - months after the funeral. - -The Residue of the Estate was left absolutely to Robert. - - * * * * * - -Show how much Sir Robert Knut inherited. - -[Illustration: The Racehorse, "Fleetfoot." By "Footrest" out of "Fleet -Rabbit." Aged 14.] - - - - -PROBLEM No. 4. - - -Mr. Mordecai Moribund was a pessimist during life and died a violent -death. His facial appearance was much disfigured by a sad squint, and this -affliction to his eyes contributed in no small degree to the tragedy which -at once deprived Mrs. Moribund of a husband and a son. The son, a bright -youth of twenty summers, had been sent down from Oxford University by -the authorities rather as a warning to others than for any great offence -which he had committed. Nevertheless, the disgrace was keenly felt by his -mother, and it was for this reason that Mr. Moribund decided to take him -for a trip to India, until time had healed the wound. - -Arrived in India, Mr. Moribund promised his son, Morton, to arrange for -a tiger shooting expedition. This fatal promise caused all the trouble, -for Mr. Moribund, owing to his visual defects, thought he observed a -tiger approaching from the west and forthwith discharged his rifle. The -bullet missed the tiger and passed through the head of the unfortunate -Morton, who was thereby killed on the spot. Mr. Moribund, horrified by -the accident, moved his position and slid from the back of the elephant -right into the jaws of the infuriated animal. Assistance was rendered -immediately, and Mr. Moribund was rescued from his unfortunate position, -but not before he had sustained injuries from which he succumbed four days -subsequently. - -Mr. Moribund, by his will, left everything of which he was possessed to -his widow absolutely. This property, after deducting debts, amounted to -£137,500, but an examination of his affairs disclosed the fact that two -years previously he had conveyed as an absolute gift to his son, Morton, -the sum of £100,000. This money had been invested by Morton in Bearer -Bonds of the Royal Japanese Steamship Company at an average price of £80%, -but on the date of Morton's death these Bonds stood at £120%. Morton, by -will, had left his entire fortune to a Miss Flossie Teazle, an actress -whom he had met at Oxford. - -[Illustration: The Death of Mr. Mordecai Moribund.] - -Show what duties were payable to the State as a direct consequence of the -Tragedy. - - * * * * * - -Note.--The following epitaph, shamelessly copied from one in Malmesbury -Abbey, was inscribed on Mr. Moribund's Tomb:-- - - In bloom of life - He's snatched from hence, - He had not room - To make defence; - For Tyger fierce - Took life away, - And here he lies - In bed of clay - Until the Resurrection Day. - - - - -PROBLEM No. 5. - - -It is a strange circumstance that little men with red hair usually have -large families. At any rate Septimus Hawkins had red hair and twelve -children, of whom eleven were living, but strangest of all he died -intestate worth £122,600 subject to the payment of Estate Duty, and of -which the Real property was valued at £36,000. - -[Illustration: "Mrs. Hawkins had been very beautiful in her younger -days."] - -Mrs. Hawkins had been very beautiful in her younger days, but time and -children had robbed her of her rosy cheeks; and realising that widow's -weeds did not become her, she withdrew shortly after the funeral to the -seclusion of a country life, where she spent her time ministering to the -sick, and looking after her late daughter Pearl's two small children. The -names of her children in chronological order were as follows:-- - - 1. P earl. Died 1912 - 2. E dward. - 3. R ebecca. - 4. S elina. - 5. E mma. - 6. V era. - 7. E velyn. - 8. R ichard. - 9. A melia. - 10. N athaniel. - 11. C hlotilde. - 12. E rmyntrude. - -How should the property of the late Septimus Hawkins be distributed, and -how much did the respective beneficiaries receive? - - - - -PROBLEM No. 6. - - -Very few men can state with any degree of accuracy how long they will -live, but Nathaniel Hibbert told his Wife he would die at 8 o'clock in the -morning of Tuesday, the 22nd April, 1913, and he did die at that very time -on that very day. He was standing on some scaffolding when a platform gave -way under his very feet, and he broke his spinal cord. In other words he -was hanged. His Solicitor urged him to make a Will and the prison Chaplain -added his earnest entreaties, but Mr. Hibbert turned a deaf ear to all -such suggestions. Even the sight of his Wife and only child did not affect -his determination, and he died intestate. - - * * * * * - -What happened to the £1,200 of which he died possessed? - -[Illustration: "Mr. Chicory loved his wife almost as much as Mrs. Chicory -loved her husband."] - - - - -PROBLEM No. 7. - - -Mr. Chicory loved his wife almost as much as Mrs. Chicory loved her -husband. They had lived together for nearly forty years, and every -Saturday morning throughout that long time Mr. Chicory had faithfully -handed over to his wife his entire earnings, which were not much, and -deducted only 5s. per week, which served as pocket money for Mr. Chicory, -and enabled him to provide coals during the winter months, collection -money at church, oil for the lamps, and sundry presents from time to time -to his children, to say nothing of the Lame Crossing Sweeper. - -Each week a small sum was deposited in the Post Office Savings Bank, and -when Mr. Chicory died, not only had he to the credit of this account a -balance of £108 0s. 10d., but his Cottage, which was valued at £90, was -his own Freehold Property. He had made a Will and paid the Solicitor -10s. 6d. for drawing it up, and nobody could have read what he said about -his old wife, to whom he left everything, without feeling a lump in the -throat. - -On the day of his funeral not one blind was undrawn in all the Cottages -round about, and Mr. Michaelmas, the Carriage Builder, sent a landau -specially for Mrs. Chicory. At least one hundred people went to the -Church, where the good old Vicar read the Service, and the Lame Crossing -Sweeper painted his broom-handle black. - -Mrs. Chicory, some weeks later, paid the Solicitor another 10s. 6d., as -a fee, and asked him to do the rest. - - * * * * * - -What did he do? - - - - -PROBLEM No. 8. - - -Men who are mean during life and who would grudge a present of 5s. to -the postman at Christmas, or who would spend a whole day in another man's -motor car and fail to tip the Chauffeur at the end of the journey, often -prove very generous with their money when they die and can no longer enjoy -the satisfaction of possession, which during lifetime they cherished so -dearly. - -Such creatures usually bequeath their property to Charitable Institutions -at the expense of deserving relatives, who have, at any rate, in Equity, -a claim to at least some small share thereof. - -The Law of Italy corrects this injustice, and no man can will away at -death the whole of his property to strangers, if he leaves a Widow or -Relatives living of a nearer kinship than a First Cousin. - -Now Vincentio Dorando was an Italian subject, whose nearest living -relative was a First Cousin once removed. He had been educated at Oxford -and had spent the greater portion of his life in England, but at the time -of his death he was domiciled in France. He left no property of any sort -in Italy or France, and no duties were found to be payable in either of -these Countries. He had property in England, however, which consisted -of £15,000 Japanese 4-1/2 per cent. Bonds at 94, a Freehold House valued -at £2,500, and some Furniture and Pictures which were stored at Messrs. -Hudson's Repository, and which were valued for Probate at £480. The only -debt due at death was a Tailor's Bill for £62. - -He had made a perfectly valid Will in England, by which he bequeathed all -his property, with the exception of his Real Estate, to his old Oxford -friend, Mr. James Duncan, for life, with remainder over to Mr. Duncan's -eldest son. He left the Freehold House to another Oxford friend, Mr. -Wallstone. - - * * * * * - -Show what Duties were payable to the Inland Revenue Authorities upon the -death of Mr. Vincentio Dorando. - -[Illustration: The Jollybuck Twins--as they appeared, no doubt, to Mrs. -Jollybuck and the Nurse--prospective world-geniuses.] - - - - -PROBLEM No. 9. - - -The Nurse described them as the most wonderful Twins she had ever seen; -but then Monthly Nurses always speak in this way! - -The Mother said that she had never known children exhibit such -intelligence at so early an age; but then Mothers always think in that -way, especially of their first! - -The Father wanted to drown the yelling little brats, and had turned on -both taps in the bathroom; but then Fathers always want to do something -rash! - -Altogether it was a very merry little family, and when the Twins were -three months old and had been duly christened and vaccinated, Mr. -Jollybuck called on his Solicitor and altered his Will so as to provide -for the family which had been so anxiously hoped for and so long in -coming. - -But alas for Mrs. Jollybuck, for whom Widow's weeds were to be so soon -necessary, and a plague on all false chemists who fail to label their -blue bottles "With Care." Mr. Jollybuck swallowed Carbolic Acid instead -of Ipecacuanha Wine, and after the payment of Estate Duty, Debts and all -Expenses, except Legacy Duty, his Estate consisted of £16,000 Cash on -Deposit at the London, City and Midland Bank, £15,000 India 3-1/2% Stock -at 92, and Furniture valued at £500. By his Will he left: - - (a) India Stock and the Furniture to his Widow, free of Duty. - - (b) £6,000 to his Widow. - - (c) £12,000 and the Residue of his Estate to his only Son. - - (d) £12,000 to his Brother. - - (e) £500 to his only Daughter. - - * * * * * - -Draw up a Statement showing the amount each beneficiary under Mr. -Jollybuck's Will is entitled to receive. - - - - -PROBLEM No. 10. - - -Family Trees are almost as interesting to study as Bradshaw, and, at any -rate in this case, quite as instructive. In fact, without a Tree it is -almost impossible to remember who Mrs. Gubbins really was. - -The following, which eliminates all irrelevant matters, gives the -descendants of George Gubbins, the founder of the family:-- - - - GENEALOGICAL TREE OF THE GUBBINS FAMILY - - George Gubbins - _____________________|___________________ - | | | | - George John Charles Oscar - | | | | - John George Oscar Charles - | | | ____________|_____________ - | | | | | | | - George John Charles Rose Violet Daisy Poppy - - -Now John Gubbins, the grandson of George Gubbins, founder of the Gubbins -Family, married Elizabeth Greatheart, on Christmas-Day, and on the -anniversary of their wedding day little George Gubbins first saw the -light. But little George knew not his father, for John Gubbins died when -George was but two months old. - -In his Will John Gubbins appointed his Cousin, George Gubbins, to be his -executor, and thus it was that George Gubbins was brought into close touch -with the Widow Gubbins. - -Friendship ripened into love and resulted in Mrs. John Gubbins becoming -Mrs. George Gubbins. In due course Mrs. George Gubbins presented her -husband with a little boy, who was christened John after his first cousin -once removed. - -Little John grew in grace and played very prettily with little George -Gubbins, who was his stepbrother and second cousin rolled into one, and -altogether it was a very happy little party, until one day little John's -Father, George Gubbins, was knocked down by a Steam Roller just in front -of his own house, and was rolled into his own gravel drive. - -Now the Steam Roller belonged to a Company, of which Oscar Gubbins, son of -Charles Gubbins and grandson of George Gubbins the Founder of the Family, -was a Director. - -Hearing of the accident he hastened to comfort the Widow in her -affliction, and succeeded so well that after a decent interval had elapsed -Mrs. George Gubbins became Mrs. Oscar Gubbins. - -A child was born two years later, three months prior to the death of Oscar -Gubbins, the Father. The little boy was christened Charles, and after the -funeral of Oscar Gubbins, Mrs. Gubbins took her three little boys, George, -John and Charles, to Ventnor, in the Isle of Wight, for a change of air. - -It was in the lounge of the Sea View Hotel at Ventnor that Mrs. Gubbins -met Mr. Charles Gubbins, first cousin to her three late husbands. - -Now Mr. Gubbins had ofttimes heard of the much-weeded Widow, but when he -saw her for the first time with the naked eye, he realised what happy men -John, George and Oscar Gubbins must have been. - -[Illustration: "When Mr. Charles Gubbins saw her for the first time with -the naked eye, he realised what happy men John, George and Oscar Gubbins -must have been."] - -And when Mrs. Gubbins first saw Mr. Charles Gubbins she thought how empty -widowhood really was, and what fine men were the Grandsons of George -Gubbins, Founder of the Gubbins Family. - -Such feelings were not to be denied, and after three months of courtship -Mr. Charles Gubbins and Mrs. Oscar Gubbins were declared man and wife by -the Rev. Stephen Collins. - -For 10 years Mr. and Mrs. Charles Gubbins lived together as happily as a -married couple could, and four beautiful daughters, Rose, Violet, Daisy -and Poppy were born to them. - -And then Mrs. Gubbins died intestate leaving Personal Property valued for -Probate at £12,000, and Real Property valued at £8,000. - - * * * * * - -How was this divided? - - - - -PROBLEM No. 11. - - -Some people say there is no romance in business and that a Brass Plate -never brings Clients. Don't you believe that for one moment. Why, Jones -owed all his misfortunes in life to a Brass Plate and a Motor 'Bus! It -happened as follows:-- - -Mrs. James Wardle's Husband died on the 30th April, 1914. He was always -called Mrs. Wardle's Husband, and he very properly left her his entire -fortune, which, at his death, consisted of the following property:-- - - Freehold Property valued at £6,500, subject to a Mortgage of - £4,500 at 5% per annum. The Interest was paid up to the 31st - March, 1914. - - £3,500 Local Loans 3% Stock quoted at 86-88. - - £2,750 2-3/4% Annuities quoted at 77-8. - - £2,000 Caledonian Railway Consolidated 4% Stock quoted at 98-100 - cum. div. - - £800 3% Bradford Corporation Stock quoted at 95-1/2-96-5/8 cum. - div. - - Life Policies and Bonuses £1,575. - - Household Furniture £350. - - £1,500 Loan at 5% per annum. The Interest had been received up to - 31st December, 1913. - - Sundry Debts due to Testator, £346. - - Sundry Debts due by Testator, £550. - - Funeral Expenses, £42. - -Mr. Wardle had for many years left his affairs entirely in the hands of -his Solicitor, but Mrs. Wardle, who was Sole Executrix, thought--and very -properly too--that the combination of a Solicitor and a Professional -Accountant was to be preferred. She therefore journeyed to the City -with the intention of consulting her Stockbroker on the matter, but by -a curious Providential dispensation, the Motor Omnibus broke down just -opposite Jones' office, and his Brass Plate attracted the Sweet Lady's -attention! - -He prepared the Estate Duty Account, the affidavit being delivered on the -31st July, 1914, and he is now Mrs. James Wardle's Second Husband. - - * * * * * - -Do as Jones did, but ignore Income Tax, and beware of Widows. - -[Illustration: "Julius Jones was a poet."] - - - - -PROBLEM No. 12. - - -Julius Jones was a poet, and although he died prematurely on the 30th -June, 1914, his name will be remembered by posterity as the author of the -beautiful Hymn, of which the first line runs "Farewell, old buck, we part -to meet again!" - -He left the following Estate:-- - - Cash at Bank £1,500 - Household Furniture 350 - Life Policies 2,000 - Securities valued at death at 18,650 - Freehold Property 8,500 - ------- - £31,000 - -Liabilities at death were £200, and Funeral Expenses amounted to £30. -Legal Expenses were also paid, amounting to £170. - -The Securities and the Furniture realised £19,000 and £300 respectively. - -A Legacy of £500 was left to his Nephew (free of duty). - -The eldest Son of the Testator (Patrick) was given the option by the Will -to take over the Freehold Property at £7,500, which he elected to do. The -residue of the Estate was to be divided equally between the three children -of the Testator:-- - - Patrick, - Peter, - Paul, - -but he directed that the amounts of £3,000, £2,000 and £1,000 advanced to -them respectively on the 1st June, 1911, were to be brought into hotchpot. - - * * * * * - -Prepare an Account showing the division of the residue, taking into -account the Duties payable, but ignoring Interest on Advances. - -[Illustration: "Duly witnessed by his aged Housekeeper, Mrs. Uskins, and -the Gardener."] - - - - -PROBLEM No. 13. - - -It would be indelicate to indicate the exact portion of Mr. Hobson's -anatomy that was so fiercely attacked by the mad dog, but it is sufficient -to say that the bite was the indirect cause of his death. - -He anticipated the end, for shortly before he passed away he called in his -Solicitor, Mr. Crawley, and made a fresh Will, which was duly witnessed -by his aged Housekeeper, Mrs. Uskins, and the Gardener. - -The Estate, which consisted entirely of Personal Property, comprised:-- - - (1) Share in the firm of Hobson Bros., £11,500. - - (2) Bonds to Bearer valued at £6,300. - - (3) Cash at Bank £220. - -The debts due by deceased, including a Loan from the Bank secured on the -Bonds to Bearer, amounted to £3,160, and the Funeral Expenses came to £42. - -The Property was bequeathed as follows:-- - - Mrs. Hobson (Widow), £2,500. - - George Hobson (Son, aged 27), £2,000. - - Selina Hobson (Daughter, aged 18), £2,000. - - Wickham Crawley (Solicitor), £200. - - Maria Hawkins (Niece, aged 28), £1,000. - - George Hobson, Junr. (Grandson, aged 4), £1,500. - - Mrs. Uskins (Housekeeper), £500. - - Mrs. Rumbolt (Deceased Brother's Wife), £500. - - Mrs. Hobson, Senr. (Deceased's Mother), £2,000, - - and the Residue to the Widow absolutely. - -Prepare a Distribution Account. - -[Illustration: "London and North Western Consolidated Stock."] - - - - -PROBLEM No. 14. - - -Solomon Solfar was a solemn man, and his Will was proved in solemn form. -He died quietly in his bed on the 1st April, 1912, leaving a Widow, two -Sons (Matthew and Mark), and one Daughter (Mary). - -On the 1st April, 1913, after all Debts, Testamentary and other Expenses -had been paid, the Estate consisted as follows:-- - - £6,000 2-3/4% Annuities at 76-5/8. - - £2,000 Swansea Corporation 3% Stock at 83 (Interest payable 1st - January and 1st July). - - £6,000 London and North Western Consolidated 4% Stock at 103 - (Dividends payable 15th February and 15th August). - - 1,000 Birmingham Small Arms Cum. 5% Preference Shares of £5 each at - £5-1/4 (Dividends payable 1st March and 1st September). - - £5,000 British Westinghouse 4% Debenture Stock at 63 (Interest - payable 1st January and 1st July). - -Mr. Solfar made during his lifetime advances of £500 to each of his -Sons, which at his death were brought into Hotchpot, and interest charged -thereon at 5% per annum. He directed his Estate to be left in Trust, the -Income to be applied, first in payment of £75 a quarter to Mrs. Solfar, -and the balance to be distributed half-yearly in equal shares to Matthew, -Mark and Mary. - -Write up the books of the Trust, ignoring Income Tax, for the year ending -31st March, 1914, the balance of Income in hand on 1st April, 1913 (after -making all necessary payments to the beneficiaries) being £12 0s. 0d. - -[Illustration: Mr. Hopkins' bodyguard, The Pride of Bristol.] - - - - -PROBLEM No. 15. - - -The life of Hezekiah Hopkins had been a warning rather than an example -to others, and the administration of his affairs at death caused his -Executors and Trustees to use words which are only permissible amongst -gentlemen when the ladies have withdrawn from the dinner table. - -Mr. Hopkins died on the 25th June, 1913. - -His Will had been proved, Estate Duty and Legacy Duty had been paid, but -the Trust could not be closed owing to the fact that the Residuary Estate -had been left to Nathaniel Hopkins, a nephew, for life with remainder -over to the said Nathaniel's eldest god-son Walter Blackside, subject to -an annuity of £200 which the Testator had covenanted to pay to the "Pride -of Bristol," a prize fighter, who had acted as bodyguard to Mr. Hopkins -during that gentleman's earthly peregrinations. - -The Residuary Estate consisted of the following property:-- - - (1) Leasehold Property having 30 years to run, producing £900 per - annum. The property, which was valued for probate at £15,000, - and which was subject to a Ground Rent of £100 per annum, was - sold on on the 24th June, 1914, for £16,400 and the proceeds - invested on the following day in Consols at 73, including - brokerage, &c. - - (2) Deceased's Share in the firm of Hezekiah Hopkins & Co. This - amounted to £18,000 upon the death of Mr. Hopkins, and, - according to the Partnership Deed, was to be paid out by - instalments of £6,500 a year including interest at 5% on the - unpaid balances. The first instalment was to be paid on the - first anniversary of deceased's death. - - (3) A Reversionary Interest in the Estate of his Uncle Mr. John - Oppit, the life interest of which was being enjoyed by Mrs. - Oppit. This Reversionary Interest was valued, at the death of - Mr. Hopkins for probate purposes, at £850, and was retained - until the 25th June, 1916, when it fell into possession. It then - consisted of £1,500 India 3-1/2% at 88. - - (4) £10,000 invested in a Loan redeemable on the 24th June, 1915, - with interest at 10% per annum payable half-yearly on the 25th - December and the 24th June in each year. - - The Trustees decided on their own responsibility to retain - this investment, which was redeemed on the due date and the - interest paid in the meanwhile. - - (5) £10,000 India 3% Stock at 84, purchased by Deceased on 18th - June, 1913. - -Upon the 25th June in each year the balance of Corpus Realised was to be -placed on deposit with the Hong Kong and Shanghai Bank at 4%, less any -fraction of £100 which was to be retained on Current Account at the Union -of London and Smith's Bank. - -Mr. Nathaniel Hopkins died on the 25th June, 1916. - - * * * * * - -Write up the books showing the position of affairs when Mr. Blackside came -into the property, ignoring Income Tax. - - - - -PROBLEM No. 16. - - -Mrs. Wiggins was the Life Tenant and Mr. Gilbert Gunter was the -Remainderman of the Property left by the late Ebenezer Wiggins. - -Mr. Gunter had begun to despair of ever enjoying the fruits of Mr. -Wiggins' generous intentions, when, fortunately for him, on the 14th -March, 1914, Mrs. Wiggins got a fish bone lodged in her gullet and died -two hours later. - -The Accounts had been prepared regularly on the 21st September each year, -the anniversary of Mr. Wiggins' death, and the following is the Balance -Sheet, dated 21st September, 1913:-- - -EBENEZER WIGGINS Decd. - - Dr. Balance Sheet, 21st September, 1913. Cr. - - £ s. d. | £ s. d. - To Estate Account 33,900 0 0 |By Investments: - " Income " 125 0 0 | India 3 per Cent.: - | £25,000 at 72 18,000 0 0 - | Chili 4 per Cent.: - | £5,000 at 90 4,500 0 0 - | London United - | Tramways: - | £10,000 4 per Cent. - | Debentures at 70 7,000 0 0 - | West African - | Trading Co., Ltd.: - | 1,000 Shares £1 - | each fully paid 1,000 0 0 - |" Freehold House 2,600 0 0 - |" Furniture and - | Effects 800 0 0 - |" Cash at Bank 125 0 0 - ------------ | ----------- - £34,025 0 0 | £34,025 0 0 - -Mr. Gunter requires Accounts to be prepared, showing the position -of affairs at the 14th July, 1914, and volunteers the following -information:-- - - (1) The Investments remain unaltered, with the exception of the - India 3% Stock, which was sold on the 10th January, 1914, and - the proceeds, viz., £18,500, were invested in a Mortgage at 5% - Interest payable half-yearly on the 10th July and 10th January - each year. - - (2) The Coupons on the Chili 4% Bonds are payable on the 1st April - and 1st October, and the Interest on the London United Tramway - Debenture Stock on the 1st January and 1st July in each year. - - (3) On 3rd July, 1914, a Final Dividend at the rate of 15% per - annum, free of Tax, was declared by the West African Trading - Company, Ltd., and paid on the 8th July, 1914, making, with the - interim dividend paid on the 10th January, 1914, 10% for the - year ended 30th June, 1914, free of tax. - - (4) The Freehold House was let on a full repairing lease at an - annual rental of £146, the assessment was also £146. The rent - is payable quarterly on the usual quarter days. - - (5) The Trustees had paid to the late Mrs. Wiggins £75 on account - of income on the 12th day of each month, including March, 1914. - - (6) The Professional Accountant's fee for writing up the books from - the 22nd September, 1913, to 14th July, 1914, and making the - necessary adjustments was agreed at 100 guineas, and this fee - was to be apportioned between Mr. Gunter and the Estate of Mrs. - Wiggins deceased equally. - - * * * * * - -Write up the Accounts for the period, making the necessary adjustments, -and prepare Balance Sheet dated 14th July, 1914, showing the amount due. - - - - -PROBLEM No. 17. - - -Mr. Montagu Summers had a conscientious objection to the Income Tax, and -a positive loathing of the Super-Tax, and the trouble lay in the fact that -he had amassed a considerable fortune in the City of London. - -Something had to be done, however, to relieve Mr. Summers of a portion -of this scandalous taxation, and so, converting as much of his property -into cash as he could spare, he invested the same in various ways in other -countries. - -He bought Russian 4-1/2% Bonds in Holland of the nominal value of 200,000 -Guilders, and a Freehold Farm near Amsterdam, which cost in English money -about £8,000. - -He bought Freehold Land in Canada, for which he paid £80,000, and -deposited with the Calgary Investment & Security Trust $300,000 at 5%. - -He lent on Mortgage in New Zealand £40,000, and he had a balance of Fcs. -8,600 to his credit at the Swiss Bankverein, Berne. - -[Illustration: "Mr. Montagu Summers had a conscientious objection to the -Income Tax, and a positive loathing of the Super-Tax."] - -On the 14th November, 1913, Mr. Summers died of blood poisoning, the -result of cutting a corn with a blunt razor. - -His property in England consisted of his Furniture and Effects valued at -£3,800, Cash balance at the London, City & Midland Bank, Queen Victoria -Street, £300, and his interest as a Partner in the firm of Montagu Summers -& Nephew, which was agreed at £32,640. - -The Russian Bonds were sold on the Amsterdam Exchange for 180,000 -Guilders, the Farm was valued at 112,800 Guilders, and the Land in Canada -was estimated for duty purposes at $122,000. - -Assuming the Death Duties in Holland to be 5%, in Switzerland nil, and -the rates in the Colonies to be similar to what they are in this Country, -show what Estate Duty would be payable in England. - -The rates of Exchange can be taken as follows:-- - - Holland--12 Guilders = £1 - Switzerland--25 Francs = £1 - Canada-- 5 Dollars = £1 - -All accruing income to be ignored. - - - - -PROBLEM No. 18. - - -Mr. Harold Wimpole died in his Opera Hat, and was buried in Willesden -Cemetery. - -His Will had been proved, Estate Duty had been paid, and the Widow, -who was the sole Beneficiary, had found considerable consolation in the -£56,200 which had come to her. - -This £56,200 represented the Gross Estate, less Debts due by Mr. Wimpole -at his death £1,416, Funeral Expenses £39 17s. 0d. which were regarded by -all, including the Inland Revenue Authorities, as most reasonable, Estate -Duty, Interest on Estate Duty £31 16s. 0d., Testamentary Expenses £140 -3s. 0d. and Legacy Duty. - -[Illustration: "The Curate looked at the Widow, and the Widow looked at -the Curate."] - -Eight months had passed away and the rules of Society permitted Mrs. -Wimpole to smile occasionally; the Curate, who took an extraordinary -interest in Mrs. Wimpole's salvation and the carving of an ancient -Japanese Cabinet, had called for tea. The Reverend gentleman, with a -sandwich in his hand, was recording the incidents connected with the -birth of Buddha, when his fingers happened to touch the spring of a secret -drawer in the aforementioned Cabinet. - -The Curate looked at the Widow, and the Widow looked at the Curate, and -there they stood together, hand in hand, like two young children, in -silent amazement, for the secret drawer in the Japanese Cabinet disclosed -25 4-1/2% Foreign Government Bonds to Bearer, of the nominal value of -£500 each, and several memoranda of Stock Exchange dealings between Mr. -Wimpole and his Broker. The coupons were payable on the 10th March, and -the 10th September in each year, and the last coupon which had been cut -off was dated 10th September, 1912, exactly 8 months previous to the -death of Mr. Wimpole. Mrs. Wimpole consulted the Reverend Oscar Veritas -long and earnestly over the matter, and the Reverend Oscar admitted that -it was a case necessitating very great firmness of character and honesty -of purpose. Ultimately, however, he arrived at the conclusion that Mrs. -Wimpole would be unworthy to bear his name in the future, unless she did -her duty in the present instance. - -What was the pecuniary value of the good man's conclusions to the Inland -Revenue in the matter of Estate and Legacy Duty, bearing in mind the fact -that the Bonds stood at 92 on the day of Mr. Wimpole's death, and 90, ten -months later when Mrs. Wimpole's Solicitor finally settled the matter? - - * * * * * - -Note.--The Honeymoon was spent in Japan. - - - - -PROBLEM No. 19. - - -Sir Robert Rushforth, J.P., was a big man with a big heart and a wooden -leg. He had inherited a fortune, gone bankrupt, and married a Widow, and -if anyone had told him he wasn't a sportsman he would have called that -individual a liar, and opened a second bottle. - -He died on the 4th June, leaving all his property to his Widow, with the -exception of his wooden leg, which he directed to be handed over to the -Royal Hospital for Incurables, at Putney. - -Such was the man, and the contents of his Will so exactly reflected the -character of her husband that Lady Rushforth at once had recourse to the -smelling salts on reading the document. - -He directed the debts, from which he had obtained a legal discharge in -Bankruptcy, to be paid in full, he forgave all his Debtors, and instructed -his Widow, whom he had appointed sole Executrix and Residuary Legatee, -to meet in full all his Gaming Debts. He further directed that a certain -debt, in respect of which he had pleaded in his younger days the Statutes -of Limitation, should be paid in full. - -The name of this latter creditor was Gunter, and the debt, amounting to -£25, was in respect of repairs to certain pig-sties. - -The discharge from Bankruptcy had been obtained by Sir Robert eight years -previous to his death. His liabilities had amounted to £16,200, and he -had paid 2s. 6d. in the £. - -He owed his bookmaker, Mr. Hollins, of Houndsditch, £200. - -He had lent his Vicar, the Rev. Aaron Cranium, £100, his sister Blanche -£300, and his intimate but impecunious friend, Mr. Algernon O'Gizzard, -£50. This latter loan was rendered necessary by reason of the fact that -Mr. O'Gizzard had stood bail for a friend who had got into trouble with -the police, and who failed to put in an appearance before the Magistrates -on the day appointed. Now, Sir Robert happened to be on the Bench that -morning, and ordered the bail to be estreated before he realised with whom -he was dealing. - -Apart from the above property Sir Robert left Personal Estate valued at -£62,000. There was no Real Property. - -Show what Estate Duty and Legacy Duty were payable upon Sir Robert's -death. - - * * * * * - -Note.--The wooden leg was returned by the Secretary of the Royal - Hospital for Incurables at Putney, and being found to be of no - intrinsic value was eventually deposited in the family Mausoleum - at Norwood. - - - - -PROBLEM No. 20. - - -Mr. James Hotchkiss died in the autumn of age on the morning of his 93rd -birthday. - -During his protracted life he had always surrounded himself with every -comfort, and was reputed to be an exceedingly rich man. - -No wonder then that his death should occasion an unparalleled outburst of -grief and hatbands on the part of his weeping relatives. - -After the funeral, the chief mourners met in the library and the Family -Solicitor, with a glass of wine within easy reach, read out the last Will -and Testament of James Hotchkiss Deceased. - -This interesting document brought a ray of comfort to bleeding hearts, for -several substantial Legacies were mentioned, all free of duty, and two at -least of the prospective Legatees were observed to make rapid calculations -on the left shirt cuff. - -[Illustration: "To Rachel and Joyce Proudfoot (my sister's little girls, -aged 32 and 27 respectively), £10,000 each." - -Joyce: "Think of it, Rachel!! Ten thousand pounds!!! Why the young fellows -will simply chase us!!!"] - -To Sophia Hotchkiss ("my own dear Wife") the deceased left his Horses, -Carriages, Motor Car, Household Furniture, Pictures, including the -Landscape by Earp, Linen, Plate, Glass, &c., absolutely. - -To George Proudfoot ("my dear sister's only son") the deceased left his -Hornèd Cattle, i.e., Cows, and £20,000. - -To Rachel and Joyce Proudfoot ("my sister's little girls"), the deceased -bequeathed £10,000 each. The Misses Proudfeet were aged 32 and 27 -respectively. - -To Richard, William and Algernon Hotchkiss ("my never-to-be-forgotten -brother's sons") the deceased left £20,000 each, and to John Willett ("my -faithful valet"), £2,000. - -The Residue of the Estate was bequeathed absolutely to the Widow. - -The Executors lost no time in having the Property valued and the debts due -by the deceased at his death, ascertained, and their efforts disclosed -"a very lamentable state of affairs," at least, such was the opinion -expressed by the Reverend Stephen Collins who had called to comfort the -Widow in her affliction. - -The Horses, Carriages, Motor Car, &c., including the Landscape by Earp, -were valued at £2,000; the Hornèd Cattle, i.e., the Cows, were put down -at £400, and the rest of the Property at £40,893 16s 0d. - -The Debts due by the deceased amounted to £1,720 0s. 0d., and the Funeral -Expenses to £339 7s. 0d. These latter were considered unreasonable by the -Inland Revenue Authorities, and in spite of several very eloquent appeals -addressed to them by the Executors, including a touching letter from the -Reverend Stephen Collins dealing with the blameless life of the deceased, -the amount allowed was fixed at £33 16s. 0d. - -The Testamentary Expenses, exclusive of Estate Duty, amounted to £186 13s. -0d. - - * * * * * - -What amount was eventually received by each Legatee? - -[Illustration: "At the age of 16 he made the acquaintance of Miss -Harriett Hopkins. In the following spring he had successfully reached the -'Walking-out' stage."] - - - - -PROBLEM No. 21. - - -Mr. and Mrs. Turvey were justly proud of their son "'Erbert." He was their -only child, and always wore a Frock Coat, Brown Boots and White Spats on -Sunday. In fact, as everyone said, he gave a tone to Bethnal Green. - -But the ways of Providence are strange, and it is futile to seek for -explanations where none are vouchsafed. It is enough to say that Mr. -Herbert's anatomy came into violent contact with a brewer's dray one -Thursday afternoon, and that a promising young life was cut short at the -early age of 19. - -His Life Story has yet to be written, and it is but the barest outline -that can be here recorded. - -At the age of 16 he made the acquaintance of Miss Harriett Hopkins. In the -following spring he had successfully reached the "walking out" stage. He -was formally engaged at the age of 17 and at 18 he was married. Six weeks -before he died he made two very remunerative investments. He borrowed from -his Employers--without worrying them about so small a matter--the sum of -£6, which he converted into £600 by successfully backing "Hump Back" at -100 to 1 for the "Cesarewitch." He also insured his life for £100. - -Having satisfactorily adjusted the small matter of the Loan without in -any way arousing his Employers' suspicions, he joined a Burial Club, made -a Will, and died ten days later. - -By his Will he appointed his Widow sole Executrix, and divided his Estate -as to one-fourth part to his father Oliver Turvey, as to one-sixth part -to a former landlady Mrs. Korphdrop, and the residue to his Widow. - -The Estate consisted of the following:-- - - Cash £564. - - Insurance Policy, £100. - - Burial Club Money £14. - - Household Furniture and Effects £12. - -The Funeral Expenses amounted to £12. - -Mr. Herbert Turvey was buried on the third Thursday after Guy Fawkes' -Day, and on the following Tuesday fortnight the Widow gave birth to a son. -Both mother and child progressed amazingly and everybody called to visit -Harriett, but chiefly to satisfy their curiosity as to the amount which -she inherited. - - * * * * * - -Don't keep them waiting. - - - - -PROBLEM No. 22. - - -Mrs. George Dumpkins was very vexed that any Estate Duty at all should be -payable, and when she was told that a Corrective Affidavit would have to -be presented she threatened to change her Solicitors. As she very properly -said she had sufficient troubles already without having to pay for more, -and the Chancellor of the Exchequer, whoever he was, ought to be ashamed -of himself for taxing Widows so scandalously. - -She entirely disagreed with the opinion of her Solicitor as to the -necessity of presenting this Corrective Affidavit, and insisted upon -having Counsel's opinion on the matter. The following facts were therefore -submitted to the learned gentleman:-- - -Mr. Dumpkins' Estate had been proved for Probate purposes at £71,000, -but during the year after death the following Assets were realised and -Liabilities settled, viz.:-- - - £18,000 3-1/2% India Stock valued for Probate at 94-7/8, realised - 91-1/2. - - Share in Ship valued at £4,000, realised £3,500. - - Sundry Liabilities estimated for Probate at £8,000, were - subsequently found to be £8,700. (This included £75 cost of - bringing deceased's body from abroad.) - - Stock-in-Trade valued at £10,250, realised £9,400. - - £6,000 Mortgage Debentures valued at £7,500 were sold at par. - -The opinion of Counsel was received in due course, and the Solicitor -smiled. - - * * * * * - -By what amount was the Estate Duty increased or decreased? Ignore any -adjustment in respect of Interest on Estate Duty. - - - - -PROBLEM No. 23 - - -Mr. William Wiggins made all his money out of Pickles, and when he died -his body was embalmed. To use the Widow's words, "'e 'opped it" on the -14th June, 1914. - -He left his fortune to Mrs. Wiggins, his nephew Herbert Huggins (commonly -known as 'Erb 'Uggins), and his cousin Joe Gubbins, in equal portions. - -The Will was duly proved, Estate Duty at 9% was paid, and the interest on -the Estate Duty amounting to £165 3s. 0d. was paid on the 14th November, -1914. - - * * * * * - -What was the value of the Net Legacy received by each Beneficiary? There -was no Real Estate. - -[Illustration: "For nearly 25 years he had been a Judge of the Probate -Division."] - - - - -PROBLEM No. 24. - - -Mr. Justice Oats died in harness. He worked like a horse throughout his -long career on the Bench, and was universally regarded as a thoroughbred -sportsman. For nearly 25 years he had been a Judge of the Probate Division -of the High Court of Justice, and like many others in a similar position, -died intestate. Not that this was the intention of the learned Judge, for -he had prepared a Will on the back of an envelope, but forgetting that -even he was subject to the laws of the land, had entirely overlooked the -necessity for signing it. He died, therefore, intestate. - -His Net Estate, after the payment of the Estate Duty on the Personal -Property, amounted to £68,570, of which the Real Property was valued at -£24,200. - -For many years the Judge had been a Widower, and his only child had died -in infancy. His youngest brother, Alfred, was living, however, and he -had a nephew, the son of his deceased brother Charles. The Judge had, -in addition, three first cousins, one of whom was a lady who had thrice -refused offers of marriage, the acceptance of any one of which would -have made her Lady Oats. She was, however, a Quakeress, and her enemies -hinted that she refused the Judge lest the combination of the name of her -religious faith and her marriage name should bring upon her the nickname -of "Lady Porridge." - - * * * * * - -How was the Judge's property divided? - - - - -PROBLEM No. 25. - - -The following letter was received by the Rev. Stephen Collins on the 22nd -March, 1914:-- - - - 147, Eaton Avenue, W. - 21st March, 1914. - - My dear Mr. Collins, - - As an old and much honoured friend of my late husband may I implore - you to be with us at breakfast on Tuesday, the 1st April, at 9 a.m.? - - My son Montgomery comes of age on that day and I feel that it - would be a particularly appropriate occasion for his Vicar to say - a few words on the seriousness of life, and the responsibilities of - riches. - - Perhaps you do not know that my husband left everything to me except - £10,000 India 3-1/2% Stock which he bequeathed (in my opinion - misguidedly) to our two boys, Montgomery and Algernon, in equal - shares. At the date of the Colonel's death, six years ago, these - were valued at 102, but now, alas, are worth no more than 90. The - Income up to the 6th January last has been regularly handed over to - the boys in accordance with their father's wishes, but on the 1st - April, £5,000 of the Stock will have to be sold and handed over to - Monty. - - Mr. Crawley, my Solicitor, has promised to be present, and I have - sent invitations to my Stockbroker, Professional Accountant, and - the Bank Manager. - - Do come, dear Mr. Collins, - - And believe me to remain, - - Yours very sincerely, - - AUGUSTA MAWSTONE. - - Note.--The breakfast was a great success. Everybody turned up and - the Rev. Stephen Collins spoke for 47 minutes. The £5,000 - Stock was sold at 90 net, and the necessary entries were - made in the books of the Trust, showing the settlement of - Montgomery's interest in the Estate. - - * * * * * - -What was it? - -[Illustration: "The Rev. Stephen Collins spoke for 47 minutes."] - - - - -PROBLEM No. 26. - - -Sir John Hopper, Bart., died on the day set apart for the Feast of St. -Valentine. He had been a Widower for some 12 years, and the age of his -only daughter was 23. - -The Family consisted of four Sons and one Daughter, whose names in order -of age were:-- - - John Long, - George Rhode, - Oscar Truclod, - Charles Grarze, - Rose Marie. - -Sir John died intestate, possessed of the following Estate:-- - - Net Residue of Personalty, £24,000. - - Real Property: - - Freehold Estate 4 miles outside Canterbury, Kent, £5,000. - Delightful situation, 4 Reception Rooms, 8 Bed and Dressing - Rooms, 2 Bathrooms, Modern Kitchen apartments, including - Servants' Hall, usual Offices, Good Stabling and 4 Acres of - Garden. Caretaker within. - - Freehold Estate, 1 mile outside Guildford, Surrey, £8,000. - - Freehold Estate in the City of Nottingham, £10,000. - - * * * * * - -Show how the Estate of Sir John Hopper will be divided. - - - - -PROBLEM No. 27. - - -Colonel Filbert, stepson to the late Sir Hazel Knut, paid a brief visit -to the Brazils, and died on the voyage home on the 1st January, 1914. - -He left a considerable Estate, and bequeathed many useful Legacies, all -free of Duty, to deserving Relations and Friends. One of the provisions -in his Will was to the effect that a sum of £5,300 should be placed on -Deposit at the Bank to be paid over by instalments at regular intervals -to his two Executors, John Bunting and Nathaniel Whittel, and was to be -regarded by them as a Salary for their services. - -Each was to receive a Starting Salary at the rate of £500 per annum, -but whereas John Bunting's Salary was to be increased by £100 per annum, -Nathaniel Whittel's Salary was to be increased by £25 half-yearly. - -As soon as the £5,300 was exhausted the Salaries were to cease, and in the -meanwhile the Interest on the Deposit was to be paid over to the General -Estate. - -The Salaries were to be drawn half-yearly, the first to be payable exactly -six months from the date of Colonel Filbert's death. - - * * * * * - -Write up a Cash Account, showing how the Legacy of £5,300 was divided -between the Executors. - -[Illustration: "Miss Tulip's heart was forthwith pierced."] - - - - -PROBLEM No. 28. - - -Every Sportsman will admit that it is immoral to bet upon a certainty, -and most business men will endorse the maxim that only fools speculate -without inside information. - -Now Mr. Hunter never gambled, but he was open, like most other men, to -a sound speculation, and when he learned in his capacity of Clerk to -a well-known Solicitor that Miss Rose Tulip had inherited a fortune of -£60,000 odd, he naturally felt interested. - -Many obstacles separated Mr. Hunter from the object of his choice, but he -persevered, and on one particularly sunny afternoon he let loose a chance -arrow with such well-directed aim that Miss Tulip's heart was forthwith -pierced. - -The Engagement caused some little flutter in the Dove Cot, and Lady Tulip, -Miss Rose's widowed Mother, at once changed her Solicitors in spite of a -promise on their part to decorate Mr. Hunter with the "Order of the Boot," -a promise which was promptly converted into an accomplished fact. - -Every effort was made to induce Miss Rose to reconsider her decision, but -this only seemed to lead to further complications, for on the 14th July -Mr. George Tulip announced his engagement to Mr. Hunter's only sister, -Rebecca. - -This was the last straw and the lamentations of the proud Tulip Family -were only exceeded by the rejoicings of the Family Hunter. - -The prospective Bridegrooms met and made all the necessary arrangements, -and Mr. Hunter, who had had a legal training, drew up four simple Wills -whereby each left to the Widow, or Widower, all the worldly goods of which -he, or she, was possessed. - -These documents were signed and witnessed, and four days later the double -wedding was solemnized quietly at the Church of Saint Augustine. - -After the ceremony Mr. and Mrs. Hunter and Mr. and Mrs. Tulip journeyed -to Liverpool Street Station and caught the 2 o'clock train to Clacton, -where the honeymoon was to be spent. - -They arrived comfortably in time for tea, and Mr. Hunter insisted on -treating the whole party to Winkles. - -Now, whether it was the Winkles or whether it was the pins, is a matter -upon which the two London Specialists who were called in failed to agree, -but the fact remains that within a very short time of devouring the -aforementioned delicacies, the whole party became alarmingly ill, and two -days later Mr. Tulip and Mrs. Hunter died. - -Mr. Tulip's Estate, which consisted entirely of Personalty, was valued for -Probate at £8,420, and Mrs. Hunter's Estate, which consisted entirely of -Realty, was valued at £72,422. - - * * * * * - -What Legacy and Succession Duty was payable on behalf of Mrs. Tulip, and -by Mr. Hunter? - - - - -PROBLEM No. 29. - - -The Rev. Stephen Collins delivered a very moving address on Total -Abstinence at the Mothers' Meeting on the 14th June, 1913, and three weeks -later Mr. Gunter died. - -Now some of the parishioners were inclined to connect the two events, -particularly as Mrs. Gunter happened to form one of the band of Mothers -on that memorable occasion, and was known to have given her husband Toast -and Water for Supper on the following evening. - -Be that as it may, it is an undoubted fact that Mr. Gunter, in a codicil -to his Will, nominated the Rev. Stephen Collins in place of Mrs. Gunter -as Life Tenant of the Income arising from the property of which he (Mr. -Gunter) died possessed. - -After the payment of all Duties, Debts and Expenses, this property -consisted of Assets producing Income as follows:-- - - (1) £300 per annum, free of tax, payable quarterly on the usual - quarter days. - - (2) £160 per annum, free of tax, payable half-yearly, on the 30th - June and 31st December. - - (3) £140 per annum, free of tax, payable yearly, on the 29th - September. - -The Income was received regularly on the due dates and the Reverend -Gentleman had given a formal receipt for everything due up to and -including the 31st December, 1913. - -On the 30th April, 1914, Stock No. 1 was sold cum. div. at a profit of -£500, and the proceeds were re-invested in a security, the income from -which was £320 per annum, free of tax, payable half-yearly on the 30th -June and 31st December. - -On the 20th June, 1914, Stock No. 2 was sold ex. div. at a loss of £100, -and the proceeds were re-invested in a Stock ex. div. bringing in £140 -per annum, free of tax, payable quarterly on the usual quarter days. - -The Rev. Stephen Collins recognises that the Trustees are honourable men -and that their intentions are worthy, but nevertheless he is anxious and -wishes to be in a position to reassure Mrs. Collins as to the income which -he will receive for the year ending 31st December, 1914. - -It is interesting to note that Mr. Collins has now published the Address -delivered at the Mothers' Meeting on the 14th June, 1913, trusting that -the seed sown broadcast may find its way into fruitful soil. - - - - -PROBLEM No. 30. - - -A prosperous Solicitor usually occupies very dirty offices, and his -furniture is mostly Mid-Victorian and rickety. - -Mr. John Storalore was no exception to this rule and never seemed to -object to such surroundings, but on the contrary always appeared to be -surrounded by such objects. - -He was sitting in his office one June afternoon and was dozing over -some particularly dusty documents when his clerk announced Sir Pufferby -Pawstone. Now Sir Pufferby was an important client who always had his hair -cut and called on his Solicitor when he found himself with nothing better -to do. It is not surprising, therefore, that Mr. Storalore should receive -him with open arms and assume a very profound expression. - -After the usual courtesies had been exchanged, and Lady Pawstone's health -touched upon, Sir Pufferby announced that he desired to make a Will. - -Mr. Storalore was all attention and took elaborate notes of Sir Pufferby's -testamentary wishes, which were extensive and complicated. This done, -Sir Pufferby begged Mr. Storalore to give him a brief and concise account -of the steps which it is necessary for Executors and Trustees to take in -the administration of the affairs of a deceased person from the moment of -death up to the final distribution of the Residue. - - * * * * * - -Do not worry about what Mr. Storalore actually said to Sir Pufferby, for -Sir Pufferby was an old woman, and Mr. Storalore knew his client, but say -what he would have said to you in answer to such a question. - - - - -PROBLEM No. 31. - - -Mr. George Huggins died on the 31st October, 1913, and with the exception -of a few legacies, bequeathed free of duty, he left the whole of his -property to his Widow for life with remainder over to his friend Mr. -Giblets, provided that gentleman outlived Mrs. Huggins. - -Now this arrangement placed Mr. Giblets in an embarrassing predicament, -especially as Mrs. Huggins' health improved so wonderfully after her -husband's death. - -It appeared to Mr. Giblets, therefore, that matrimony was the only safe -solution of the difficulty, and so he went on his knees before the Widow. -But the lady grasped the situation immediately, and declined the honour. - -Friendship being thus early at an end Mr. Giblets resolved to worry the -Widow, bearing in mind the saying that "Worry kills." So he set himself to -quibble about every detail in the administration of the late Mr. Huggins' -Estate, particularly as regards the apportionment of Revenue between -Capital and Income. But the Widow would not worry, and wisely suggested -to the Solicitors that all matters involving accounts should be left to -some first-class Firm of Professional Accountants to settle. - -This was done, and the following are the Cash Receipts and Payments made -by the Trustees up to the 30th June, 1914. - - * * * * * - -What amount was paid to Mrs. Huggins on the 30th June, 1914? - - _Receipts._ - - 1913. £ s. d. - - Oct. 3 Cash at Bank and in house 532 17 4 - Nov. 5 Yorkshire Coal Co., dividends half-year ending - 30th September, 1913, free of tax - - 1914. - Jan. 5 Dividends on India Stock, less tax 47 1 8 - " " 14 Sale of Investments 1,764 8 9 - Feb. 8 Caledonian Railway Dividends, half-year ending 32 19 2 - 31st December, 1913 - March 3 Sale of Furniture 243 6 8 - " " 25 Quarter's Rent of Property to date, less tax at 16 1 10 - 1s. 2d. - " " 31 North British Investment Trust Dividends, 6 70 0 0 - months to date, free of Tax - " 31 West Ham Gas Co., half-year's Debenture 47 1 8 - Interest, less tax - Apr. 5 Dividends on India Stock, less tax 47 1 8 - June 15 Sale of Jewellery 32 5 0 - " " 25 Quarter's Rent of Property 20 0 0 - - _Payments._ - - 1913. - - Nov. 7 Medical Attendance and Nursing fees 31 10 0 - " " 25 Mrs. Huggins, on account 50 0 0 - Dec. 31 Estate Duty 532 6 8 - " " 31 Interest thereon 2 13 3 - - 1914. - - Jan. 16 Valuation fees 15 15 0 - Feb. 1 Widow, further on account 50 0 0 - " " 16 Funeral Expenses 31 10 0 - March 25 Half-year's Ground Rent, due this day, less tax 4 18 11 - " " 31 Debts due at death 73 6 8 - Apr. 1 Widow, further on account 50 0 0 - " " 30 Legacies 250 0 0 - May 3 Duty thereon 20 0 0 - " " 31 Executorship Expenses 5 6 8 - June 1 Solicitor's Costs re Probate 32 6 8 - " " 15 Mason's Expenses, restoring, &c, Tombstone 15 15 0 - " " 30 Paid Widow Balance due to her. - - - - -PROBLEM No. 32. - - -Mr. Nathaniel Soworthy, a great breeder of prize pigs, had the misfortune -to be knocked down one day by his favourite Berkshire Boar, and his head -was cut open on the corner of the pig-sty. Notwithstanding the fact that -Mr. Soworthy prided himself exceedingly on the extreme cleanliness of his -pig-sties, where, as he was often heard to say, he would be quite ready to -eat his own dinner, he discovered on that lamentable occasion what must -have been the sole surviving microbe on the premises which, entering his -circulation, set up blood poisoning with the result that he passed away a -few days later, viz., at 6 p.m. on the evening of the 31st January, 1914. - -Mr. Soworthy was a man of many hobbies, and in addition to his prize pigs -he possessed a unique collection of silver salt-cellars reputed to be one -of the finest in the country. This was valued for Probate at £5,000, while -the pigs were estimated to be worth £2,500. - -In addition he died possessed of the following property:-- - - £5,000 India 3% quoted at 75-3/8-7/8. - - 10,000 Ordinary Shares of £1 each in the Improved Pork Pie Factory, - Ltd., valued at 25/- per share. - - £4,000 Mortgage at 4-1/2% on the farm known as "Little Watchem," - interest payable 30th September and 31st March, paid to 30th - September, 1913. - - Cash in the house, £15. - - Cash at the Bank £355 on Current Account and £2,000 on deposit at - 3%, interest payable 30th June and 31st December. - - £5,000 Policy in the Live Stock Breeders' Mutual Assurance Society, - upon which the Bonus at the date of death amounted to £190. - - Household Goods, Horses, and Motor Car, £3,500. - - Implements of Husbandry, £150. - - The Freehold Estate, comprising Mansion House, Park, and Home - Farm known as "The Piggeries," valued at £15,000, subject to a - Mortgage of £10,000 at 4-1/2%, interest payable 30th November - and 31st May, paid to 30th November, 1913. - - He was also life tenant of Real Property producing £3,000 per - annum, in respect of which there was income accrued due but not - received prior to death amounting to £900. - -By his Will he left the following bequests: - - £1,000 in trust to the President for the time being of the Royal - Society for the Propagation and Improvement of Pigs, to be - invested and the interest awarded annually in prizes for the - best sucking pigs. - - £100 to the Perennial Society of Whole Hoggers, of the local branch - of which he was the esteemed and Honorary President; and - - His famous White Sow, known as the "Soworthy Sow," to his lifelong - friend the celebrated judge of pigs, Mr. Anthony Golightly - Wackenbath. - -The prize pigs were directed to be sold and realised £2,690. The -collection of silver salt-cellars was bequeathed to the Victoria and -Albert Museum on condition that it should be shown as a whole and named -the Soworthy Collection. This bequest was accepted. - -[Illustration: "His famous White Sow, known as the 'Soworthy Sow.'"] - -The debts due at death amounted to £215, and the funeral expenses to £45. - -Within a week of the funeral the famous Soworthy Sow died in giving -birth to a fine litter of ten little pigs, two of which unfortunately -pre-deceased their Mother. The result of this event had been awaited -before sending the Sow to Mr. Wackenbath, who was thus deprived of this -mark of the deceased gentleman's affection. The value of the Sow alive -had been £50, but dead she was not worth more than £3 10s. 0d., while -the litter, whose father was the same Berkshire Boar that had been the -unwitting cause of Mr. Soworthy's death, were worth £2 a-piece. - - * * * * * - -Prepare the Estate Duty Account, the affidavit being brought in on the -31st March, 1914. Show the amount of duty and interest payable. - - - - -PROBLEM No. 33. - - -Referring to the preceding Problem, all bequests were left free of duty -and the residue of the estate was left in equal shares to Mr. Soworthy's -grand-daughter, his brother, and his adopted son. - -The India Stock was sold on the 25th March, 1914, at 77; the Shares in -the Improved Pork Pie Factory, Ltd., realised 24/- per share net on the -25th May, 1914, after receipt on the 1st May of a Final Dividend of 1/- -per Share paid in respect of the year ending 31st March, 1914, an interim -dividend of 6d. per share having been received by Mr. Soworthy prior to -his decease. - -The Mortgage on "Little Watchem" Farm was called in and paid off on -the 30th June, 1914, while "The Piggeries" was directed to be sold and -realised £14,500 after payment of all expenses, completion being made on -31st May. - -The household goods and implements of husbandry were sold at the same time -and produced £3,000 and £120 respectively. - -The Policy money with bonus was received on February 25th and the proceeds -of the sale of pigs on March 5th, while the income from the Real Estate -was received on February 10th. - -Estate and Legacy Duties were paid on March 31st, and the debts, funeral -expenses and legacies were also paid on the same date. Executorship -expenses amounting to £250 were paid on June 14th. - -On the last day of each month such portion of the cash balance as was -available in round thousands was placed on deposit at 3%. - - * * * * * - -Prepare Residuary Account as at June 30th, 1914, and state the duties -payable on the Residue. - - - - -PROBLEM No. 34. - - -Referring to the two preceding Problems, prepare an Account to be rendered -by the Executors to the Residuary Beneficiaries, showing the realisation -and distribution of the Estate, the final payment to the Residuary -Beneficiaries taking place on July 1st, 1914. - - - - -PROBLEM No. 35. - - -To anyone not in the secret, the conduct of Mr. Pipkin would appear -inexplicable, for on March 3rd, 1914, he very deliberately entered a -Tobacconist's shop, ordered a threepenny cigar, and afterwards resigned -his position as Assistant Book-keeper in Messrs. Macfarlane's Grocery -Establishment. - -The secret, however, lay in the fact that Mrs. Pipkin had come into money, -and Mr. Pipkin very naturally felt himself independent of other people -and yearned for the ease and comfort appertaining to the position of a -retired gentleman of means. - -Mrs. Pipkin's fortune consisted of a life interest in the Property left -by Mr. Austen Friars, who died on the 28th February, 1914. - -This property was represented by the following assets:-- - - £2,000 3-1/2% Hongkong Stock, interest payable half-yearly, on the - 1st April and 1st October. - - 200 Shares of £5 each (£2 10s. 0d. called up and paid) in the - Commercial Banking Co., Ltd. - - Freehold House bringing in £80 a year, payable quarterly, on the - usual Quarter Days. This house was assessed at £67, and the Income - Tax was paid by the Tenant on the 5th January, 1914. - - 750 £1 Shares, fully paid, in the Perpetual Rays Co., Ltd. - -April, 1914, was the very happiest month in Mr. Pipkin's whole life, -and he spent most of his time smoking his pipe in his back garden, or -improving his mind by contemplating the educative pictures of the local -Cinema. - -The months of May and June, however, did not prove quite so pleasant, -and by the middle of July Mr. Pipkin actually threatened Mrs. Pipkin that -unless she kept the baby quiet he would look out for another job. - -And then August came round which proved to be the most miserable month -of Mr. Pipkin's whole life, for Mrs. Pipkin was suddenly taken ill after -consuming a liberal portion of Tinned Salmon. Never before did he realise -how much he loved his Wife or what a blow to his heart her death would -be. He never left her bedside and he spared no expense, but, in spite of -all, Mrs. Pipkin passed away on the 19th August, 1914. - -It would be idle to attempt to depict Mr. Pipkin's feelings; it is enough -to say that he became a poorer but a wiser man. - -On the 3rd April, 1914, a dividend for the year ending 31st January, 1914, -at the rate of 7-1/2% was declared on the 200 shares in the Commercial -Banking Co., Ltd., and a similar dividend was declared on the 4th April, -1915, in respect of the year ending 31st January, 1915. - -On the 19th August, 1914, a final dividend at the rate of 15% per annum, -free of tax, was declared on the 750 Shares in the Perpetual Rays Co., -Ltd., for the half year ending 30th June, 1914. An interim dividend had -been received on the 31st January, 1914, in respect of the half year -ending 31st December, 1913, at the rate of 10% per annum, free of tax. - -No interim dividend was paid during the Company's year ending 30th June, -1915; but on the 31st July, 1915, a dividend at the rate of 10%, free of -tax, was declared in respect of the year ending 30th June, 1915. - - * * * * * - -Show the exact amount payable to Mrs. Pipkin and her Estate in respect of -her life interest under the Will of Mr. Austen Friars. - -[Illustration: "Two Sons, who, if the truth was told, Drank much more than -they ought'er."] - - - - -PROBLEM No. 36. - - - On Lady Day the death occurred - Of Hubert Henry Huckett, - Who fell beneath a brewers' dray - And promptly kicked the bucket. - - He left a very charming Wife, - And one enchanting Daughter, - Two Sons, who, if the truth was told, - Drank much more than they ought'er. - - His Will was proved and it was found - He'd left as weird collection - Of Stocks and Shares as e'er was known - Within man's recollection. - - He'd (£) 60 Bags and 40 Coils - 100 Common Can. Pacs., - And (£) 40 Berthas, 60 Lions - And 42 Brazil Tracs. - - He'd 80 Knackers, 20 Breads - And just (£) 400 Saras, - (£) 1,000 Middies, 20 Tanks, - And (£) 57 Claras. - - 200 Chinas (£) 90 Megs, - 10 Virgins (£) 40 Doras, - (£) 1,000 Vestas, Matches 10, - 12 Bones and (£) 80 Noras, - - The Cash at Bank was £80, - The Cash in House was seven, - The Furniture was valued at - Four hundred pounds eleven. - - Debts due at death were £90, - And no one in their senses - Can say that £20 was much - For Funeral Expenses. - - The Trustee read the Will with care - And studied it minutely, - And found that all was left unto - The Widow absolutely, - - Except some Legacies, which made - The worthy man feel dizzy, - He read "I hereby leave my Bags - Unto my daughter Lizzie." - - "I leave the Virgins to my son, - Advising him to hold them, - Unless it proves upon my death - I've previously sold them." - - "I solemnly bequeath my Bones - Unto my second sonny, - Although I know they'll quickly be - Converted into money." - - "I also feel in duty bound - To leave my brother's kiddies - A Legacy, so let his girls - Take over all the Middies." - - "My Trustee gets a hundred pounds - For trouble and attention, - All Legacies are duty free, - Perhaps I ought to mention." - - "Those whom I leave will thus receive, - A generous provision, - And when all's paid, they'll see I've made - A very just division." - -_The following lines were addressed by the Trustee to the Professional -Accountant:_-- - - You are a man, to Law and Figures bred, - I am a Layman, and I fear to tread - The unknown way. - You know the course Executors should take - To carry out their Trust, without mistake, - Without delay. - - Give me then help to ascertain the rate - Of Duty payable on the Estate; - The Residue, - Which goes to Mrs. Huckett, and which may - Be challenged by her lawyer; and I'll pay - A fee to you. - - - PARTICULARS OF INVESTMENTS LEFT BY - H. H. HUCKETT, Deceased. - --------------------------------------------------------------------- - |Short Name |Full Name of Investment. |Amount left |Cum. Div Price | - |of | |by Deceased. |at Date of | - |Investment.| | |Death | - --------------------------------------------------------------------- - |Bags |Buenos Ayres Gt. Southern |£60 Stock |116-117 | - | | Rly. Ordinary Stock | | | - --------------------------------------------------------------------- - |Coils |Californian Oilfields |40 Shares £1 |5-3/4-6-1/4 | - | | Ordinary Shares |each | | - --------------------------------------------------------------------- - |Can. Pacs. |Canadian Pacific Rly. |100 Shares |233-1/2-234-1/2| - | | Common Stock |$100 each |($5=£1) | - --------------------------------------------------------------------- - |Berthas |London, Brighton & South |£40 Stock |89-3/4-90-1/4 | - | | Coast Rly. Deferred Stock| | | - --------------------------------------------------------------------- - |Lions |J. Lyons & Co., Ltd., |60 Shares £1 |6-5/16-6-9/16 | - | | Ordinary Shares |each | | - --------------------------------------------------------------------- - |Brazil |Brazil Traction Light and |42 Shares |89-90 ($5=£1) | - |Tracs. | Power |$100 each | | - --------------------------------------------------------------------- - |Knackers |Harrison, Barber & Co., |80 Shares £5 |1-1/2-2 | - | | Ltd. |each | | - --------------------------------------------------------------------- - |Breads |Aerated Bread Co., Ltd. |20 Shares £1 |4-1/4-4-1/2 | - | | |each | | - --------------------------------------------------------------------- - |Saras |Great Central Rly. |£400 Stock |14-1/4-14-1/2 | - | | Deferred Stock | | | - --------------------------------------------------------------------- - |Middies |Midland Rly. Deferred |£1,000 Stock |70-1/2-71 | - | | Ordinary Stock | | | - --------------------------------------------------------------------- - |Tanks |Tanganyika Concessions |20 Shares £1 |2-3/8-2-5/8 | - | | |each | | - --------------------------------------------------------------------- - |Claras |Caledonian Rly. Deferred |£57 Stock... |18-1/4-18-1/2 | - | | Converted Ordinary Stock | | | - --------------------------------------------------------------------- - |Chinas |Eastern Extension |200 Shares |12-7/8-13-3/8 | - | | Telegraph Co. Ordinary | £10 each | | - | | Shares | | | - --------------------------------------------------------------------- - |Megs |Mexican Rly. 1st |£90 Stock |136-137 | - | | Preference Stock | | | - --------------------------------------------------------------------- - |Virgins |Virginia New Funded Bonds |10 Bonds $100 |84-86 ($5=£1) | - | | |each | | - --------------------------------------------------------------------- - |Doras |South Eastern Rly. |£40 Stock... |58-3/4-59 | - | | Deferred Stock | | | - --------------------------------------------------------------------- - |Vestas |Railway Investment Co. |£100 Stock |14-1/2-15-1/2 | - | |Deferred Stock | | | - --------------------------------------------------------------------- - |Matches |Bryant & May, Ltd., |10 Shares £1 |7/8-1-1/8 | - | |Ordinary Shares |each | | - --------------------------------------------------------------------- - |Bones |Wickens, Pease & Co. |12 Shares £5 |3/4-1-1/4 | - | |Ordinary Shares |each | | - --------------------------------------------------------------------- - |Noras |Great Northern Rly. |£80 Stock... |50-1/2-51-1/2 | - | |Deferred Stock | | | - --------------------------------------------------------------------- - - - - -PROBLEM No. 37. - - -The late Mr. John Bunyon died in affluent circumstances after having, by -the exercise of keen business instincts, overcome those obstacles which -confront every great philanthropist who combines the cause of humanity -with the desire to achieve wealth and fame. - -In his early days he vended to a suffering but suspicious public, a -commodity known as "Bunyon's Specific"; and it was his custom at this time -to commence his nightly oration to his potential patients at the street -corner with the words, "Ladies and Gentlemen, I have extracted corns from -all the Crowned Heads of Europe." - -In later years, when by the aid of judicious advertising he had convinced -the public that no home was complete without his famous Specific, Mr. -Bunyon sold his business to a Limited Company, and on then calculating -his wealth, found himself rich beyond the dreams of avarice. - -He thereupon decided to enter Society, and after some difficulty -procured an introduction to Mr. James Rooker, who obtained for him--for -a consideration--the entrée into that sphere of Social life which he was -so eminently fitted to adorn. On Mr. Rooker's advice, he purchased a -Freehold House in a favourable quarter of the West End of London, but -owing to a desire not to disturb certain Investments, he raised £2,500 of -the purchase price by Mortgage, which at the time of his decease had not -been repaid. - -In view of the great services rendered to him by Mr. James Rooker, Mr. -Bunyon promised to remember him and his family in his Will; which led Mr. -Rooker to be very solicitous concerning Mr. Bunyon's health until he was -certain that a Will had been executed, and subsequently caused him much -speculation as to whether an early decease of his Patron might not be more -beneficial than the advantages to be gained from him whilst alive. - -Mr. Bunyon's death put an end to these speculations, and it occurred -under the following circumstances. Having met Mr. Rooker by appointment -at that gentleman's house, they spent a merry hour at the card table, -much to Mr. Rooker's advantage. They then sallied forth in a Taxi-cab; -when suddenly remembering that he had parted with all his ready cash, -and knowing that Mr. Rooker never paid for cabs on principle, Mr. Bunyon -ordered the chauffeur to drive to Attenborough's and there placed his -diamond pin in pledge for the sum of £5. Feeling somewhat faint after -this exertion, he instructed the chauffeur to drive to a Chemist's where -he ordered a pick-me-up. The Chemist not knowing his customer, considered -his symptoms a fit case for a dose of "Bunyon's Specific," of which Mr. -Bunyon unwittingly partook, and so met his death. - -Mr. Bunyon's Will was found to contain the following Legacies and Devises -in favour of the Rooker Family:-- - - Mr. James Rooker, my Diamond Pin. - - Mr. Tracey Rook Rooker, 1,000 Shares in "Bunyon, Ltd." - - Mr. Ricardo Rook Rooker, my Freehold House in London. - - Miss Christabel Rook Rooker, £100 of Consols out of my £2,000 - Consols. - - Miss Emmeline Rook Rooker, £100 payable out of my £2,000 Consols. - -It was found that both the Shares in "Bunyon, Ltd." and the Consols, had -been sold shortly before Mr. Bunyon's death. The Freehold House was valued -at £6,500, the Diamond Pin at £25. - - * * * * * - -The Net value of his Estate when aggregated was £108,000. What did the -Rooker Family receive, and what duties were payable by them? - -[Illustration: BY APPOINTMENT TO H.M. THE KING J. MILES & Co Ltd Printers -68 & 70. Wardour St, London, W. ] - - - -[TRANSCRIBER'S NOTE: In the following, the original text of the Foreword -is repeated with an informal English translation by proofer "Lucy 24" -(Louise Hope). This was not in the original text, but is provided by the -transcribers for the convenience of the reader. The English text below is -placed in the public domain.] - - - - -Foreword. - -By D. F. de l'Hoste Ranking, M.A., LL.D. - - - De mortuo illo quid dicam? - What shall I say about the deceased? - - "Nilnisi bonum" ut aiunt. - "Nothing but good" as they say. - - Sed quid si nil boni fecit? - But what if he didn't do any(thing) good? - - De bonis licet loqui. - One can talk about his goods. - - At si nulla bona reliquit? - But what if he left no goods? - - De eo tacere decet: - One should keep quiet about that: - si neque bonum fecit nec bona acquisivit nil valet. - if he neither did good nor acquired goods, he is worthless. - - Sed si bona reliquit in sermonem hominum semper venit; - But if he left property, people always talk about him; - vitia operta sunt; - his faults are concealed; - pecuniam fecit, illa quidem "non olet." - he made money, and it "doesn't smell". - - Quem heredem instituit? - Whom did he name as heir? - Extraneis haec omnia livori proxima videntur. - To outsiders all these seem next door to envy. - - Te autem si tu aut cognatione aut affinitate propinquus - exspectatio tenet. - But you--if you are close, either by acquaintance or relationship, - expectation grips you. - An mea interest? Si sic habet, quanti? - But does it concern me? If that's how it is, how much? - Suave est ex magno tollere acervo; - It's pleasant to receive a big heap; - ejus pecunia quid non facere possim? - with his money, what couldn't I do? - - Siste, amice; aliquantulum cogita; - Stop, friend; think a little; - supersunt multi cognati; - there remain many friends; - fieri potest ut aut cum aliis bona partire debeas, - aut exheredatus sis. - it may be that either you have to share the goods with others, - or you are disinherited. - - Gerrae! Sine dubio testamentum fecit: - Nonsense! Without a doubt he made a will: - et cum ratione constat me alicuius rei legatarium esse. - and it's reasonable to think I was left something. - Nemo enim magis eum fovit; - For nobody took better care of him; - alii omnes cognati asseclae; solus eum amavi. - all his other friends only cared about his money; I alone loved him. - - Insipiens, inter os et offam multa intervenire possunt. - O fool, many things can come "between the mouth and the morsel" - [Latin idiom, like "many a slip between cup and lip"?] - Audi de gente Fulvia fabellam: - I've heard the story of the Fulvian people: - de multis mutato nomine narratur. - it is told of many, with the name changed. - - (In scena est coenatio Georgii Fusci, argentariorum interpretis. - (Setting: The dining room of George Black, assayer of money. - Fuscus, bene coenatus, alterum cyathum Falerni sorbillat. - Black, having dined well, is enjoying his second glass of port. - Accurrit uxor, commota; - His wife runs in, excited; - in manu litteras resignatas tenet). - in her hand she holds a signed paper.) - - U. Georgi! - George! - - F. Quid tibi nunc est? Num quid novi est? - What's the matter with you? What's happening? - - U. Amita mea Maria decessit! - My aunt Mary has died! - - F. Bene! nunquam postea illud vile Sabinum necesse erit obsorbere: - Good! I will never again have to drink her vile claret: - magnum est solatium. - that's a great solace. - - U. At tu Georgi semper id laudasti! - But George, you always praised it! - - F. Et tu simul filiaeque semper miratae estis Persicam illam - detestabilem - And you and your daughter always admired that detestable Persian - et psittacum dissonum, et laudibus extulistis: - and the raucous parrot, and sang their praises: - pretium fuit vetulae placere. - that's the cost of pleasing old women. - - U. Esto: illa vero suavia erant. - Never mind: They were really agreeable. - At hic mihi litterae a cognitore ejus Semaureo allatae: - But this letter was sent to me by her solicitor [Semaureus]: - dicit se hodie vesperi te conventurum. - he says he is coming to [see] you this evening. - - F. Demiror si testamentum fecit! - I'll be amazed if she made a will! - Sin minus omnia ad te perveniunt, - If not, everything goes to you; - tu heres ex asse; - you are the [default/intestate] heir; - cognati alii desunt. - there are no other relatives - - U. Est quidem mariti nepos iste. - There's that nephew of her husband. - - F. Nullus: tu sola heres: - That's nothing: you alone are the heir: - si intestata omnia ad te. - if she [died] intestate, everything goes to you. - - U. Tabulas vere fecit: - She really made an accounting: - cognitor scribit se te conventurum quia - her solicitor writes that he is coming to you because - testamentum ad rem tuam maxime pertinet. - her will greatly concerns your business. - - F. Mihi crede igitur! - Then believe me! - Aliquid magni tibi legavit: - She left you something big: - haud verisimile illam quidquam juveni Albo legasse: - it's hardly likely that she left anything to young White: - nunquam illam observavit; - he never paid any attention to her; - homo nil est nisi pictor ignotus aut aliquid simile: - he is nobody except an unknown painter or something like that: - uxorem quoque duxit quamdam inopem, - he also married some penniless woman, - et eis saepe amita tua subvenire debuit. - and your aunt always had to come to their assistance. - - U. Fores pulsantur: advenit cognitor! - There's a knock at the door: her solicitor has arrived! - - F. Dic famulae ut alteram cyathum ponat. - Tell the maid to bring another glass. - - (Ingreditur Dominus Semaureus.) - (Enter Mr [Semaureus].) - - Quid agis vir doctissime? - How are you, my esteemed friend? - Mea uxor dixit te venturum; - My wife said you were coming; - nonne ob testamentum amitae ejus? - is it about the will of her aunt? - - S. Sic res habet, Fusce; - That's how it is, Black; - venio ad te quod hoc res tua maxime refert; - I come to you because this concerns you greatly; - et scio te onus suscepturum. - and I know you will take up the burden. - - F. An sic habet? - Is that how it is? - Vetulae illi multa bona provenere ut opinor. - The old lady left a large property, I think. - - S. Permulta: super haec te consulendum putavi. - Very large: I thought to consult you about it. - Hic mecum tabulas attuli ut eas inspicias. - I have brought the accounting with me so you can study it. - - F. Bene est; Dignissima erat; cui semper plurimum tribui. - Good; she was a worthy lady; I always said so. - Falerni sume cyathum. - Have a glass of port. - - S. Benigne dicis; dimidium: - You are very kind; half a glass; - bona venia uxoris tuae est mihi in animo - with the permission of your wife I am thinking of telling you - summas testamenti reddere; - the amounts in the will; - ad illam quoque pertinet. - it concerns her too. - (Testamenta allata resignat.) - (Opens the will he has brought.) - - Post nonnulla famulis legata ita instituit: - After several bequests to servants, it states: - - "Fratris filiae Mariae lego Persicam et Psittacum - To my brother's daughter Mary I leave the Persian and the Parrot, - quae animalia tantopere admirata est, - which animals she greatly admired, - certa fiducia se illis hospitium praebituram; - in the full confidence that she will provide a good home for them; - eidem etiam lego annulum meum gemmatum. - to her I also leave my diamond ring. - Nepoti ejusdem Mariae viro Georgio Fusco lego omne - To my niece Mary's husband George Black I leave - quod in hypogaeo superest vinum illud Falernum - all the wine that remains in my cellar because - quod semper laudabat." - he always praised it. - - F. (In malam rem.) - (Black is unhappy.) - - S. "Quod ad ceteras possessiones - As to my remaining possessions, - Georgius Fuscus heres esto ex asse: - let George Black inherit all: - (subridet Fuscus et uxori in aurem susurrat "ita ut dixi.") - (Black smiles and whispers in his wife's ear "as I said.") - - S. (Conversa tabula) - (Turning the page) - "et rogo eum ut cum primum potuerit haereditatem adire, - "and I ask him to go to the inheritance as soon as possible, - omnibus et fundis et mobilibus venditis, - to sell both real property and chattel, - pecunias in cautionibus publica auctoritate factis - to deposit the money in a bank - collocet et fructus reddat nepoti mariti mei - and give the interest to my husband's nephew - Jacobo Albo et uxori suae in aetatem - John White and his wife for their lifetimes - aut utri eorum vita superarit: - or to whichever of them outlives the other: - eis mortuis ut inter liberos eorum caput dividat: - when they die, the capital is to be divided among their children: - aut liberis sine prole defunctis - or if their children die without offspring - caput reddat ad sodalitatem Anthropophagis Africanis - the capital goes to the African Cannibal Mission - informandis et nutriendis institutam: - established to educate and provide for them: - praemio sint fiduciario viginti in annum librae." - let the executor's pay be twenty pounds a year." - - F. Anus odiosa et malefica! - Hateful and malicious old woman! - At enitar ut testamentum rescindatur; - I will try to overturn the will; - inofficiosi testamenti querelam instituam! - I will make a complaint about this useless will! - Delira fuit! - She was mad! - - S. Immo mentis omnino compos fuit, Improbe: - On the contrary she was of completely sound mind, unworthy man: - sic summa fide clamabo et testabor. - I will affirm and witness to this. - Verba tua pro tempore et re indecora. - Your words are spontaneous and unfitting. - Tui piget me: evado. - I am ashamed of you: I shun you. - - F. Maria! - Mary! - - U. Georgi! - George! - - Uterque. Exsecrabilis Illa! - Both. Detestable woman! - - (Aulaeum tollitur.) - (Curtain.) - - - - - -End of the Project Gutenberg EBook of De Mortuis Nil Nisi Bona, by -Ernest Evan Spicer and Ernest Charles Pegler - -*** END OF THIS PROJECT GUTENBERG EBOOK DE MORTUIS NIL NISI BONA *** - -***** This file should be named 41888-8.txt or 41888-8.zip ***** -This and all associated files of various formats will be found in: - http://www.gutenberg.org/4/1/8/8/41888/ - -Produced by tallforasmurf and the Online Distributed -Proofreading Team at http://www.pgdp.net (This file was -produced from images generously made available by The -Internet Archive/American Libraries.) - - -Updated editions will replace the previous one--the old editions -will be renamed. - -Creating the works from public domain print editions means that no -one owns a United States copyright in these works, so the Foundation -(and you!) can copy and distribute it in the United States without -permission and without paying copyright royalties. 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