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The Will of
THIS IS THE LAST WILL AND TESTAMENT of me
JOHN ROBERT RICHARDSON carrying on the business of a Timber Merchant at the City and County of Kingston upon Hull in Co-partnership with Harrie Percival Heigham under the style or firm of
"Richardson & Company"
I bequeath to
The London City and Midland Executor and Trustee Company Limited
(hereinafter called" the Company")
All my share and interest in my said business, including all money employed by me in the said business whether as capital or by way of loan at the time of my decease, together with all profits and interest due to me up to the day of my decease (but not securities for money kept at my office for safe custody only and which are in no way connected with my said business) Upon trust to realise the same in accordance with the provisions of the Article of Partnership of the said firm and to stand possessed of the proceeds of each realisation Upon trust to pay there out all costs charges and expertise-of realising and administering the trust hereby created (including the remuneration of the Company)
And subject as afore said I direct the Company to stand possessed of the net proceeds of such realisation and the investments for the time being representing the same (hereinafter called my Trust Fund) Upon trust to invest the same In such securities as they in their discretion may think proper with power from time to time to vary each investment provided that any of the securities selected by them other than Statutory Trustee investment shall have no uncalled or unlimited liability upon them shall have paid a dividend on the Ordinary Stock or share each year during the five years preceding investment by the Company or if a security with a fixed dividend shall have always paid the full dividend and shall have a quotation on The London Stock Exchange.
And to pay the income thereof (including all interest on unpaid instalments of purchase money in the event of my partner exercising his option to purchase under the said Articles of Partnership)
to my dear wife Louisa Ellen Richardson during her life.
And after her decease Upon trust to stand posseseed of the capital and future income of my Trust Fund In trust for all my children who being sons shall attain the age of twenty one years or being daughters shall attain that age or marry under that age in equal shares and if there shall be only one such child the whole to be in trust for that one child And l declare that the Company with the consent in writing of my said wife during her life and after her decease at their own discretion may raise any part or parts not exceeding together one moiety of the vested or presumptive share of any child of mine under this my WILL, and apply the same for his or her edvancement preferment or benefit as my Trustees shall think fit And I also declare that the company may in the capacity either of Trustee or Executor employ and pay a Solicitor Broker or any other agent to transact all or any business required to be done (including the receipt and payment of money)
And the Company shall also be entitled to remuneration free from duties in accordance with the scale of fees being in force at the date of this my WILL or such other scale (if any) as may be arranged by written agreement between the Company and me.
And I further declare that if at the time of my death the business of the Company shall have been transferred to or incorporated with that of any other Company this my WILL shall be read and construed as if the name of such other Company were substituted for that of the Company throughout.
I appoint that my share of income whether original or accrued or which may accrue after my decease under the WILL of my late father Joseph Richardson deceased shall from and after my decease be paid to my said wife Louisa Ellen Richardson for her separate use and without power of anticipation until the youngest child shall attain the age of twenty one years but in case I shall leave no child or children who shall survive me or leaving such in case he she or they shall all die under the age of twenty one years then I appoint the, said income shall be paid to my said wife during her life.
I give to my brother Joseph our late Mothers diamond ring and to my esteemed friend and partner the said Harrie Percival Heigham my diamond pin.
I devise and bequeath all the rest residue and remainder of my real and personal estate to my said wife for her own use and benefit absolutely, she paying there out my funeral expenses and debts (except business debts ) all costs and expenses in respect of the proving of this my WILL and winding up of my estate other than my share and interest in my business herein before bequeathed to the Company.
And all death duties payable on my death And I appoint my said wife Sole EXECUTRIX of this my WILL, and to be the Guardian of my infant children
And lastly I revoke all former testamentary dispositions by me made
IN WITNESS whereof I have hereunto set my hand this
first day of November One thousand nine hundred and twelve
John R. Richardson
Signed by the said John Robert Richardson
as and for his last Will and Testament
in the presence of us who in his presence
at his request and in the presence of each other
have hereunto subscribed our names as witnesses:-
CHARLES N JACKSON Solicitor Hull
0. R. LEIGHTON His Clerk
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