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.
| 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 | 15 | 0 | 0 |
| 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 31st December, 1913 | 32 | 19 | 2 |
| March | 3 | Sale of Furniture | 243 | 6 | 8 |
| " " | 25 | Quarter's Rent of Property to date, less tax at 1s. 2d. | 16 | 1 | 10 |
| " " | 31 | North British Investment Trust Dividends, 6 months to date, free of Tax | 70 | 0 | 0 |
| " " | 31 | West Ham Gas Co., half-year's Debenture Interest, less tax | 47 | 1 | 8 |
| 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. | |||||
| 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. |
What amount was paid to Mrs. Huggins on the 30th June, 1914?
