Transcribed by Judy Benson & Ivy Benoit. While I have endeavored to be as correct as humanly possible, there could be
some typographical errors
Newfoundland will books, volume 11 pages 499 to 502 probate year 1920
Will of Sir Robert G. Reid |
In re: SIR ROBERT GILLESPIE REID DECEASED.
This is the last will and testament of me Sir Robert Gillespie Reid of the City of Montreal, in the Province of Québec, contractor.
1. I desire all my just debts to be paid by my executors and trustees hereinafter named.
2. I give devise and bequeath to my mother Catherine Gillespie Reid and to my sister Ellen Reid both of Couper Angus Perthshire Scotland, and to the survivor of them, the use, enjoyment and revenue of all my property real and personal in Scotland. On the death of the survivor of them I direct the same to be sold by my executors and trustees and the proceeds to form part of my estate.
3. I give devise and bequeath to my executors and trustees hereinafter named all the rest of my property and estate real and personal of whatsoever nature and wheresoever situate upon the following trusts and conditions and for the following purposes:-
4. I direct my said executors and trustees to pay to my mother and said sister and to the survivor of them the sum of two hundred and fifty pounds sterling per annum, payable annually, the first payment to be made on the first of January after my death.
5. I direct my said executors and trustees to pay to my brother James Gillespie Reid of South March in the Province of Ontario farmer during his life the sum of four hundred dollars per annum payable quarterly the first payment to be made three months after my death.
6. I direct my said executors and trustees to pay to my daughter Harriet Duff Reid during the joint lives of herself and her mother the sum of ten thousand dollars per annum payable annually the first payment to be made on the first of January after my death. This bequest is for her ailment and shall they ins(????)able and she shall not have the power to anticipate or pledge or hypothecate or assign the same or any part thereof. In the event of her marrying it shall be entirely free from the control of her husband in any manner whatsoever. During the life of her mother and while she and her mother live together it is my desire that each of them shall contribute to the household expenses in proportion to their respective incomes. If my said daughter should die before her mother leaving issue then such issue shall be paid said sum of ten thousand dollars per annum during the life of my said wife.
7. I direct my said executors and trustees to set apart and keep invested in safe securities a sufficient portion of the capital of my estate to secure the punctual payment of all the foregoing annuities. When any of the said annuities ceases to be payable a proportionate amount of the capital so set apart shall fall into and become a part of, the residue of my estate. -
8. I direct my said executors and trustees to pay the following sums out of the income of my estate one year after my death:-
To Queens University at Kingston, five thousand dollars;
to the Protestant Hospital for the Insane at Verdun five thousand dollars;
to the Alexandra Hospital Montreal five thousand dollars;
to the General Hospital Montreal, five thousand dollars;
to the Victoria Order of Nurses, two thousand five hundred dollars;
and to the Western Hospital Montreal two thousand five hundred dollars.
9. With regard to the loan of one hundred thousand dollars which I have made to my son William Duff Reid and for which he has given me his prommissary note I direct that if at the time of my death the said sum has not been wholly repaid to me there shall be deducted from any monies coming to him under any of the following provisions of this my will any sum or sums of the principle that may be unpaid in connection with said loan or advance before he shall be entitled to receive a share. He shall not be required to pay any interest on said loan or on any part thereof.
10. With regard to the loan of one hundred thousand dollars which I have made to my son Harry Duff Reid and for the security of which he has transferred to me six hundred shares of the Canadian Pacific Railway which are now standing in my name. I direct that he shall have the right to repurchase from my executors and trustees the said six hundred shares for the said sum of one hundred thousand dollars or such portion thereof as may not at the time of my death have been repurchased by him from me at a proportionate rate. All dividends thereon up to the time of such repurchase by him shall belong to my estate.
11. In the event of my death before the following properties in the state of Minnesota and all my claims with respect thereto have been assigned and conveyed to the following parties respectively. I direct
[A] that my uncollected claim in principal and interest on the North West quarter of section 31, township No. 164 N. of range 50 W of the principal meridian, containing 160 acres under agreement with J. Duff dated April 21st, 1902, go and be transferred and conveyed to the said J. Duff and his sisters in equal shares with all the rights belonging to me in said quarter section;
[B] That my uncollected claim in principal and interest on the North East quarter of said section 31 under agreement dated April 21st 1902 go and be transferred and conveyed to Mrs. Annie Duff during her life and so long as she does not remarry, and after her death to all her daughters in equal shares.
12. As to the rest residue and remainder of my estate I direct that the income and revenues thereof and the reform be paid over to my beloved wife Lady Harriet Duff Reid during her life hereby constituting her my Residuary usufrunctuary legatee. On her death the payment of the said annuity to our said daughter or to her issue as the case may be shall cease and the proportion of capital set apart therefore shall fall into and become a part of the residue of my estate.
13. I direct that my interest in the Reid Newfoundland Company shall be realized and disposed of as soon as practicable after my death. I desire and direct that my said interest in said company be disposed of in cooperation with the other shareholders of the said company, in order that the interests of all may be protected and safeguarded as far as possible and that the best possible price may be obtained for my estate and the other shareholders. I give to my executors and trustees all necessary power and authority to take any steps and to obtain legislation if found necessary or expedient in order the more fully and equitably to carry out my directions and desires in connection therewith.-
14. I will and direct that my executors and trustees shall not invest any part of my estate in any new enterprise or in any speculative or hazardous investments in Newfoundland or elsewhere, but that they shall invest the same only in safe and conservative investments similar to those I have in the main selected during my lifetime, my desire being that safety may be the chief object and not possible or expected larger returns or profits.-
15. As to the capital of my estate I direct that the same shall upon the death of my said wife belong equally to and be divided among my four children and their respective shares shall be paid to them from time to time as may be convenient except that the share of my daughter said daughter shall be safely invested and the revenue and income therefrom be paid over to her during her lifetime. It is my direction that such payments shall be paid to her regularly and punctually. In the case of the death of any of my children leaving issue such issue shall receive the share of their parent. If my said daughter should die leaving issue, such issue shall receive her share of the capital.
16. I nominate and appoint as executors and trustees of this my will my beloved wife Lady Harriet Duff Reid, my three sons William Duff Reid, Harry Duff Reid, and Robert Gillespie Reid, Junior, and my friend Sir Thomas Shaughnessy, with full power to sell and dispose of all my property real and personal for the purposes aforesaid; to invest and reinvest the proceeds of the same until the full execution of this my will. In the case of disagreement or serious difference of opinion among my said executors my said wife shall have the power to assign transfer and make over the executorship and trusteeship of this my will and my estate to the Royal Trust Company of Montreal and after the death of my said wife a majority of the executors shall under like circumstances have like power, and thereafter the said company shall become my executor and trustee and be seized of all my estate, and thereupon all the powers and duties of my executors and trustees shall devolve upon and be fully vested in said company until the complete execution of this my will.
In witness whereof I have hereunto set my hand and have also placed my Initials at the foot of each of the five preceding pages of this my will this 30th day of October A.D. 1907. [Signed] R.G. Reid.
Executed by the said testator as his last will in the presence of the undersigned witnesses both present at the same time and signed by them at his request and in his presence and in the presence of each other.
[Signed] John J. MacLaren of Toronto, Justice of appeal.
Arthur H. Plimsoll Chart Accountant.
Correct William F. Lloyd
Registrar of the Supreme Court of Newfoundland.
(Listed in the margin next to this will the following)
Fiat May 5/20
The Chief Justice
The Royal Trust
Co. July 20/20
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