Description: | DHF/4/81/3/1: Settlement/discretionary trust (5 Aug. 1921) by William John Thompson of Harboro' Hall, Blakedown, Worcestershire, engineer on himself and Andrew Martin Fairbairn of 1 Priory Street, Dudley, Worcestershire, solicitor, to apply the income for the benefit of some or all of the named persons (Thomas Oliver Harries of Stourbridge, his wife and children; Clement Hoult of the Rookery, Worcester, Enid his wife and their children; Harriet Morris of Coddington, Newark-on-Trent, Frances Nicholls of 20 The Hayes, Cardiff; Elsie R. Goodridge of Dudley; Annie Gough of Churchill, Worcestershire; Neville Frost of Wellington; Harry Bates Thompson of Oxford) and their children or remoter issue, or such persons as he shall appoint, during the lifetime of the settlor, thence (subject to variation by the settlor) to pay 4000 to the Harries children in equal shares, 2000 to Irvine Hoult, daughter of Clement, and 10000 to Ethel Toms of the White House, Hagley to be used by her to carry on the ideas of the settlor, all of these being satisfied by transfer of 'A' Preference Shares in any John Thompson company; in the next place to pay the income from 5000 to Harry Bates Thompson for life, thence divide the capital equally between the settlor's brothers, James, Albert and John Thompson, the income from 2000 to Nellie Frost, matron of the Infirmary, Wellington for life, thence to divide capital as the foregoing, the income from 1000 to Harriet Morris for life, thence to divide the capital as the foregoing, and the income from 1000 to Frances Nicholls for life, thence the capital to be divided as the foregoing, with the 2000, 1000 and 1000 represented by 'A' Preference Shares of that nominal amount in any John Thompson company; the income from the balance of the trust fund to wife, Frances Mary Thompson for life, thence the capital to be divided as before; power to invest in the shares of the various John Thompson companies and of any company of which he may be a director; trust fund is 8451 x 1 'A' Preference shares in John Thompson (Wolverhampton) Ltd, 19997 x 1 'A' Preference shares in John Thompson Water Tube Boilers Ltd, 5543 'A' in John Thompson Motor Pressings Ltd, and 4916 'A' in John Thompson (Dudley) Ltd, and 20250 'A' Preference shares in John Thompson Gas Developments Ltd. |