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Jewish Colonial Trust Opens Court Move to Get Part of Albert Nathan Estate

Argument has commenced before the Pietermaritzburg Supreme Court in an action brought by the Jewish Colonial Trust against the administrators of the estate of the late Albert Solomon Nathan for an order authorizing the administrators to pay to the trust the part of the estate not required for legacies and annuities under Nathan’s will.

Nathan, who died in 1924, provided in his will for payment of certain legacies and annuities for a period of 50 years, after which the estate would be wound up and its net revenue turned over to a trust for establishment of a “Solomon Nathan Family Fund” to be used for restoration of the Jews to their ancient home in Palestine. The Jewish Colonial Trust’s declaration claims that while the estate now stands at more than L 403,000, the outstanding 36 annual payments only require L 116,000 and therefore L 287,000 not required for payment of annuities should be turned over to the trust.