Persistent rumours that the trustees of the Bernhard Baron Charities Fund are finding it difficult to pay the bequests are denied by Sir Louis Baron, Mr. Barnhard Baron’s son and one of the trustees, in a statement to the press to-day. In his will Mr. Bernhard Baron set up this fund in addition to the Charitable Trust of half a million which he formed about 11 months before he died.
I know that it has been said that death duties swallowed up the estate, Sir Louis said. Actually there has never been the least difficulty in meeting our obligations in connection with my father’s estate. The death duties, amounting to more than two million pounds were all paid within a few weeks of my father’s death, and all outstanding matters were settled with the Inland Revenue Department within a year.
Mr. Baron left 30 per cent. of his residuary estate for charitable purposes. It is to be distributed over a period of twenty years, and including £65,000 specific charitable gifts made by the will the trustees have made grants amounting to £185,000, the larger proportion of which have already been paid in full, the others being payable over a period of five years. Grants have been paid in full to many hospitals out of the income, leaving the capital in the same form as when it was taken over.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
