Monday, Sep. 24, 1923
-L-400,000
Earl Farquhar, Court Official, banker and politician, left the British Royal Family the bulk of his fortune, valued at -L-400,000 (nearly $2,000,000).
The Earl was best man at the wedding of the Duke of Fife and the Princess Royal, King George's eldest sister; consequently he made their two daughters, Princess Arthur of Connaught* and Princess Maud his principal legatees.
Princess Arthur receives half of the residuary estate absolutely; of the remainder, after other bequests have been met, half is hers in trust for life and the other half goes to her son, the Earl of MacDuff. If the Earl (aged 9) dies before reaching the age of 21, the trustees of the estate become possessed upon trust for King George. Princess Arthur also has the choice of "two diamond necklaces, his plate, all effects of his town house, his consumable stores, horses, carriages, motorcars, etc."
Princess Maud receives the diamond necklace left by her sister and about $250,000, but if her "contemplated marriage" with Lord Carnegie, eldest son of the Earl of Southesk, is solemnized, Lord Carnegie is to receive the money.
Other bequests in the Royal Family are made to King George, Queen Mary, Queen Mother Alexandra, the Princess Royal, Princess Victoria, Prince George.
Outside the Royal Family bequests were made to the Earl of Derby, his racing partner; the Hon. William Lambton, famed trainer; Colonel James Forbes. Bequests of about $1,000 go to each of 50 of Earl Farquhar's "dear friends in the hope that they will accept them in the spirit I have made them, as the token of my affection, and that they will buy a remembrance of me." Provision is also made for other friends, his stepchildren, his sister's family and his servants.
* Her husband, Prince Arthur of Connaight, son of the Duke of Connaught, is Governor General of South Africa.