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and of all such debts as shall be due or owing from or by the said trade to any person or persons ; and do and shall cause a just valuation and appraisement to be made of all the particulars in the said account, in order that the net amount of the capital then employed in the said trade may clearly appear; and that my said trustees, and the survivors and sur- And to make vivor of them, and the executors or administrators out a yearly acof such survivor, do and shall, on

next after my decease, or within one calendar month then next following, and so yearly and every year whilst the said trade shall be carried on by them, in pursuance of the powers herein for that purpose contained, on the same day, or within one calendar month next afterwards, cause to be made up and stated a full and accurate account, statement, and adjustment of the accounts of the said trade, and shall and do cause to be made and taken a like account, in writing, of all the stock, monies, debts, and other things which shall be then belonging, due, or owing to the 'said trade, and of all such debts as shall be due or owing from or by the said trade to any person or persons whomsoever, and do and shall cause a just valuation and appraisement to be made of all the particulars included in such account; and that the The profits of profits and gains which shall arise or be made from the trade in the or by the said trade, shall in the first place be liable swer the interest to answer interest after the rate of 51. per cent, per per anh. upon annum, upon the net amount of the capital in cash the net amount and effects, which shall be from time to time em- employed. ployed in the said trade, including the debts owing to the trade, of which interest a distinct account shall be kept; and out of such interest my said wife The annuity to shall have, receive, and be paid the annuity herein- several sums before given to her, or in trust for her as aforesaid, before directed and the said several sums herein before directed to be and paid, so allowed and paid, for the maintenance and education come out of this of my said sons and daughters respectively, shall be

cumulate in the

until divided

And subject to allowed, deducted, and paid; and subject thereto invest the residue respectively, the said interest shall, from time to of such interest time, be laid out in, or invested upon, the parliagovernment se. mentary stocks or public funds of Great Britain, or at curities, to aço interest upon government securities in England, to be

from time to time altered and varied at the discretion way of compound interest, of my said trustees, or the trustees or trustee for the amongst the time being, so that the same and the resulting income sons.

and produce thereof may be accumulated in the way of compound interest, until the same shall be divided amongst my sons, as well those already born as those

hereafter to be born, in the manner next hereinafter This division to mentioned, (that is to say) the same shall be divided de in equal shares, one into as many shares as I shall have sons already born moiety to be

or hereafter to be born, and when each of my said sons paid as they respectively arrive shall attain the age of 21 years he shall have and be at the age of 21, entitled to one of such shares, and the same shall be moiety, with the paid to him as follows, (that is to say) one moiety or intermediate ac half part of such share immediately on his attaining they arrive at the age of 21 years, and the other moiety or half part the age of 25. of such share, together with the intermediate accu

mulations of such moiety, on his attaining the age of 25

years; and each of such my said sons shall, from and after his attaining his age of 21 years, also have and receive a proportionable part or share of the interest to arise or accrue on the said capital, after payment of the said annuity to his mother, and

the several sums hereinbefore directed to be allowed The overplus of and paid thereout as aforesaid. And I do hereby the profits, after declare my will and mind to be, that the overplus interest upon the of the said profits and gains, after answering interest capital, to be

upon the said capital as aforesaid, shall from time to added to the capital employed time be added to the said capital, and shall be therein the business with employed in carrying on the said trade or busi

ness as hereinbefore directed.

Shares of the Provided always, that in case any of my said sons sons to survive. shall depart this life under the age of 21 years, then and in such case, and so often as the same shall hap

pen, the part or share of such son so dying, of and in the money so directed to be raised for interest, and so to be invested and accumulated as aforesaid, and also the future interest to accrue for the same, shall be paid to and amongst the survivors or others of them, if more than one, share and share alike, and if more than one of my said sons shall depart this life under the age of 21 years, then and in such case, and so often as the same shall happen, the surviving or accruing share or shares to which such son or sons would, on attaining the age of 21 years, have become entitled under the clause last hereinbefore mentioned, shall again survive and accrue to the survivors or survivor, or others or other of them my said sons, in equal shares and proportions if more than one, and in case all of them save one shall happen to die under the age. of 21 years, then as well the whole of the interest so to be invested and accumulated as the whole of such future interest, to belong to such one or only son, and to be an interest vested in him on his attaining the age of 21 years, and to be paid to him at the respective times and in manner aforesaid. And my will is, that when my said son W. Each son attainshall attain the age of 21 years he shall become ing 21 to be adand be admitted a partner in the said trade, if he and to be intitled shall think proper, and shall in such case have and to a fourth. be entitled, during the partnership, to one-fourth of the profits and gains which, after answering such interest as aforesaid while the same shall continue payable, may or shall arise or be made in the said trade after his admission as such partner therein; and my will also is, that when my son F. shall attain the age of 21 years he shall become and be admitted a partner in the said trade, if he shall think proper, and shall in such case have and be entitled, during the partnership, to one-fourth part of the profits and gain which, after answering the said interest, shall arise or be made in the said trade

after his admission as a partner therein; and my further will is, and I do hereby declare, that when my son T. shall attain the age of 21 years he shall become and be admitted a partner in the said trade, if he shall think proper, and shall in such case have and be entitled, during the partnership, to onefourth part or share of the profits and gains, which, after answering the said interest, shall arise or be made in the said trade after his admission as a partner therein; and further my will is, that when my son G. shall attain the age of 21 years he shall become and be admitted a partner in the said trade, if he shall think proper, and shall in such case be en titled, during the partnership, to one-fourth part of the profits and gains which shall, after answering the said interest, arise after his admission as a partner therein.

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my said sons shall, within the space of one year next come of age, to after they shall respectively atrain the age of 21 business or not. years, determine and elect whether they will become

partners in the said trade or not, and in case they determine and elect to become partners therein, they shall within that time respectively notify such their election and determination, by writing, under their respective hands, to my said trustees, or the survivors or survivor of them, or the executors or administrators of such survivor, or otherwise they shall be considered as having refused to become

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Provided always, and my will is, that in case my ering the trustees trustees, or trustee for the time being, or the major the business any part of them, shall

, from the conduct of any or either son, whose con- of my sons who shall become and be a partner or to be unqualified. partners as aforesaid, while any of the trusts of this

my will, respecting the said trade, shall remain unperformed, be of opinion that it will be injurious

to the trade then carried on, and to the rest of the

partners therein, that such son or sons should any longer continue a partner or partners in the said trade, that then and in such case it shall be lawful to and for

my said trustees, or the trustees or trustce for the time being, or the major part of them, and he and they shall have full power and authority immediately to dissolve the partnership, so far as respects such son or sons, and such son or sons shall thenceforth be no longer a partner or partners in the said trade, and And such son from and after such dissolution of the said partner- so excluded or ship, or dismission therefrom, have and be entitled have the legacy to such legacy and legacies and provision, as is and provision hereinafter made for such of my said sons as shall neglect or refuse to become a partner dr partners in the said trade or business, any thing hereinbefore contained to the contrary thereof in anywise notwithstanding.

And my

further will is, and I do hereby direct, Such son to have that in case any of my said sons W., F., T., and G. a legacy of 40col. shall refuse to become partners or a partner in the but not accruing said trade, within the time aforesaid, then every of share in the insuch sons so refusing to become a partner in the said cent. upon the trade shall, upon his attaining the age of 22 years,

capital aforesaid, (but not unless he attains that age) have and receive, from and out of the capital then employed therein, the sum of 40001. to and for his and their own use and benefit; and every of such sons shall, nevertheless, be entitled to, and shall have and 'receive, his original share of the interest which shall have arisen or accrued from or by the said capital employed in the said trade, up to the time of his attaining the age of 21 years, the same to be paid and payable at the time and in the manner hereinbefore mentioned, but shall not be entitled to any further part or share thereof, by way of survivorship or accruer, on the death of any other or others of my said sons.

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