From Don. Emily had died at Heavitree on 16 March – presumably at Fort Villa – and Don was clearly acting as her executor.
Monday 24th May, 1959 [sic]
A copy of this letter has gone to ‘Devonia’*, Headstone Lane** and Queen’s Walk***. It replies to Geoff’s letter, no date but postmarked 10/5/59 and two ex Leon – one dated 9/5/59 and the other 22/2/59.
Nothing has been decided to date regarding the investments ( in trust ) for Rebecca, Sara, Susan and Carol. The best effort forthcoming so far is National Savings Certificates which would be registered under the Holders Card Nos. already advised.
The certificates, if and when purchased, would be the 10th issue and held for 7 years when every 15/- would be worth £1 – not bad for a start – the snag being that a reinvestment would then have to be found by the trustee – the best available at the time – either say a 11th issue Trustee Savings Bank. If the trustee made a bad investment he would have to make good the loss. Now the point you all appear to emphasise is put the money in GWR Savings Bank @ 4.5% until they are 21. Good show, but tell me please under what rule a separate trustee account may be so opened for the persons concerned when as each becomes 21 the book may be given her on the day. You will appreciate, no-one, except the trustee may have access thereto during the intervening years. However. assuming such accounts may be opened, these would have to be closed by the trustee if either father passed away and the widow remarried outside British Railways. I hate to touch upon such a morbid subject but life is so uncertain apart from the age factor that some of us may not be around to see all the legacies paid out. If your replies on the GWR Savings Bank are negative ones have you any other ideas please on how the various sums may be invested to give the best return during the waiting period and at the same time protect the trustee from any loss. The question is on the table.
Headstone Lane: I note Geoff bought 500 bricks and hopes to brick edge some flower borders. Unless a low wall is required I prefer whole sleepers. Much quicker and a good one lasts about 15 years. Also not subject to frost eating bricks away.
Clevedon: Thanks for news re: S/M****s at Yatton and Highbridge. Both having a pretty rough time. Always someone worse than yourself. (I expect you know the Chinese story – the beggar grumbling because he had no boots until he met a man who had no feet.) However I should like to know how both are getting on now if not back to work yet. Am not too bad myself. Am please to say all your onions have taken root here. A lot of my similar ones keep throwing seed heads. Glad you and Geoff were able to have a look together at some of Mother’s treasures – also very pleased you were able to satisfactorily sort them out between you and that Alec came into the picture. Talking about pictures, the one I would like to have had was an oval one showing trees in a glade. It had no frame or glass. Strange no-one can say where it went. Like the jewellery must take it as read I suppose. No more for now.
*i.e. Leonard and Eva **i.e. Geoff and Stella ***i.e. Alec and June ****Station Masters