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In a holograph trust-disposition and settlement framed in popular language by the granter (who was not a conveyancer) the expressions “all money that I should leave, wherever deposited,” and “the interest of all moneys left by me,” occurred. Held that these expressions as used were capable of including, and in the circumstances were terms apt to include, the testator's whole moveable estate.
Various questions were raised in this case, which turned upon the construction of the trust-disposition and settlement and relative codicils of the late David Thomson, machine-maker, Leith. It is not thought necessary to report more than one of these.
The pursuer Mrs Mary Thomson or Easson was one of Mr Thomson's children by a first marriage, and she and her husband raised this action against Mrs Ann Forman Brown or Thomson, Mr Thomson's wife by his second marriage, and the other children of the testator, who were his trustees and executors. Mr Thomson's trust-disposition and settlement, which was dated February 8, 1878, was holograph, and was not prepared by a practised conveyancer, being informal and framed in popular language. After disposing of the heritable property, feu-duties, and household furniture, which he bequeathed to his wife, the deed proceeded—“All money that I should leave, wherever deposited, shall be divided amongst my wife and children, share and share alike; such division to take place when my youngest daughter arrives at the age of twenty-one years, but in the event of any of my daughters being married before that time, I leave it to my trustees to allow them such sums as to give them a suitable providing.” Mr Thomson subsequently executed a codicil to the following effect:—“It is my express wish to my trustees that my daughter Mary's [the pursuer] share of everything I leave be given to her at the rate of thirty pounds per year, payable half-yearly, as long as there is funds to pay that amount.” And on 20th June 1878 the testator executed a further codicil, which after disposing of his weighing-machine business, stock-in-trade, &c., concluded with a P.S. to the following effect:—“It is also my wish that my wife Ann Forman Brown shall receive the interest of all the moneys left by me up to the time of division of the same, as arranged for in my settlement dated the eighth day of February One thousand eight hundred and seventy-eight years.” In consequence of these deeds, and doubts regarding their construction, the present
_________________ Footnote _________________
* See Special Case Dunsmure and Others (Dunsmure's Trustees) v. Elliot, Nov. 22, 1879, ante, p. 134.
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The following was an abstract of inventory given up of Mr Thomson's estate:—
“1. Household furniture |
£249 |
4 |
9 |
2. Stock-in-trade |
160 |
15 |
3 |
3. Money in different banks, contained in five deposit-receipts, with interest |
£1416 |
17 |
7 |
4. Sum in bank on open account |
513 |
19 |
7 |
1930 |
17 |
2 | |
5. Sums lent out to three individuals upon bill, amounting, together with interest |
1307 |
12 |
4 |
6. Shares in Fourth Property Investment Company |
151 |
2 |
0 |
7. Debenture Bond of Leith Heritages Company (Limited), with interest |
2016 |
8 |
9 |
8. Sum due on mortgage on ship, with interest |
589 |
0 |
3 |
9. Proportion of rents and feu-duty current at date of deceased's death |
25 |
0 |
11 |
10. Sum due on policy on deceased's life |
364 |
10 |
0 |
11. Book debts |
227 |
4 |
9 |
12. Sum in bond and disposition in security, with interest |
705 |
15 |
0 |
13. Interest from date of death to date of giving up inventory |
32 |
16 |
3 |
£7760 |
7 |
5” |
Which it was maintained was all included under the above expressions.
The Lord Ordinary (
His Lordship added the following note:—
“ Note.—.… 1. By his will the testator disposed of his heritable estate, and he directed that all the ‘money’ he should leave, ‘wherever deposited,’ should be divided between his wife and children, such division to take place when his youngest daughter attained majority. That event has not yet happened.
By a codicil the testator gave his wife ‘the interest of all the moneys left by me up to the time of the division of the same, as arranged for in my settlement.’ He had given separate directions for the disposal of his stock-in-trade and household furniture.
Besides his stock-in-trade and furniture, the testator left moveable estate as detailed in the fifth article of the condescendence ( supra). It may be described as consisting (1st) of money deposited in bank; (2d) moneys on loan; (3d) shares in a company; (4th) sums due under a policy of insurance on his life; and (5th) book debts. The question is, whether this portion of his moveable estate has been validly disposed of under the description of ‘money wherever deposited?’ The Lord Ordinary thinks that it has.
The will was written by the testator himself, and he expressed his meaning in popular language. The question is, what he intended the word ‘money’ to embrace. It appears to the Lord Ordinary that he meant to dispose of his whole estate, and that the word ‘money’ was used by him as including his moveable estate other than that part of it which was made the subject of special disposition. He thinks that the word is sufficient if the meaning is clear. In popular language the ‘money left’ by a deceased person is equivalent to his moveable estate, and though perhaps it might not extend to corporeal moveables, it seems to be sufficient to pass incorporeal moveables, viz., nomina debitorum and such like.” ….
The pursuers reclaimed, and argued—The testator could not be regarded as a person who had only one term in his vocabulary for all moveable estate, especially in such a case as the present, where there was such a variety of investments. In England the term “money” had been restricted to moneys in hand or at will.
Authorities— Williams v. Williams, June 1. 1877, L.R., 8 Chan. Div. 789; Larner v. Larner, April 23, 1857, 3 Drewry 704; Byrom v. Brandreth, July 23, 1873, L.R., 16 Eq. 475; Collins v. Collins, L.R., 12 Eq. 454.
Argued for respondents—The term “money” was one apt to include all the testator's moveable property, the whole will being in popular language, and not written by a conveyancer. The whole estate had been committed to the trustees, and they had to administer it. The other construction would create intestacy to a certain extent.
Authorities— Prichard v. Prichard, Dec. 8, 1870, L.R., 11 Eq. 232; Langdale v. Whitfield, 4 K. and J. 426.
At advising—
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We are not trammelled in Scotland by any obligation to read this word “money” in a restricted sense; and I gather from the case of Byrom (L.R., 16 Eq. 475) that it is matter of regret with the English Courts that they are fettered in this respect with a train of decisions. With us the word “money,” like the Latin “pecunia,” may signify only coined money, or may cover all the pecuniary resources of the man who uses it. A settlement which should bequeath “all the money in my purse,” “in the till,” “in the house,” would probably be confined to coined money; while the words, “I leave all my money to build an hospital,” or, as here, “I direct all my money to be divided equally among my children,” would, if used as a general testamentary expression, carry the universitas of the testator's personal estate. In the present case the meaning is not to my mind doubtful. As the word occurs in the principal deed, it is manifestly intended to apply to the universitas of the testator's personal estate, although it is afterwards qualified in regard to the goodwill of the business; and the word as used in the codicil, referring back as it does to the passage in the principal deed, is both clear in itself and adds force to the construction of the original clause. The settlement is said to be holograph of the testator, and I entertain no doubt as to the sense in which he used these terms.
I am therefore of opinion that on this point the Lord Ordinary is right; and this view of the matter appears to me to be supported by the authorities referred to at the debate, and especially the cases of Prichard v. Prichard, Dec. 8, 1870, L.K., 11 Eq. 232, and Langdale v. Whitfield, 4 K. and J. 426.
I think it plain that the testator by the expression “all money that I should leave” meant his whole moveable estate excepting the business and stock, which he specially bequeathed to his two sons John and James. It is, no doubt, true that the word “money” may have a limited and restricted meaning, but I think it evident that it has the widest possible meaning in the present will. The testator begins by directing his debts to be paid “from any funds I might leave,” thus implying that all his funds were to be under the management of the trustees named in the will. He then specially leaves his heritable property, feu-duties, and furniture to his widow in liferent while she remains his widow, and then to be divided amongst his children, share and share alike; and he directs that “all money that I should leave, wherever deposited,” shall be divided amongst his wife and children, share and share alike. The first codicil directs “that my daughter Mary's share of everything I leave” be paid to her at the rate of £30 a-year. I think the expression “everything I leave” refers back to the former bequests in her favour, which the testator here describes as her share of “everything I leave.” This shows that the settlement was a universal one, and that by the word “money” the testator meant his whole property not specially disposed of. The same inference appears to follow from other clauses in the deed—for example, from the provision in the last codicil, or P.S., where the testator directs that his wife shall “receive the interest of all the moneys left by me up to the time of the division of the same.” I entertain no doubt therefore that the settlements include the whole estate of the deceased, leaving nothing to the operation of intestacy.
The Court therefore adhered to the Lord Ordinary's interlocutor, in so far as regarded the question relating to the import of the term “money.”
Counsel for Pursuers (Reclaimers)— M'Laren— J. P. B. Robertson. Agent— H. B. Dewar, S.S.C.
Counsel for Defenders (Respondents)— Kinnear— Millie. Agent— William Paterson, Solicitor.