IN RE:   WILLIAM FREW.    DECEASED

I, William Frew, of St. John's, hereby revoke all former wills and codicils made by me, and declare that this is my last will.

1. I appoint the Royal Trust Co., my wife Mary, and my daughter Flora, to be executors and trustees of this my will. The expression "trustees" shall (where the context permits) mean and include the trustees or trustee for the time being hereof whether original or substituted.
2. If any trustee of this my will shall die or remain out of Newfoundland for more than twelve months or desire to be discharged from all or any of the trusts or powers reposed in or conferred on her or shall refuse or be unfit to act therein or shall be incapable of hereby acting therein then and so often as the same shall happen it shall be lawful for the surviving or continuing trustee or trustees hereof for the time being to appoint a new trustee or trustees hereof in the place of the trustee or trustees so dead or remaining out of Newfoundland or desiring to be discharged or refusing or being incapable as aforesaid.
3. I bequeath all my household goods and chattels to my wife absolutely.
4. I bequeath my watch and chain to my son Leander absolutely.
5. Subject to the payment of my debts, funeral and testamentary expenses, I bequeath all the residue of my property unto my trustees absolutely upon the following trusts -
(a) To pay the income thereof to my said wife during her life.
(b) Upon the death of my said wife to pay Ten thousand dollars ($10.000) to my daughter Flora, five thousand dollars ($5.000) to my son Robert.
( c) to invest Thirty thousand dollars ($30.000) as a separate fund, in such investments as the law allows for trust funds, and to pay the income thereof to my daughter Margaret, for life, in monthly, quarterly or yearly amounts, as shall be most convenient: Provided, that upon her death, with issue, the principal sum shall be paid to her estate, or as she shall have by will directed, and upon her death, without issue, shall be paid as she shall have by will directed, or, in default of such will, shall be equally divided between my surviving children, and the issue of my deceased children, if any, per stirpes.
(d) to invest the residue remainder as a separate fund, in such investments as the law allows for trust funds, and to pay the income thereof to my son Leander, in monthly, quarterly or yearly amounts, as shall be most convenient; Provided, that upon his death, with issue, the principal amount shall be paid to his estate, or as he shall have by will directed, and upon his death without issue shall be paid as he shall have by will directed, or, in default of such will, shall be equally divided between my surviving children, and the issue of my deceased children, if any, per stirpes.