Julius Jones was a poet, and although he died prematurely on the 30th June, 1914, his name will be remembered by posterity as the author of the beautiful Hymn, of which the first line runs "Farewell, old buck, we part to meet again!"

He left the following Estate:—

Liabilities at death were £200, and Funeral Expenses amounted to £30. Legal Expenses were also paid, amounting to £170.

The Securities and the Furniture realised £19,000 and £300 respectively.

A Legacy of £500 was left to his Nephew (free of duty).

The eldest Son of the Testator (Patrick) was given the option by the Will to take over the Freehold Property at £7,500, which he elected to do. The residue of the Estate was to be divided equally between the three children of the Testator:—

Patrick,
Peter,
Paul,

but he directed that the amounts of £3,000 £2,000 and £1,000 advanced to them respectively on the 1st June, 1911, were to be brought into hotchpot.

Prepare an Account showing the division of the residue, taking into account the Duties payable, but ignoring Interest on Advances.