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1983, and $2 million in 1984. Modern Globe received no
consideration for the guaranties.
During the administration of Mr. de St. Aubin's
estate, Modern Globe regularly made interest-bearing demand
loans to Pohatcong Investors, including $1 million lent on
an "available as required" basis, beginning in October
1979. Modern Globe demanded repayment when it required
additional working funds. The loans were structured to be
profitable for both corporations, bearing a higher interest
rate than Modern Globe could safely earn in the market, but
lower than the market loan rates available to Pohatcong
Investors.
During the period from Mr. de St. Aubin's death in
1967 until sometime in 1983, decedent received the personal
use of a Cadillac or Oldsmobile automobile and a chauffeur
supplied by Modern Globe Sales, Inc., a wholly owned
subsidiary of Modern Globe. The record does not state
whether decedent received use of the car and driver because
of her status as a director of Modern Globe, as income
beneficiary of one or both of the trusts, or otherwise.
In 1981, decedent suffered an incapacitating stroke. The
record does not state how the stroke affected decedent's
use of the car and driver. After the stroke, Chester
Nuttal, controller of Modern Globe, replaced decedent on
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