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Gubay bequest 'to surprise many'

Trustees signal long-term largesse to come

The generosity of former Island entrepreneur Albert Gubay will not be realised for some time.

So says one of the trustees tasked with fulfilling his wishes.

Before his death last month at the age of 87, Mr Gubay set up The Albert Gubay Charitable Foundation.

John Nugent, chairman of the foundation trustees, says the £10 million a year it will distribute to charitable causes will be just the start:

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