Crossword Genius

Eastern statue, perhaps, last of all to obscure Northern payment (9)

Ross

I believe the answer is:

emolument

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'payment' is the definition.
(emolument is a kind of payment)

'eastern statue perhaps last of all to obscure northern' is the wordplay.
I cannot really understand how this works, but
'eastern' could be 'e' and 'e' is located in the answer.
'last' could be 't' (I've seen this in other clues) and 't' is located in the answer.
'of' could be 'o' and 'o' is located in the answer.
'northern' could be 'n' (abbreviation e.g. N. Ireland) and 'n' is found in the answer.
This may be the basis of clue (or it may be nonsense).

Can you help me to learn more?

(Other definitions for emolument that I've seen before include "Profit of employment" , "payment" , "Compensation paid" , "profit results" , "A fee received, salary" .)

I've seen this clue in The Telegraph.
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