PUBLIC TRUST-OFFICE.

Dominion, Volume 2, Issue 406, 15 January 1909, Page 8

PUBLIC TRUST-OFFICE.

f-Si-'^vi '-.' ' -L ■ Tecent ■ cable, 'message; from ■ London," which :i*iS',:. : : iTrusV;-Office, vin; &-sS:"'England.: captured^^m.ithe'ifirstNyekr. the 5 enor■vi}S£- ■ nious'; total?.of v,;^20,000,000.: wprth 6f ■ .trust; ; &£*'. ; pert7,-for ( administration .under', its. :Abt-^an',Act', US' >:.which became-law due mostly ..to -tlie : : persistent '■ f;S«y e fforts.iof the;:late'Sir'Ho'™d?Vmceht^M.P.—; [V 'i■'<i recalls-to'piir'notice the'pperations::of ouriocal 1 : KvS:- ; Euttic:Trust',Office, 'g;-::}ia ■/.:'.^-:?:r- : -• : j': ■"': ' : .A p>i-;-' , ;pV.fvlii; : New''Zealai»d>'.tlie'.'.yaliie.-.'6f;' , tlie''assets'' ra-) :-&.«,':'!'.'inaiiin'g on:the'-.books : .is ; abputfißß.OOp.QOOi.eter-,' ii-.S':ivling.'at the present..,time.;;;;THqs'e: assets.ivill., fy-¥'Jv amount 'in -decade) f; according "to: tT- ; ii ;^^; ?Jpresent^-"estimates,'.- to.quite, I'?!-'.'; estimate is .gauged ''npt,. only. the-normal, in 7 j; K : ,Qjrycreasp''bf,business-rrbut : fes'-Jv-th'at 'of-'Uvingrpersons.-.al-' fiii i % feready- in: the' office-: : a;:n.umber'.which: K^oS;is, ■added-to at-the.Jrate ,, ;of;,eighteen ; per OP±- week.■•;> O':'' : '■/■!'%:\■ 'V ;; ?--#'£-S:' '•■-■ ■ :; ' •:' ; ;; : 'located -in: three; ifX--. ':?/rate : " ; buildings,-', and;it/islia; : matter; of 'much p : -*Z • ; , ; -gratification,-.tnat the.neK : and handsome P.ub-y H'SiM'-; /premises ■ will: be;;ready;;fpi•.■ oc T . fe'-'f- •:oupation'm-.Mafch'.next.':i-:'VVheii ; thosei premise?, P#v'were"vdesigned>three ; 'years/:agoi /lit/ was ;conA; rSS\:lvfMdered : ithUtV.tt'e , ; - .lopat:'sJtaff-',co .th'e'/gTound ifloor.-'bjnt such::has , [(?:•'''':''.beenJthe'rapidfgrowth',of the-'office that-'it hasto take in^'another.floor'('(&B>: in;H:he' buildingyb'There: are fire ■■ in: this' i;"Stfl'r.ibuilding,-and l , it'iisJ'safe, 5 to.ftredict'ithat in -20-" need"the/ KPi : Vwhole/bf/the/;spaceVfor/-itself; ' : i';^ : S;V ■;';;/:,;■-. t'V'?fv'.''.v'-:The--'*b^ S;;'>"'"'./iwith'the ad.mmistratipit',pf:;will9.'/The -yalue in p. >?V v connection , 'with i those ''alone -is", oye'r ' %V'iC-l The/yalui'of r the!'Native'work'is-6yer'51,450,000, ?&:■;£ -, '.. ; while' the.- administration of- the I various/sink-•; j:' ./ "./'; ing' , :funds /reaches. s the;'■': respectable" : : total." of £%;<■' These;;- sinking -funds..- will Rapidly. |vi:;s''.-o increase, ' &s,[ since'"the/'passing-, of -the amend-. p: ,V?.i ment. to '.the ; Loans. tor Local -Bodies/-Act,of last k-'.-.S; , i : eessibn;• it;is<stipulated , that ■, all'.'the.'.sinking, R/i'Si , / funds attached ;to such "loans .must now,: vest in pi,';Kj:: ; the/'P.ublic : ; Trustee' absolutely;./tha't ; /is, ; '. '*h'e-. t!-J-'r-v-Public./-Trustee , Ms solei'cpmniissioner'. of: : the' SJtfS'i'Binking. fdnds..'- , ;::' : u ?''■■■" V , ':''.' f/'f s* : -;- -Iri..what'-is! known 'asrthe':."pensions'.'-'.brarithi' p':-:a■'*: : the work:'is'growing very-rapidly.'/'This.'branfch [S"£i : ..i includes.' the -work ln.connection with- the: funds i--'5:->/: : .of the.Civil-Service. Superannuation, thevEolice"! $':■&<: ;V;Provident,/.Post andi.T.elegraph.'Classification, y&p: :/Teachers'-;Superannuatipni VGovefnment ./-Bail--p-it-:;*,::ways : : Suserannuation, ; ;i,and/:' Y r w-'A Militia/'Eeward-. J?und,\ and/ the'.jopn'tribuHons-js'^.-v^'-Tuidej/'tlibse'^headings, anipun'ted -in , ''cash,' for 1 '/it.:-Cth.4 :year/]ust( closed,' ! ;t6'Over':ieisa,ooo. ; -"The' ]'■■■■■•*;. - amountre'presented by. mortgage investments" of jl^i--■;•'the Public,Trust'.Office-stands-at iE2i540,000. '5. ;;/ : ;/-i/.' -These;results'-are/simplyjamazmg.when 'one 1γ'.::?;, , .;-' considers^;that ; <the:office-has,.-3iot/:lonK' emerged; i;, : ;;>/: s from , : its/ infantile: stage,-' and .■ that'. this 'young.. f,V;)f:y:/country;w.as.the first in Anglp-Saxondom to- try. ;'.'/-:■::/■/ the of.a' Government '.office: dealing ?;;V;;r' /'with trust, funds.;. v 'Now'.'we see'-:'that/largely". |; v■} -.' '•: owing to' its, conspicuous ■ success in. New''Zed-' \A r,: Viand other; countries 'are;follpwingi suit;/ ,We ! £:~ ■'■'■' : ?y. s&* 'no limit"to •: the'':pbssibilities/.bf ' our Uocal V'i-;>. ' i, :-'.;:-insntnti6ri.-/.. Its control of ;the; : vast intereststo, it -requires, : an:ever-vigilant .care,' !-:-:■'■':■. :< - and the- responsibilities attaching to-.the office; i; /;/' are of-thp:weightiest:kind:;v ;:;;: : ;, : : ,: : /^-: : i/..-/l;-;: T :/--Precautions are .necessary ,in : .dealing-.with) hifc^;women' who • actually; glory- in : the' fact" tha.t :'/f/:.:'.!iheir-.plighted, word cannot be.,trusted. .Their : •' ■'■: i^ ■'•.,■',yiblence, '.folly,-. ■ and -. bad.faith J cannot but t-v;';};-"produce:..their, natural -results,' -.froin;.which ! v . ; i:":^.'-.women'./themselves jmustobe'-thG' chief'-suf- , I';:'-'-.:''■?. ' fererD.--"Thb' Times";. bi:the' Suffragettes. <-'' k->¥;-)';V'"T^e.Vcjaim^^ c:/; I :^::selves ,and.their./funds(;abpye/ithe;-'law:; i« ff::.:.:'//intolerable.' -.Yet-'a:subservient/Parliament. ';■/.. has granted it so far as concerns their power '"to- riiin.: third without; redress , during i;;..: : V the progress of a-trade,dispute.—-"Shoe/and fc>-/-// Leather -.:;, . : :.,/:,i,\.'r, s :> f '■; '':" ' Therb are 'men. lead forlorn". hbp« -":"::; ..without-,a::nuahti^:but^yet^shirk;.being :thp ■'?~C;*'■:'■' first to speak : wKen'general'cpnyersation has SV '/::./ suddenly, stopped.— ■;.;-. .'r ' ;■: :.:":■ : .Anything;more futilo and foolish.than-:pro-i','-.: i. :,:'phesifing-about t-heTuture/VVoman^cannot;be I'/ ■,-',.":/ : ' imagined.'. ,Woirian;is'-the.p'aradox.of-creation; i-/ 1 ?; ..'-always jpt ever.varying.—"Court' i'V/V-A/.JournaL'V:- =;;.:; v--A ..-;:' '■:- ■':-}''.'■;;'' '-.;".'■'.'