Tn his report to Parliament the Public Trustee sots out an important innovation in the Public Trust Office, which will be of considornblc interest to local bodies desiring to borrow money from the Public Trust Office. In order to save the local bodies expense, whenever n local body applies to the Public Trust. Office for a loan under the Local Bodies Act, the solicitor to (he Public Trust Office will direct and supervise all the proceeding* mid draft all resolutions, debentures, coupons, sinking fund deeds and other dnouniolils rcrinired, and will instruct as i<) tho carrying out of the loan and finally coTlii'v when i>ll (he proceedings mv niniplcled. The fee for this will bu 2<. (id. upr .Einn on the amount of tin: loan, and Ihc local body will (liiis be in a position to know from the oiit'et ivluit tilt* cost of raising it will be, the only other expense im addition to this being tho cost <vf oriutiant
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https://paperspast.natlib.govt.nz/newspapers/DOM19120910.2.30.3
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Dominion, Volume 5, Issue 1541, 10 September 1912, Page 6
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161Page 6 Advertisements Column 3 Dominion, Volume 5, Issue 1541, 10 September 1912, Page 6
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