PUBLIC TRUST BONUSES
,£82,000 IN THBEE YEAHS,
La-=t week's Gazette announced the distribution by the Public Trust Office of ,£30,000 among the clients of that important State Department, This distribution is tangible evidence ot tho manner in which the co-oporativo principle is being applied under tho Act of 1915 by the Public Trust Ofhce m respect to estates which are placed in tna hands of the Public Trustee for administration. Tho money so distributed consists of interest paid out of money earned bv tho cash portion of estates handled by the 'Office. It may not bp generally known that interest is paid on sueli moneys from the first of the month after tho Office secures control, and a 6 tome estates tako some months or even years .(recording the provisions made m wills) to administer an advantage is secured to clients over other methods of administration as cash in estates is, as a rule, banked (at call), and so earns no interest at all (except when banked for a 6 There are many cases oil record in the Pub ic Trust Office, where the interest naid on moneys in an estate has exceeded tho cost of administration— testimony to the efficacy of the system.adopted [by the Government through this Depait °n1917, and .£30,000 in 1918; altoßether. .iS'2,OOO.
' A first-class concert was Riven by the MSsalyaliqnArmr.sn«rßa n a^ Friday evening in the I.M.C.A. l' u ; .• iho Vwapuni military Camp. iho YM.C.A. secretary, Mr. E. Y®?? c '. " thoir character , 1 y Commandant, 1... J • f-hbitcs in fv fo icitous fipeccb, piopo* a voto of thanks to the making special reference to the good wek the Salvation Army is The visiting instrumentalists were » seqncntly entertained at supper 1 camp canteen beforo returiiint on . cold drive back to rending.
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Dominion, Volume 11, Issue 260, 22 July 1918, Page 4
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295PUBLIC TRUST BONUSES Dominion, Volume 11, Issue 260, 22 July 1918, Page 4
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