THE Public Trust Office of New Zealand is a Government institution to afford, at low rates Of commission, a .ccurc and convenient recourse for tliose »•))•>, desirous of forming trusts in tbo colony, cannot satisfactorily appoint private trustees or executors, and for persons unable or unv.illint; to undertake or continue tbe adoiinisti ation of tbo trusts aoI cojited by or imposed upon tbem. The Public Trust Office, constituted by "Tbo l'ublic Trust Oilice Act, 187_," baa been since uiucb enlarged in its functions by amending Acts, to meet growing requirements. Tbo Amendment Act of 1891 facilitates administration, autborisea prompt distribution, provides absolute security against loss to estates from investments at tbe discretion of tbo l'ublic Trusteo, aud insures tbo regular payment of tbo interest. Tbe Security and Fidelity of the Public Trustee's administration must bo considered of the utmost importance to ovory poison contemplating tbe appointment of a trusteo. Tbo colony guaranties the fidelity ol tbe administration, and Guarantees aISO the Integrity of the Capital Funds invested at the option of tbo l'ublic Trustoe. Tbo Colony Guarantees also, on the capital fuuds arising for investment out of tha pioperties placed in tbe Public Trust Ofiico, ft common rate of interest, to bo paid quarterly, Free of all charges of the Public Trust Office. Tlio value of tliis gnarantoe is in the Guarantee of the Colony against loss from investments in bad or Insullicieut securities, and agaiust loss from delay in investment, and for tbe regular and punctual payment of tbo interest, free of all charges of the l'ublic Trust Ofnce. In tbe appointment of Trustees tbero" must always be SeriOUS concern as to the security of the capital funds; aud the larger the capital funds tlio greater must be tbo concern for security, and tbe less for a tiif.li rato of interest. Tbo Public Trustee cannot dio, cannot loavo tlio colony, cannot become disijuulitiod, or involved in private difficulties; and cannot be distrusted. In private trusteeships, death aud absence render necessary numerous and oxpousi»« deeds not, required by l'ublic Trustee's administration, wbich lias, besides, tho o(Q», solicitor's advice without expense to tb« estates. Hy all who lun.w or have cxporieuC-_ tbo contingencies of privato trusteeships the— advuntuges must bo appreciated. For further information apply to the Agent* of or to The Public Trustee, _r_4lington. \\; ANTED KNOWN —"Just re- » » ceived at Star Office, a beautiful assortment of German liall Programmes, Prize Cards. &c.
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Bibliographic details
Feilding Star, Volume XV, Issue 205, 3 January 1894, Page 1
Word Count
401Page 1 Advertisements Column 5 Feilding Star, Volume XV, Issue 205, 3 January 1894, Page 1
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