t , ... Mm— MM — !_■ I II I ■ I ■ —I "THE Public Trust Office of New Zealand is a Uovermnont institution to afford, at low ratOS Of Commission, a 6ocure and convenient recourses for those wlm, desirous of forming trusts iv tlio colony, cannot tsatisfactorily appoint private trustees or executors, and for persons uuublo or unwilling to undertake or continue tho administration of the trusts aocepted by or imposed upon them. The Public Trust Office, constituted by "The I'ublic Trust OUice Act, 1872," has been since much enlarged in its functions by a mending Acts, to uioet growing requiremontß. The Amendment Act of 1891 facilitates administration, authorise* prompt distribution, provides absolute security against loss to estates from investments at the discretion of the I'ublic Trustee, ana insures the regular payment of tho interest. Tho Security and Fidelity of the Pub. lie Trustee's administration must bo considered of tho utmost importance to every person contemplating the appointment of a trustee. Tho colony guarantees the fidelity of the administration, and Guarantees aISO the Integrity of the Capital Funds invested at tho option of the Public Trustee. The Colony Cuarantees also, on the capital fuuds arising for invostmout out of Hie pi-oportios placed in tho Public Trust Office, ft common rote of interest, to bo paid quarterly, Free of all charges of the Public Trust Office. The valuo of this guarantee is in the Guarantee of the Colony against loss from investments in bad or Insufficient securities, and against loss from delay in mveiitmeut, and for tho regular and punctual payment of the interest, free of all charges of the Public Trust Office. Iv the appointment of Trusteos there must always be sen O US concern as to the security of the capital funds ; and the larger the capital fuiicis the greater mut-t be the concern for security, and the less for a high rate of interest. " The Public Trustee cannot die, cannot leave tho colony, cannot become disqualified, or involved in privato difliculties; and cannot be distrusted. In privato trusteeships, death and absenoe render necessary numerous and exponsiTe doods not required by I'ublic Trustee's administration, which lins, besides, tho otu«« solicitor's advice without expenso to th« estates. By all who know or have experience* the contingencies of private trusteeships tn«M advantages must bo appreciated. For further information apply to the Agents of or to The Public Trustee, Wellington. \»' ANTED KNOWN — Just re- » V ceived at Stau Office, a beautiful assortment of German Ball Programmes, Prize Cards, &c.
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Bibliographic details
Feilding Star, Volume XV, Issue 207, 5 January 1894, Page 1
Word Count
413Page 1 Advertisements Column 5 Feilding Star, Volume XV, Issue 207, 5 January 1894, Page 1
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