THE Public Trust Office of New Zealand i» a Government institution to alTord, at lOW rates Of Commission, v secure ond convenient recourse for those who, desirous of loriiiiny trusts in tho colony, ciuuiut satisfactorily appoint private trustees or oxeutitois, and for l>or.woi!s unable or uuwilliny to tuulurtiiko or I continue the administration of the trusts accepted by or iiuposed upon tlitui. The Public Trust Office, constituted l>y "Tho Public Trust Otlico Act, IKT2," has been since much enlarged in its functions by amending Actn, to meet growiii)-: requirements. Tho Amendment Act of 1891 facilitates administration, authorises prompt distribution, provides absolute security against loss tp estates from investments at tho discretion of tho I'ublic Trustee, and insures the regular payment of tho interest. The Security and Fidelity of the Pub. lie Trustoe's administration must bo considered of tho utmost importance to every person contemplating tho appointment of a trustee. Tho colony yttaranteis the fidelity of tho administration, aud Guarantees also the Integrity'of the Capital Funds invested at tho option of tho Public Trustee. Tho Colony Guarantees also, on the capital fluids arisiing for investment out of the properties placed in the Public Trust Office, ft common rate of interest, to be paid quarterly, Free of all charges of the Public Trust Office. The value of this giiarAiitee is In the Guarantee of the Colony against Jobs from investments in bad or Insufficient securities, and against loss from delay in investment, and for the regular and punctual payment of the interest, free of all charges of tho Public I'rusl Office. In tho appointment or Trustees thero must always be SeriOUS concern as to the security of the capital funds; and tho larger the capital funds the greater must be the concern for security, and the less for a high rate of interest. Tho Public Trustee cannot dio, cannot leave tho colony, cannot become aia(jualitted, or involved in private difficulties ; and cannot be distrusted. In private trustoeships, doath and absenoe render necessary numerous and expensiT* doods not required by Public Trustee's administration, which has, besidos, tho offl«» solicitor's advice without expense to the estates. ]!y all who know or havo experieno«4 tho contingencies of private trusteeships theM advantages must be appreciated. l-'or further information apply to the Agent* of or to The Public Trustee, ff«V liwgton. YJT A N TED KNOWN — Just roV V ccived al Stau Office, v beautiful assortment of Gemma liall Programmes, Prize Card. 1 ?, &v.
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Bibliographic details
Feilding Star, Volume XV, Issue 209, 8 January 1894, Page 1
Word Count
407Page 1 Advertisements Column 5 Feilding Star, Volume XV, Issue 209, 8 January 1894, Page 1
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