THE Public Trust Office off New Zealand i* a Government institution to aUoid, at low rates Of Commission, a Reime ami conwniuut recourse for those who, desirous of tanning U lists in tho colony, cannot Mitisfiirtorily uppoint private trusiocs or eiwutors, a:i<l lor lUTsons uuiiblc or unwilling to ninlortako or Lontiinio tho luliuinisti-ntioii of tho trusts aoct'iited by or imnoseil ujion them. The Public Trust Office, constated by "The Tuljlic Trust Ollico Act, 1&72," has been since much enlarged in its functions hy aiuuiuliug Acts, to uieot growing vi'QUircmeutß. Tho Amendment Act o,f 1891 facUittitos administration, authorises prompt distribution, provides absolute security against loss to estates from investment* at tho discretion of tlie l'ublic 'trustee, and insures tho regular payment of tbo interest. The Security and Fidelity of the Pub. I lie Trustee's administration must bo con- | sidoi-cd of tUo utmost importanco to every person contemplating the appointment oj a trustee. Tho colony ijuarantrw t^efiilclity of tuv' administration, and Guarantees ais.« tha Integrity of the Capital Fun<l» iuyested at tlio option of the I'nblic Trustee. The Colony Guarantees also, on the capital tuiuis arising for investment out of the properties placed in tho Public Trust Office, m oouimou rate of interest, to bu paid quarterly, Free of all charges of the Public Trust Office. The value of this guarantee is in the Guarantee of the Colony against loss from investments iv bad or Insufficient securities, and against loss from ilolay in Investment, and for the regular and punctual payment of tho interest, free of all charges of tha Public Trust Office. Iv the appointment of Trustees there' must always be SOrioUS concern as to the security of th« capital funds; and the larger the capital funds tho greater must be the concern for security, and the less for a high rate of interest, Tho Public Trustee cannot die, ciinnot leave the colony, cannot bocoine diaqnalined, or involved in private difficulties; and cannot be distrusted. In private trusteeships, death and absous9 vender necessary numerous and expojisiui deeds not required by I'ublic Trustee's administration, which has, besldeß, tho ofBM solicitor's advice without expense to tb« estates. I?y all who know ov havo experienced tho contingencies of private trusteoships thoee advantages must be appreciated. For further information apply to the Agenle of or to The Public Trustee, w«ilington. VV'A.NTED KNOWN"— Ji\ s fc *cV T csivocl f\t Stau Office, a beautiful assortment of German liall Programmes, Prize Card*, &<>■
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Bibliographic details
Feilding Star, Volume XV, Issue 210, 10 January 1894, Page 1
Word Count
405Page 1 Advertisements Column 5 Feilding Star, Volume XV, Issue 210, 10 January 1894, Page 1
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