"g*SiiE Pubiic grttsft Ctiieo of Mew Zealand is a. <jov«riiuiciu ; in-i:t\;i;..M to uiioi-.i, at low rates of , commission, a w -are cud funviiieiit H'ci inso loi Uiii o v.-li.i (Icsliuiis of tormina I irr.stb in tho i-i-luiiv, t-iii.u..t Mitisfiieiorilv iip- , ! pi.iiit i>ri\uto li-iiMci-!. <>i- t-xt.-1-iiloi-s, and lox 1 (uTMUih iiii'iHi! oi- unuiiliiii,' lo uiKli-itiiko or | continue the ii'lmiiii.-triKion of thu liusis ac-ci-j'lol !>y ur imposed uputi tlii-m. The Public Trust Office, constituted l.y "Tlio I'ulihc Trust Oliico Act, 187-3," has boon since much enlarged in its functious by iunoiulins Act*, to liiuct {/rowing requirements. : Tlio Amendment At-t of IWJI facilitates administration, authorises prompt (li.stribution, provides absolute security against loss to estates from investments ut the discretion of the l'ublic Trustee, and insures the regular payment of tho inturost. The Security and Fidelity of the rub. lie Tnistoo's administration must be con- , sideted of the utmost importance to overy liei-soii contemiilatinj,' tho appointment of a trustee. Tho colony ijwimntees tin: fidelity of tho administration, nnd Guarantees also the Integrity of the Capital Funds invested at tho option of tlio l'ublic Trustoe. Tim Colony Cuarantees also, on the capital funds iirising for investment out of the ' properties placod in tho l'ublic Trust Oflico, • common rate of interest, to bo paid quarterly, Free of all charges of the Public Trust Office. Tho value of this puaranteo ia in the Guarantee of the Colony against loss from investments in bad or Insufficient securities, and against loss from dolay m investment, and for the rtrnlar and punctual payment of tho interest, free of all charges of tha Public Trust Office. In the appointment of Trustees thero must always be SeriOUS concern as to th« security of th« capital funds; and the larger the capital funds tlio greater must be tho concern for ' security, and tho loss for a high rato of interest. Tho Public Trustee cannot die, r <arm. it loavo tho colony, cannot become Qißiiualiued. or involved in private difficulties; ' nnd cannot be distrusted. In private trusteeships, death and absence f r.-iidrr necessary lir.morous and expensive deeds not required by l'ublic Trusteo'B adI ministration, which has, besides, tho offl«« I solicitor's ndvico without expenso to th« estates. Ky all who know or have expevienowl the contingencies of private trustoobhlps tb«M > advantages must be appreciated. f For furthor information apply to tho Agents 3 of or to The Public Trustee, ftat> " YJT ANTED KNOWN"— Just ro- ? v v ceivctl fit Stau Office, a beau- ' tiful assortment oi Gorman 13n.1l Programmer, Priae CarJa, &o.
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Bibliographic details
Feilding Star, Volume XV, Issue 213, 13 January 1894, Page 1
Word Count
418Page 1 Advertisements Column 4 Feilding Star, Volume XV, Issue 213, 13 January 1894, Page 1
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