YHE Public Trust Office of New Zealand i» a cuivrnnnciu institution to iill'ynl, at low ratOS Of commission, u sccim; and convenient it-course for thoso who, rtrsirous of toruiiilg uusih in Uio colony, ciuniit Hiitisfin-torily njiI'oiut i>riv<itc tiu.-ri <•-. oi rxfi-iiioi--*, iiuil ior l>rrsuns untiMr or unwilling to u:i<lv» tivku or continue the ii'liiiiiiistruiiuti of the trusts acci'i'tctl by or imposed upon them. The Public Trust Office, conatitutod hy "Tho I'ulilio Tt u*C Oflici- Act, 1872," has bbeu since much enlarged in its functions by aiUL'nclint' Acts, to m.et growing l-cHjuirciueutß. Tlio Amendment Act of IH9I facilitates administration, aulliorisoe l>roi«l>t distribution, provides absolute security against ' loss to estates from investments at tho discretion of llic l'ublic Trustee, and insures the regular payment of tho interest. Tho Security and Fidelity of tho Pub. lie Trustee's administration must bo considered of tho utmost importance to every person contemplating the appointment of a trustee. Tho colony (/mi ran lees the fidelity ol tho administration, nnd CuarantOeS aISO the Integrity of the Capital Funds invested in tho option of tho l'ublic 'liustoe. The Colony Guarantees also, on the capital funds iirisinf,' for investment out of the properties placed in tho l'ublic Trust Ofhce, a common rate of interest, to bo paid quarterly, Free of all charges of the Public Trust Office. Tho valuo of this guarantee is in the Guarantee of the Colony against loss from investments in bad or insuflicient securities, and an>u»«t l<w-s frou) delay iu mvostmont.and for tho regular and punctual payment of tho interest, free of all charges of the public Trust Office. In the appointment ol Trustees tliero" must always be senOUS concern as to th« security of th« capital funds; «"d the larger the capital fiin'ls the greater " ll i st De tllu concern for security, uud the less for a high rato of iuter.wt. " Tho Public Trustee cannot die, ciMinot luiivo tho colony, cannot becomo uisiiualified. or involved in privato diflicultiea; and cannot be distrusted. j In private trusteeships, death and absence render necessary numerous and exponsiye deeds not required by Public Trustee's administration, which has, besides, tho offlM solicitor's ndvico without expense tp tb« ! estates. liy nil who know or have experienced the contingencies of private trtistecships tho«« advantages must bo appreciated. For furthor information apply to the Agonti O f or to The Public Trustee, Wssj lington. IT/ ANTE~D KNOWN — Just ret V ceived at Stau Office, a beautiful assortment ot German Ball Programmes, Prize Cards. &c,
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/FS18940116.2.2.5
Bibliographic details
Feilding Star, Volume XV, Issue 215, 16 January 1894, Page 1
Word Count
411Page 1 Advertisements Column 5 Feilding Star, Volume XV, Issue 215, 16 January 1894, Page 1
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.