THE Public Trust Office of New Zealand is a Government institution to nlloid, at low rates Of commission, a secure and convenient recourse for those wlio, desirous of torminy trusts iv tho colony, cannot satisfactorily upiioint privuto trusties or executors, n:id lor persons unable or unwilling to undertake or continue the administration of tho trusts uocuiited uy or impose 1 upon them. The Public Trust Office, constituted by "Tho l'ublio Trust Otiiee Act, 1K72," lms been since much enlarged in its lunctious by amending Acts, to ujoet growing rccjuirnnients. The Amendment Act of 1891 facilitates administration, authorises prompt distribution, provides absolute security against loss to estates from investments at tho discretion of tho Public Trustoo, aud insures the regular payment of tho interest. The Security and Fidelity of the Public Trustoe's administration must bo considered of tho utmost iinportauco to every person contoinplatiug the appointment of a trustee. Tho colony guarantees the fidelity of the administration, imd Guarantees also the Integrity of the Capital Funds invested at tho option of tho Public Trustoo. The Colony Guarantees also, on the capital funds arising for investment out of tho properties placed iv tho Public Trust Office, ft common rate of interest, to bo paid quarterly, Free of all charges of the Public Trust Office. The value of Miia puarantoo is in trae Guarantee of the Colony against loss from investments in bad or insufficient securities, and against loss from delay in investment, and for the regular and punctual payment of tho interest, freo of all charges of th« Public Trust Office. In the appointment of Trustees thoro must always be Serious concern as to th« security of th« capital funds ; and the larger tho capital funds the greater must be tho concern for Becurity, and tho loss for a liigh rate of interest. Tho Public Trustee cannot die, cannot leave the colony, cannot become disfiunliucd, or involved in private diflicultie«l and cannot be distrusted, In private trusteeships, doath and absenoe render necessary numoi-ous and expensiy* doeda not required by Public Trustoc's administration, which has, bosldoa, the offie* solicitor's advice without expense to tbe efittitoa. Uy all who know orhavo experienced the contingencies of private trusteeships theM advantages must be appreciated. For further information apply to the Agents of or to The Public Trustee, W«£Einoeoß. WANTED KNOWN— Just received at Staji Office, a beauiful assortment of German liall 'rogramnies, Prizo Cards. &c,
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Bibliographic details
Feilding Star, Volume XV, Issue 223, 26 January 1894, Page 1
Word Count
399Page 1 Advertisements Column 5 Feilding Star, Volume XV, Issue 223, 26 January 1894, Page 1
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