I'HE Public Trust Office off New Zealand w a Government institution to (ill'oid, at low rates Of commission, a stciiro and convenient lTiourso for those \vhi>, desirous of forming trusts in tlie colony, tun nut .satisfactorily uj)i)oint private, trustees or executors, and fot persona unable or unwilling to undertake or I continue the administration of the trusts aoceiited by or imi>osod ui>ou them. The Public Trust Office, constituted by "The I'ublic Trust Office Act, 1872," has bocn since much enlaryod in its functions by uuiendiua Acta, to meet, growing requirements. Tho Amendment Act of 1891 facilitates administration, authorises prompt distribution, provides absolute security against loss to estates from Investment* at the discretion of tho Public Trustee, and insures the regular payment of the interest. Tho Security and Fidelity of the Pub. lie Trusteed administration must bo considered of the utmost importauco to every person contemplating the appointment of a trustee. Tho colony yuaran tves (he fidelity of tho administration, and Guarantees aISO the integrity of the Capital Funds invosted at the option of the I'ublic Trustee. The Colony Guarantees also, on the capital funds arising for investment out of Uio properties placed in the Public Trust Oflics, » common rate of intorest, to bo paid quarterly, Free of all charges of the Public Trust Office. Tho valuo of thia Ruarantoo is in the Guarantee of the Colony against loss from investments iv baa or Insufficient securities, aud against loss from delay in mvestniout, and for tho regular and punctual payment of the intorest, fr<-e of all charges of th» Public Trust Office. In the appointment of Trustees there' must always be seriOUS concern as to the ••ourity of tn« capital funds ; find the largor tho capital funds tho greater must be tho concern for security, and the less for a high rate of mterost. The Public Trustee cannot die, cannot leave tho colony, cannot become aisqualified, or involved in private difficulties; and cannot be distrusted. In private trusteeships, death and absence yonder necessary uumorous and expensir* deods not roquired by l'ublic Trusteo'B &amiuititration, which has, besides, tho offi«e solicitor's advico without expense to tb« estates. By all who know or have expenenoe* the contingencies of private trusteeships these advantages must bo appreciated. For further information apply to the Agent* of or to The Public Trust**, •*#■ linaton. TJH ANTED KNOWN— Just re- » V ceived at Stak Office, a beautiful assortment of German Ball Programmes, Prize Cards.. &c.
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Bibliographic details
Feilding Star, Volume XV, Issue 224, 27 January 1894, Page 1
Word Count
405Page 1 Advertisements Column 5 Feilding Star, Volume XV, Issue 224, 27 January 1894, Page 1
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