Y^Z PufoKc Trust Office o? I3ew Zealand is a Government iustltutiou to affovd, fit low ratOS Of commission, a sccuvo an<l convenient recourse for those who, desirous of forming trusts in tbe colony, cannot satisfactorily appoint privato trustees or executors, aud tot persons uuablo or unwilling to undertake or continuo the ai.lunmstra.tiou of tho trusts accepted by or imposed upon them. Th© Public Trust Office, constituted by " Tile Public Trust Office Act, 1872," has been since much enlargod in its functions by amending Acts, to meet growiug requirements. The Amendment Act of 1891 facilitates administration, authorises prompt distribution, provides absolute security against loss tp estates from ' investment* at tho discretion of tho Public Trustoo, and insures tho regular payment of the interest. The Security and Fidelity of the Pub. lie Trustee'B administration must bo considered of the utmost importance to every person contemplating the appointment of a trustoc. Tho colony guarantees thefidelitu o< the administration, and Guarantees also the Integrity of the Capital Fund* investod at tho option of tho Public Trustoe. I The Colony Guarantees also, on the capital f^uds arising for investment out of the properties placed in tho Public Trust Office, ft common rato of interest, to be paid quarterly, Free of all charges of the Public Trust Office. The value of this guarantee is in the Cuarantee 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 iutorost, free of all charges of «7i» Public Trust Office. In the appointment of Trustees there must always bo serious concern as to th» security of th» capital funds; and tbe larger the capital funds the creator must be the concern for security, and tho less for. a high rate of interest. Tho Public Trustee cannot die, cannot loave the colony, cannot become disqualified, or involved in private difncultleß; and cannot be distrusted. In private trusteeships, death and abseno« render necessary numerous and expensiT« deeds not required by BubHc Trustee's administration, >vliich has, besides, the offlM solicitor's advice without expense to urn estates. By all who know or havo experience* the contingencies of private trusteeships tbeM advantages must be appreciated. For further information apply to the Agente of or to The Public Trusts*, W«l> linaton. JAMES HUGLI, WATCHMAKER and JEWRLIjER, PALMERSTON "NORTH, HAS in stock a choioe and varied assortment of POCKET, DESERT, - TABLE, and OAIWIiNG KNIVES. Also, a Great Selection of BKaUTIPUL HALL CLOCKS. Do not let the chance pass to Examine the Groods^ PREPARING FOITPRESS. S T O^N E ' S Wellington, Hawke's Bay, and Taranaki DIRECTORY — AND — NEW ZEALAND ANNUAL. FOURTH YEAR- 1894 5— OF PUBLICATION. TO contain about 800 pages of closely- printed and systemati-cally-arranged Directory, Stfttigt-ictvl and other Ma^ey. Bandsomely bound m ©loth and gilt-lettered. Price to .-übseribers, 10s od. STONE, SON, & CO., Dunedin. A. ATKINS, (Fellow Boyal Inst. British Architects) A.BSOC. Morab. Inst. Civil Engineers. ARCHITECT, WANGANUI. ME. ATKINS rnakos periodical visits throughout the District. Mr H. L. Sbenvili will arrange inter* views.
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Bibliographic details
Feilding Star, Volume XV, Issue 240, 15 February 1894, Page 1
Word Count
507Page 1 Advertisements Column 5 Feilding Star, Volume XV, Issue 240, 15 February 1894, Page 1
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