SAVING PRIVATE ESTATES
When Sir Julius Vogel, naif a century ago, persuaded Parliament. to pass the Public Trust Hill his action was not due to a pressure for “State Enterprise” in a general way. [t was not the wish of the statesmen here in the early seventies to look for a Government profit in a new undertaking. They decided to establish the Public Trust OfFue because they were firmly convinced by hard cold facts that such an institution was necessary for the safeguarding of private estates. As far hack as the year 1370, iS'r Julius Vogel referred to “innumerable cases” of minors whose inheritance had been largely wasted or utterly lost by the mistakes, the imwiVe. speculation or the peculation of trustees. The Public Trust Offuo came then as a sure means of enabling a testator to make the best possible provision for his dependants without fear of mishap.
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Hokitika Guardian, 17 February 1926, Page 2
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149SAVING PRIVATE ESTATES Hokitika Guardian, 17 February 1926, Page 2
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