A new scale of commissions to be charged by the Public Trustees is gazetted. Am onbsf other things it is provided that the following shall be the charges : —(a) Upon the gross capital or corpus of any estate realised by the Public Trustees, and upon all moneys received under the Lunatics Act, 1882, and its amendments—on any sum up to 5 per cent, on the next .£3OOO, 3 per cent; on the next .£6,000 2 per cent; on all over £ 10,000 1| percent. (b) Upon the gross income of any estate realised or unrealised, 5 per cent. Provided that with respect to meneys received by the Public Trustee, consisting of cash or of balances to credit of any current accounts in any institution, or with respect to any fixed deposits in any institution, or with respect to moneys received under anv policy of life or acciden t assurance, there shall be charged only a percentage of one half the amount fixed under clause (a.) (f.) Upon unrealisad real or- personal property (not being money) transferred or delivered in specie to any person entitled thereto, being a devisee, legatee, next-of-kin, cestui que trust, beneficiary, or other person of a like character, but not including a person entitled as principal under any power of attorney or agency, npon the value of such property as fixed by the Public Trustee, —Up to but not exceeding .£IOOO, £2% per cent; on the next .£3OOO, £2 per cent; on the next .£6,000, per cent; on all over .£IO,OOO, 10s per cent, (i.) For the I Public Trustee’s consent to or execution of any assignmeht or disposition of any leasehold not being an assignment consequent upon a sale by the Public Trustee. *** Subscription to MOTUEKA STAR Three Shillings and Sixpence a Quarter, which may begin anv time
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Bibliographic details
Motueka Star, Volume II, Issue 95, 11 July 1902, Page 3
Word Count
301Untitled Motueka Star, Volume II, Issue 95, 11 July 1902, Page 3
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