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New Zealand Times, Volume XXXI, Issue 4808, 19 August 1876, Page 2

The following are the main provisions of the Public Trust Office Bill, introduced : in the Leglislative Council by the Horn Dr. Pollen, at the instance of the Public Trustee. By the 3rd clause trustees may place estates in Public Trust office with the consent of a Judge of the Supremo Court and of the Board. The following clauses provided—Executors or adminia-

trators may place estates in the Public Trust office, the provision to extend to lands passing under the operation of the Real Estate Descent Act. A Judge may at any time grant an immediate order to the Public Trustee to administer an estate. The residue of an estate not exceeding £SO may be paid to widow when the children are under fifteen years of age ; and when the residue of an estate exceeds £SO the Trustee may, under an order of a Judge, pay such sum or sums from time to time as the 'Judge may think fit for the maintenance, education, &c, of such children. The Trustee may, with the consent of the Board, make advances for payment of the necessary cost of administration. _ He may also take possession of and administer land of an absentee proprietor. The Trustee may, with the consent of the Board, lease land for limited periods, may acquire lands the purchase of which would improve estates, and may raise money for the improvement of property. But no Buch money shall be raised except upon an order made by the Court or a Judge thereof, which order shall specify the amount, the security, and the purpose to which the money is to be applied ; the Trustee to have power to execute mortgages to secure such loans. The fourteenth and last clause directs that the Public Trustee may be registered, under the Land Transfer Act, as proprietor of land, and prescribes the mode of so doing.