PUBLIC TRUST PROGRESS.
REMISSION OF FEES. CHRISTCHURCH, Oct.'S. The Premier this morning announced in connection with the Public Trust Office, that from January 1 next, there would he an increase of a quarter per cent, in the rate of interest on moneys invested in the Common Fund of the office. The next most important change is a reduction in the commission charged on the administration of estates of a value of under £IOOO sterling. It is intended to substitute a fixed rate of 2£ per cent., thus making a uniform charge in all cases except the collection of book debts. Thirdly, for the administration of estates of considerable value there will be a reduction of 5s per cent, after a value of £25,000 has been reached. It is proposed to apply the policy of reduction of fees to persons other than beneficiaries in estates. The first class to he benefited under the extended policy will he Office mortgagors In respect of the cost of raising loans from the Public Trustee.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/SNEWS19251009.2.29
Bibliographic details
Ngā taipitopito pukapuka
Shannon News, 9 October 1925, Page 4
Word count
Tapeke kupu
170PUBLIC TRUST PROGRESS. Shannon News, 9 October 1925, Page 4
Using this item
Te whakamahi i tēnei tūemi
Copyright undetermined – untraced rights owner. For advice on reproduction of material from this newspaper, please refer to the Copyright guide.
Log in