Rise In Trust Money Interest
(N.Z. Press Association) WELLINGTON, Dec. 13. Interest on trust money in the common fund of the Public Trust Office is to be increased from 4J per cent, to 4% per cent. The new rate applies from January 1. The increase follows increased earnings by the common fund, said the Minister in charge of Public Trust Office (Mr Rae) today. The last increase in interest was frdm 4 per cent, to 4% per cent on June 1, 1961.
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Bibliographic details
Press, Volume CI, Issue 30005, 14 December 1962, Page 12
Word Count
82Rise In Trust Money Interest Press, Volume CI, Issue 30005, 14 December 1962, Page 12
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