fHE Public Trust Office of New Zealand! is a Government institution to dfford, at low rates Of commission, a secure and convenient recourse for those who, desirous of forming trusts in the colony, cannot satisfactorily appoint private trustees or executors, and for persons unable or unwilling to undertake or continue the administration of the trusts accepted by or imposed upon them. The Public Trust Office, constituted by "The Public. Trust Office Act, 1872," has oecn since much enlarged in" lEOuuclidMa by amending Acts, to meet growing requirements, ahe Amendment Act of 1891 facilitates administration, authorises prompt distribution. provides absolute security against n?fh SP ©states from investments at the discretion of tho Public Trustee, and insures the regular payment of the interest. The Security and Fidelity of the Public Trustee's administration must be considered of the utmost importance to every person contemplating the appointment of a trustee. The colony guaran tees the fidelity of the administration, and Guarantees also the Integrity of the Capital Funds invested at the option of the Public Trustee. a?he .,9? lon y Guarantees also, on tho capital funds arising for investment out of tho properties placed in the Public Trust Office, a common rate of interest, to be paid nua-rtorly, Free of all charges of the Public Trust Office. The value of this guarnntoo is in the Guarantee of the Colony against loss from investments in bad or insufficient securities, and against loss from delay in investment, and for the regular and punctual pnyme , n , • of J he int evost, free of all charges of the Public Trust Office. In the appointment of Trustees there must always bo Serious concern as to the security of the capital funds ; and'the larger tho capital funds the greater must be the concern for security, and tho less for a high rate of interest. Tho Public Trustee cannot die, cannot leave the colony, cannot become disqualified, or involved in private difficulties ; and cannot be distrusted. In private trusteeships, death and abseneo render necessary numerous and expensivo deeds not required by Public Trustee's administration, which has, besides, the office solicitor's advice without expense -to the estates. By all who know or have experienced the contingencies of private trusteeships theso advantages must be appreciated. For further information apply to the Agents of or to The Public Trustee, Wellington. ~ J. G. BENTLEY, PAINTER, PAPERHANGER, -GLAZIER, GENERAL HOUSE DECORATOR. CLYDE STREET, BALCLUTHA PAINTERS' REQUISITES of all kinds in Stock. i PICTURES NEATLY FRAMED. Agent for the Universal Supply and Wertheiin Sewing Machine Depot, Dunedin. Cash or ,Time Payments same as Dunedin
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Bibliographic details
Clutha Leader, Volume XX, Issue 1034, 18 May 1894, Page 2
Word Count
427Page 2 Advertisements Column 6 Clutha Leader, Volume XX, Issue 1034, 18 May 1894, Page 2
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