PUBLIC TRUST OFFICE NEW REGULATIONS.
In this week's Gazette are published regulations under the Public Trust Office Act, which was considerably amended by the Act of lalst session. The rate of interest on moneys not held at call is 4£ per cent, on the first 6000, and 4^ per cent, on the excess. As to commission chargeable, it has hitherto been 5 per cent, up to £2000, and 2£ per cent, on income in excess of that amount. Under the new regulations the charge is 5 per cent, on incomes up to £1000, and 2i per cent, on incomes in excess of £1000. Other regulations deal with the investigation and audit, of private trust accounts and the keeping of a complaint book, which has to be laid before the office board at each meeting. '
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Evening Post, Volume LXXXVII, Issue 73, 27 March 1914, Page 2
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134PUBLIC TRUST OFFICE NEW REGULATIONS. Evening Post, Volume LXXXVII, Issue 73, 27 March 1914, Page 2
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