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ASSETS OF WHOLE ESTATE

1. \ FrcehoklProporties:— ■ • (a) Licensed premises .. 39,980 '(b) Shop properties.in Wei-' lington City .'... 82,440 (c) Other business and resi- ■■■■■■> dential properties in Wellington City ..... 86,765 ' (d) Properties situated outside Wellington City 15,892 2. Shares in Companies* registered in New Zealand .. 145,136 3. Debentures 12,980 4. Mortgages on security of freehold property 32,323 -£415,516 (Only one-half of the income of the residuary estate is distributed to char tty-)'.. . ■'.■• The said assets are unencumbered except to the Public Trust Office as security for amounts advanced by the Public Trustee in respect of financial assistance afforded to theestate. Under tho terms of the. will the whole control and management of the estate is vested in-the Public Trustee, the only duty of the advisory commit tot and of the board of governors being to meet annually-" and sanction , the grants niade to institutions out of that portion of the income which is devoted to charitable and educational purposes. ■•'■-..,

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/EP19280716.2.132

Bibliographic details

Evening Post, Volume CVI, Issue 12, 16 July 1928, Page 10

Word Count
157

ASSETS OF WHOLE ESTATE Evening Post, Volume CVI, Issue 12, 16 July 1928, Page 10

ASSETS OF WHOLE ESTATE Evening Post, Volume CVI, Issue 12, 16 July 1928, Page 10

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