APPLICATION OF SALE MONEYS
The Public Trustee shall invest all moreys received from the sale of the said reserve, in the common, 'und of ■the Public Trust Office, and shall pay the income thereof to th&' same person's, in the same manner, and in :the •same shares as in .ihe case of rents from the- said reserve prior to the sale.
The Public Trustee may apply any portion 'of the moneys received for the sale of the said reserve, in purchasing lands in any part of New Zealand, to 'be held in his 'own name for the use. of, or occupation of any of 'the beneficial owners of the said reserve.
All land s purchased under the last preceding section, shall be subject to the same trusts and conditions zs those, .subject to which .'.he said reserve is held by the Public Trustee at the dale of the passing of this Act.
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https://paperspast.natlib.govt.nz/newspapers/GRA19101123.2.44
Bibliographic details
Grey River Argus, 23 November 1910, Page 6
Word Count
152APPLICATION OF SALE MONEYS Grey River Argus, 23 November 1910, Page 6
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