ADVANTAGES OF THE COMMON FUND. Moneys in the hands of the Public Trustee form part of the common fund of the Public Trust Office, unless by the terms of the 'will or trust instrument they are directed to be specially invested. Investment in the Common Fund has many advantages. The payment of interest is uniform and regular; there is no loss of interest through funds having to remain idle pending the selection of an investment; funds are available at short notice when they become payable; the delay which would result if the realisation of special investments had to be awaited is avoided. The highest rate of interest consistent with absolute safety is allowed, and the interest is payable anywhere in New Zea- , land free of charge. Interest runs from the first of the month following the receipt of the first capital moneys. Finally, the security of all capital moneys in the Common Fund and all income payable thereon is guaranteed by the State. For information apply to C. FREYBERG, DISTRICT PUBLIC TRUSTEE. HAWERA.
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https://paperspast.natlib.govt.nz/newspapers/HAWST19241201.2.21.3
Bibliographic details
Hawera Star, Volume XLVIII, 1 December 1924, Page 4
Word Count
173Page 4 Advertisements Column 3 Hawera Star, Volume XLVIII, 1 December 1924, Page 4
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