COMPULSORY LOAN
OBLIGATION OF TRUSTEES TUnited Press Association] WELLINGTON, This Day. Amending regulations gazetted last night deal with the obligations of trustees to subscribe to the compulsory war loan, which is known as the New Zealand Government Loan, 1953It was officially explained that there was some doubt of the obligation of trustees whose beneficiaries are not absolutely entitled in possession. The regulations define the obligations of these trustees, and restrict their liability to the assets of the trust estate in the hands of the trustees. Another clause of the regulations sets out the dates when offences are committed under the main regulations. If an appeal has not been lodged then the offence is committed at the expiration of 21 days after the date of the original notice. If an appeal has been lodged the offence is committed at the expiration of 21 days after the appeal is definitely finalisedAn amending notice under the regulations is also issued confirming the position of trustees.
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Bibliographic details
Nelson Evening Mail, Volume LXXIII, 11 December 1940, Page 3
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162COMPULSORY LOAN Nelson Evening Mail, Volume LXXIII, 11 December 1940, Page 3
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