SPECIAL INVESTMENT OP ESTATE FUNDS. TATHEN the Public Trustee is * * directed by a will or trust instrument to invest the moneys of any estate or trust outside the Common Fund, he takes every oare to secure the best available safe investment. Although the State guarantee does not apply to such investments, the Public Trustee exercises all the care that a private trustee would exercise, And is liable for loss to the same extent as a private trustee. Until a suitable investment is found, a Common Fund mortgage is allocated from the Ist of the month following the receipt of the funds, and the interest therefrom is credited to the estate. The Public Trustee has special facilities for the investment of funds in mortgage or local body debentures. Where funds are specially invested by the Public Trustee exactly the same rate of interest is obtained by the beneficiaries as would be obtained by a private trustee in similar circumstances. For information apply to THE PUBLIC TRUSTEE, Wellington. THE NATIONAL BANK OF NEW ZEALAND, LIMITED. CAPITAL AUTHORISED ... .£6,000,000 CAPITAL SUBSCRIBED .£4,500,000 CAPITAL PAID-UP .£1,500,000 RESERVE FUND £1,470,000 'AN INTERIM DIVIDEND for the half-year ended September 30th last, at the rate of Twelve (12) per cent, per annum, has been declared by the Dirctora, and will be paid to Shareholders in the Dominion \on the 3rd January, 1925. The Transfer Books will be closed from December 20th, 1924, to January 3Td, 1025, both days inclusive. ALFRED JOLLY, General Manager. Wellington, December 20th. 1924.
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Bibliographic details
New Zealand Times, Volume LI, Issue 12022, 27 December 1924, Page 4
Word Count
250Page 4 Advertisements Column 3 New Zealand Times, Volume LI, Issue 12022, 27 December 1924, Page 4
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