Page 13 Advertisements Column 2

Otago Witness, Issue 2285, 16 December 1897, Page 13

PUBLIC TRUST OFFICE. CAPITAL & INTEREST GUARANTEED BY THE STATE. The Office undertakes the following business :—: — 1. The Aministration of all Intestate Estates of which Letters of Administration have not been granted to the widow or other person entitled, the realisation and distribution of the personalty, the payment of the debts, and the care of the realty for the absent heir. 2. The Bxecutorship of the Wills of persons who may appoint the Public Trustee their executor, and thus avoid the necessity of committing their friends to the responsibilities involved by such a position. Also the Administration of Trusts renounced by previously-appointed Trustees. 3. The Administration of all kinds of Money Trusts, including Marriage Settlements and every kind of fund the trusts of which are definitely set forth in the deed creating the Trust. 4. The Administration of the Estates of Lunatics and Lunatic Patients. 5. The management of property as Attorney or Agent for the owner. 6. The Protection and Administration of all lands lying waste, of which the owner is unknown, or has been absent from the Colony for ten years without having left any known agent. 7. The Deposit of Wills for safe custody. 8. The Colony guarantees the integrity of the capital funds of properties placed in the Public Trust Office where there is no direction for the investment of such funds, or where there is no other direction for their investment than generally, tit the option of the Public Trustee, in the securities in which, unless expressly prohibited, he may invest all capital funds. 9. The Colony also guarantees on such capital funds for investment a common rate of interest, to be credited quarterly, free of all office charges, to the properties from which the funds arise. 10. The value of this guarantee will be obvious when it is considered that it is — (1.) The guarantee of the Colony against loss from investments in bad or insufficient securities. (2.) The guarantee of the Colony against loss from delay in the investment of moneys. (3.) The guarantee of the Colony that the interest determined by Order in Council shall be regularly and punctually paid, free of all charges of the Public Trust Office. 11. A person making a will or arranging a trust must always be seriously concerned as to the security of the capital funds ; and the larger the capital funds the greater will be the concern for security, and the less for a high rate of interest ; and it will be found that the charges for the administration of a property by the Public Trustee will, when the legal charges and commission allowed to executors and administrators in connection with private administrations are considered, cdmpare very favourably with the expense of an administration by any other means. / 12. In private trusteeships, death and absence render necessary numerous and expensive deeds not required by Public Trustee's administration, which has, besides the office solicitor's advice without expense to the estates. By all who know or who have experienced the contingencies of private trusteeships these advantages must be appreciated. 13. The Public Trust Office, although a department of the State, is absolutely free from political interference or control. 14. Large powers are conferred by statute on the Public Trustee, thus supplementing powers contained in wills for the benefit of the testator's family. 15. For particulars as to the Office and its work apply to any of the Office Agents, or to the undersigned, at the Government Insurance Buildings, Wellington. JAMES O. MARTIN, Public Trustee. AGENTS, Auckland... ... E. F. Warren, District Agent Nelson ... ... A. A. Scaife Ashburton ... Postmaster New Plymouth ... W.J.Shaw Blenheim... ... N. Kiely, Police Office " Oamaru ... .... E. A. Atkinson Christchurch . . J. J. M. Hamilton, District Opotiki ... ... Chas. O'Reilly, Police Office Agent Pahiatua... ... A. W. Briggs Clyde ... ... Postmaster Palmerston North.. Walter Rutherford Danevirke ... W.Rose Palmerston South... W. Hilliard, Police Office Dunedin... ... F. H. Morice, District Agent Patea .. ... Henry H. Car r, Police Office Gisborne ... ... Thomas Chrisp Queenstown ... W. Turton Greymouth ... T. D . Kendall, District Agent Reef ton ... ... W. J. Phair, Police Office Hawera ... ... C A. Budge Tauranga. ... .. Postmaster Hokitika... ... William Duncan Timaru ... ... A. Montgomery Invercargill ... R. F. Cuthbertson Waipawa... ... S.Johnson Kaikoura... ... Postmaster Wairoa ... ... W. F. Shaw Masterton ... W. B. ChenneHs Wanganui ... E. Barns Napier ... ... E. P. Watkis, District Agent Westport... ... A. D. Bayfield

FRIENDS FOR ADVICE, ;; - WOMEN FOR PITY. j; K9 l\C STRANGERS FOR CHARITY. \ \ RELATIONS FOR NOTHING. \\ TflE DRESDEN I PIANOS AND ORGANS from ; ; 20s Monthly. | *•«»*»**• The ORtSDEN PIMIO CO. 29 and 31 PRINCES STREET, IDTTIsriEIDTZsr. /. A. X. RIEDLE, Manager.