GAZETTE NOTICES.
("Per Press Association. J WELLINGTON, Sept. 10. An Order-in-Council, published to-night, gives regulations reducing the rate of interest on the common fund of the Public Trust Office. The chief regulations are : — (1) Where moneys arising from one estate or trust do hot exceed ,£3OOO, £4 per centum per annum ; (2) where moneys arising from one estate or trust are in excess of .£3OOO, .£4 per centum per annum on the first .£3OOO, and £3 10s per centum per annum on any amount in excess of .£3000 ; (3) as to the estates of lunatics, the rate of interest shall only be .£3 10s per centum for sums of .£SO and upwards ; (4) as to the estates of intestates, £3 per centum for all sums of .£SO and upwards, except where minors are entitled, in which case such minors shall be entitled to £4 per centum -per annum on all sums of .£2O and upwards, and as to moneys received by the Public Trustee, or paid into the Public Trustee's account, or into the Public Trust Office, under the provisions of the Maori Eeal Estate Management Act, 1888, and' its amendments, £3 per centum per annum for sums of .£oo and upwards; and as to moneys received by the Public Trustee, or paid into the Public Trustee's account, or into the Public Trust Office, under the provisions of the following statutes, which are part of the common fund for all sums of ,£SO and upwards — namely, the Defence Act, 1886; the Police Force Act, 1886; the Eating Act, 1882 ; the Public Works Act, 1876 ; the Public Works Act, 1882 ; the Native Land Laws Amendment Act, 1883 ; the Native Land Act Amendment Act, 1878 (No. 2); the Native Land Laws Amendment .Act, 1895 ; the Shipping and Seamen's Act, 1877, and all Acts passed in amendment thereof, or substitution therefor, the rate of interest shall be 10 per centum per annum. The regulations will come into force on Oct. 1. Members of Courts of Arbitration and Boards of Conciliation are to be allowed the following expenses: — President Arbitration Court, every day absent from home attending sittings of the Court, .£1 10s per day ; chairman and members of the Board of Conciliation, £1 Is per day; cost of fare by steamer or rail in addition to above. Mr T. O. Croft, of Hokitika, has resigned from the commission of the peace. Mr A. P. Seymour has been re-appointed a member of the Marlborough Land Board, and Mr John Duncan has been re-appointed a member of the Otage Land Board. The Gazette announces that the. Government will be prepared to purchase fifty | thousand tons of iron of good quality for j railway and bridge construction, at the ! rate of about four thousand five hundred tons a year, including steel rails, if manufactured in the colony. Certain conditions are set out.
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Bibliographic details
Star (Christchurch), Issue 5667, 11 September 1896, Page 4
Word Count
476GAZETTE NOTICES. Star (Christchurch), Issue 5667, 11 September 1896, Page 4
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