THE GAZETTE.

Tuapeka Times, Volume XXVIII, Issue 4378, 16 September 1896, Page 6

THE GAZETTE.

WELLINGTON, September 10. An Order-in-Council published to-night gives the 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 not exceed £3,000, £4 per cent, per annum ; (2) where moneys arising from one estate or trust are in excess of £3,000, £4 per cent, per annum on the first £3,000, and £3 10s per cent, per annum on any amount in excess of £3,000 ; (3) as to the estates of lunatics, the rate of interest shall only be £3 109 per cent, for sums of £50 and upwards. As to the estates of intestates, £3 per cent, for all sums of £50 and upwards, except where minors are entitled, in which case minors shall be entitled to £4 per cent, per annum on all sums of £20 and upwards. 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 Real Estate Management Act, 1888, and its amendments, £3 per cent, per annum for sums of £50 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 £50 and upwards— viz.,- the Defence Act, 1886, the Police Force Act, 1886, the Banking Act, 1882, the Public Works Act, 1876, the Public Works Act, 1882,. the Native Land Laws Amendment Act, 1883, the Native Land Act Amendment, 1878. the Native Land Laws Amendment Act, 1895, the Shipping and Seamen's Act, 1878, and all Acts passed in amendment thereof or in substitution therefor, the rate of interest shall be 10 (sic) per cent, per annum. The regulations oome into foroe on October 1,

Members of the Court of' Arbitration. and Board* of Conciliation are to be allowed the following expenses : — President of theArbitration. Conrt, e\ery 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 and cost of fare by steamer, and rail in addition to the above.

Mr John Duncan has. been appointed a member of the Otago Land Board. ,