A TWOPENNY TRUST

Waipa Post, Volume 48, Issue 3480, 16 June 1934, Page 6

A TWOPENNY TRUST

FORTY-YEAR-OLD ACCOUNT. Somewhere among the New South Wales Treasury’s Dormant Funds Account is twopence. It is no ordinary twopence, such as one might use on a postage stamp or a telephone call. It is twopence which in its time has had a trust account all to itself! The twopence, says the Sydney Telegraph, is Martin Quinlan’s twopence. To the younger generation this Would convey nothing, for Martin Quinlan has been dead for over 40 years, but his twopence has lived on. It is the residue of Mr Quinlan’s estate, and strictly speaking, it should have been paid w a beneficiary when Dr Quinlan died, but a Probate official made a mistake and paid the beneficiary twopence short. If the amount had been a mere half-penny the official might have forgotten about it, but twopence was a different matter. He opened a special trust account and paid in the twopence. For 40 years the account was carried on and shown in the department’s balance, until now the Treasury has taken over this account and placed it with other unclaimed money. If there are any of Quinlan’s descendants who are thinking of making a claim they might be interested to know that it would cost them at least 6s to obtain the twopence. Thus it looks as though Mr Quinlan’s twopence has come to the Treasury to stay.