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The Pamphlet Collection of Sir Robert Stout: Volume 66

Public Trust Office

Public Trust Office.

A public institution, not less important in its bearing on the social welfare of the colony than the foregoing, is the Public Trust Office of New Zealand, which was established by Act in 1872. The object of this department is the administration of intestate estates, the executorship of wills, and the administration of trusts under settlements and deeds. The obvious advantage of this office is that the Public Trustee has uninterrupted control of the business entrusted to the department, thus avoiding the loss and delay involved in the transfer of trusts and the re-appointment of trustees. The Government of the colony is responsible for the honest fulfilment of the trusts, and all investments are under control of an official board, consisting of the Colonial Treasurer, Attorney-General, Controller and Auditor-General, and Public Trustee.

The popularity of this institution may be judged of from the following return of the cash receipts from all sources :—
1880. 1881. 1382. 1883. 1884. 1885.
£41,813 £68,262 £71,319 £90,119 £116,136 £195,000

(estimated)