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A Compendium of Official Documents Relative to Native Affairs in the South Island. Volume Two.

No. 25. — The Maori Funds Investment Act, 1865

page 363

No. 25.
The Maori Funds Investment Act, 1865.

"An Act for the Investment and Application of Moneys accruing to Maoris in certain cases."

[27th October, 1865.]

Analysis.

Title.
Preamble.
1.Short Title.
2.Interpretion.
3.Money coming to parties under disability may be paid to Trustees.
4.Powers of Trustees—
1.To pay costs.
2.To pay annuity, &c., to widow.
3.To distribute part of money to tribe.
4.To invest.
5.To purchase lands.
6.To hold property in trust for infants.
7.To apply money for maintenance &c., of infants.
8.Or for advancement.
9.To divide trust funds.
10.To execute deeds.
11.To reimburse themselves expenses.
12.To remunerate themselves.
13.To do anything else advantageous to trust estate.
5.Receipts of Trustees.
6.Appointment of new Trustees.
7.Receipts of Trustees.
8.Limitation of liability of Trustees.
9.Application to Supreme Court.