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The Pamphlet Collection of Sir Robert Stout: Volume 78

The Public Trust Office Of New Zealand

page vi

The Public Trust Office Of New Zealand.

coat of arms

The Public Trust Office of New Zealand is a Government Institution. It discharges all the duties that may by Will or Deed be imposed on a private executor, trustee, attorney, or agent.

It Now Administers properties of the value of Three Millions Sterling.

One Great Advantage offered by the Office is Absolute Security Against Loss, as the State guarantees all its acts.

There is no Loss of Interest through delays in investment, for where the Will or Deed does not prohibit it, moneys fall into Common Fund, and are Credited with Interest compounded yearly. The present rates are 4½ per cent. On sums up to £3000, and 4 per cent. on the sum in excess of £3000.

The Office is intended to be merely Self-Supporting. The commission is low, and has lately been much reduced.

Wills are made and advice given Free of Cost where the Public Trustee is named Executor and Trustee.