Perpetual Trustee Company (Limited) Act (1888 No ptc) (NSW)

An Act to confer powers upon the “ Perpetual trû” Zany

Trustee Company (Limited).”	\2dtli June,
1888.]

T T rilE R E A S ill tliis Colony it is often difficult to procure proper Preamble.

persons to undertake the onerous and responsible duties of trustee, executor, or administrator. And whereas the deaths, resigna­ tions, and absence from the Colony of executors, trustees, and others filling similar offices arc often attended Avith great disadAmntage and loss to the estates ndtli the administration of AAdiich they arc entrusted. And whereas it is desirable for the purpose of obtaining regularity and security in the administi’ation of trust estates that permanent corporations should be empon^ered to fill the offices of trustee, executor, administrator, rcceAer, agent, and other like offices. And Avhereas a certain Company, styled the “ Perpetual Trustee Company (Limited),” has been registered under tbe Comjianies Act, Avith a capital of one million pounds divisible into one bundred thousand shares of ten pounds each, for the purpose of undertaking the duties of such offices as aforesaid for a commission. And Avhereas it is expedient that the necessary pouters should be conferred upon the said Company, herein­ after called the Company, in order to enable it to act as executor, administrator, administrator Avith the aauII annexed, trustee, receiver, committee of the estates of persons of unsound mind, and as agents, and to perform and discharge all the duties of such offices and to receive remuneration therefor, and to confer upon the Company all such privileges and poAvers as arc necessary or expedient for the purposes aforesaid. Be it therefore enacted by the Queen’s Most Excellent Majesty, by and Avith tbe advice and consent of the Legislative Council and Legislative Assembly of Ncav South Wales in Parliament assembled, and by tbe authority of tbe same, as folloAVS :—

V T

1. W’hencA’er ihe Company has been or shall be named as coinpany may act as

executor in the last Aidll and testament or in the codicil to the last

Avill and testament of any testator it shall be lawful for the Company ’

to

52'’ VIC. 1888.

Ferpetual Trustee Company {Limited).

to act as executor and to apply for and to obtain probate of the will of the testator and to perform and to discharge all other the acts and duties of an executor as fully and effectually as any other executor.

Person entitled to 2. I t shall he lawful for any person or persons entitled to obtain

obtain letters of	administration withletters of administration with the will of any testator annexed of the
the will annexed may cstato of sucli tcstator, to autliorlze tliG Company to apply for and to to do"o.*̂ Company Icttci’s of administration with the Avill annexed, which may ho

granted to the Company npon its own application when so authorized.

Persons entitled to	3.	I t shall he lawful for any person or persons entitled to obtain
obtain letters of

administration may	letters of administration of the estate of any intestate as his or her next
authorize Company
to do 80.	of kin, to authorize the Company to apply for such letters of administra­ tion, and administration of the estate of the intestate may he granted to the Company iipon its own application when so authorized.
granted letters of

Company on being 4. I t shall he lawful for the Company where the administration

administration may of any estate with or without the will annexed has been granted to it,

perform all acts ̂ to do and perform all acts and duties which belong to the ofTicc of rffioo oftd’tmidstr.̂ ̂ adm inistrator or adm inistrator 'with the will annexed, as the case may

tor notwithstanding he, notwithstanding its incorporation.

Its incorporation. ^ cascs ill wliicli tlic Company is empoArcred under this

SridlviaoTmanaginĝ ct to apply foi’ prohatc or for letters of administration, an aflidaA’it

acting manager director, manager, or ruado by tlic managing director, manager, or acting manager of the

in applications for

Company shall he rectuA'ed instead of any affidaA’it required by any

probat e or

administration.

Charter Act of Parliament or imle of Court to he made by persons

making application for probate or letters of administration.

Assets of Company	G. All the capital, both paid and unpaid, of ayIucIi paid-uji
to be liable for

proper administra­	capital twenty thousand pounds shall he invested in the purcliasc of
tion of estates, and	debentures or inscribed stock in such of the public funds of the Colony

no bond to administer tlic directoi’s of tlic Comnanvuiay select in the name of the Colonial

paid-up capita! is	Trcasurci* 111 trust for the Company, hut transferable only Avith the
£25,000, of wiiich	joint couscnt of the said Treasurer and the Company, or upon the order
£20,000 is invested
in Government	of the Supremo Court or a Judge thereof, and all other assets of tho
securities.	Company, shall he liable for the proper administration of all estates of Avhich the Company shall act as executor or administrator, and no bond for the due administration of any estate shall he required to be given by or on behalf of the Company, except in respect of estates cxci'oding tAventy thousand pounds in value, in Avhicli the said Court or a Judge thereof shall othenA'ise order, and all interest and income to accrue from time to time from or in respect of all such debentures and inscribed stock shall he paid by the said Treasurer to the Company as and aaI icii the same shall respectively hccome payable.

Company may bo 7. I t shall he laAvfnl for any Court or Judge or person noAV or

appointed trustee, _ hereafter having poAver to appoint trustees, receAcrs, committees ol: tho

receiver, committee,

or guardian of estate, cstatcsof persoiisof unsoimcl mind, orgnai’dians of the estates of infants,

in any case to appoint the Company to he trustee, receiA'cr, committee, or guardian as the case may he, and upon any such appointment all tho capital of the Company, both paid and unpaid, and all other assets of the Company, and the managing director, manager, or acting manager, as the case may he, and directors, and their respective estates, shall he liable for the proper discharge of the duties of the ofliee, either of trustee, receiA^er, committee, or guardian, as the case may he, and so soon as the Company shall possess a paid-up capital of not less than twenty-five thousand pounds, of Avhich paid-up cajiital twenty thousand pounds shall he invested as aforesaid, no bond or recognizance for tho proper discharge of such duties shall ho required to he given by or on behalf of the Company. Provided th a t the Company shall not he so appointed trustee of any deed or Avill AAliieh shall forbid the appointm ent of a Company as trustee thereof, nor in anj^case in Avliieh the m ajority of the persons Avho shall he hcnefieially interested shall not consent to such appointment, unless the consent of the Prim ary Judge in Equily of tho Supreme Court shall have been first obtained.

1888.   52« VIC.

Perpetual Trustee Company {Limited).

8. I t shall he lawful for the Company to act as attorney Avhcn- Company may aei

ever it shall he appointed hv deed attorney for any person or any

corporation, and ail the powers conlerred upon the Company liy any director, manager,

power-of-attorney may he exercised and carried into execution hy the ^^voX-ectorT^’

managing director, manager, acting manager, or by any tn o of the

directors of tho Company, hut in all cases the capital, both paid and

unpaid, and all other assets of the Company, shall he liable for tlie due

execution of the powers so conferred upon the Company. Provided

always that nothing herein contained shall he deemed to authorize any

]K!rson, Company, or corporation to confer any poivcr upon the Company

which cannot hy law he delegated or performed hy attorney.

9. I t shall he lawful for any executor, administrator, or trustee, Kxocutor

hy deed to delegate to tiie Company as his attorney all such trusts and administrator or

])owers as may liy law he delegated, and all acts done hy the Company tmsirtrcoMlpmfy!**

n ithin the scope of such dch'gation shall, in favour of any ])crsons

dealing with tho Company Avithout notice of the death of or revocation

of authority hy such cxttcutor, administrator, or trustee, he valid and

effectual notAvithstanding such death or revocation.

10. I t shall he laAvful for the Supreme Court or any Judge Executors or

thereof sitting in its ecclesiastical iurisdiction, on the application of any •wimimstrators with executor or administrator acting under any probate or letters ol Primary Judge may administration granted either before or after tlie coming into operation -'PPyit Company to

of this Act, to appoint the Company to he administrator in his place or

“

stead, and thereupon tlu' Company shall have the same poAAurs and authorities as if it had been tlie original executor or administrator, as the case may he, and in every such case all tho capital, both paid and unpaid, and all other assets of the Company, and the managing director, manager, or acting manager, as the case maybe, and directors and their respective estates shall he liable for tho due administration of the estates of Avhich the Company shall bo so appointed administrator.

11. Every application to the Court or any Judge shall he hy Appiicaiion for

motion, and notice of tlic intended application shall he adA’ertised in a

daily ncAvspapcr published in Sydney, at least seven days before tho

'

making thereof, and if the application shall be made hy the executor or administrator of any testator or intestate who shall liaA’e died in Ncav South Wales, a like notice shall also he adA'crtised once in some iicavs- ])apcr, if any, published in the district in AAdiich such testator or intestate shall have resided, and the Court or any Judge may require any person ixisidcnt in Ncav South Wales, and entitled to the immcdiati^ receipt of any of the income or corpus of the estate in respect of which the application is made, to he seiund aa ith notice thereof, and the costs of such application shall he in the discretion of the Court or Judge, and may he ordered to he paid out of tho estate.

12. Whenever an executor, administrator, trustee, receiver, com- Aianaging diiector,

mittec, or guardian is or shall he required hy any laAV, Cliarter Aet

of Parliam ent, or rule of Court, to attend in person in any Court of attemi on beimif Justice or clseAidiere, it shall he laAvful for the Company to attend hy Comiiany and its managing director, manager, or acting manager, and all alhdaA’its, be persomiiiT

statememts of defence, or other statements required hy laiv to he made

to Court,

on oath may he made and SAVorn on behalf of the Company hy its managing director, manager, or acting manager, and AvlicneA'cr probate or letters of administration shall have hcen granted to the Company, and AAlieneAnr the Company shall ho appointed and shall act as trustee, receiver, committee, or guardian, the managing director, manager, or acting manager, as the case may he, and directors in their oAvn proper persons and estates shall he indm dually and collectively responsible for the due administration of the estates entrusted to the Company, and shall in their oaa ii proper persons he liable hy process of attacli- nicnt, coinmitnicnt for contempt, or hy other process to all Courts

c having

52̂ ̂VIC. 1888.

JPerpetual Trustee Company {Lhnited).

liavin" jurisdiction in that behalf in the event of disobedience to the rules orders and decrees of such Courts made against the Company in the same manner and to the same extent as if such managing director, manager, or acting manager, or directors, had personally obtained probate or letters of administration and had acted as executor, admin­ istrator, trustee, receiver, committee, or guardian, and as if the rnle, order, or decree, had been made against them personally instead of against the Company, but notwithstanding such personal responsibility of the said managing director, manager, acting manager, or directors, the capital, both paid and unpaid, and all the assets of the Company shall remain liable for any loss which may be occasioned hy or which may happen through any breach of trust or duty committed hy the Company or any of its officers, whether such trust or duty be implied by law or expressly conferred hy the instrument under which the Company shall ac t; and no person shall he appointed a director or manager of the said Company unless he is a bond fide resident of New South Wales; and any person being a director or manager of the said Company who ceases to reside in New South Wales shall, upon so ceasing to reside, vacate his office, and such vacancy shall be lilted up in the manner provided hy the articles of association for filling casual vacancies.

Company to be paid	13. The Company shall he entitled to receive in addition to all which the administration shall he committed to the Company, whether as executor, administrator, trustee, receiver, committee, or guardian, a commission at a rate to be fixed from time to time hy the board of directors of the Company, hut not to exceed in any case two pounds ten shillings for every one hundred pounds of the corpus or capital value of any such estate and five pounds for every one hundred jocunds of tlui annual income of any such estate received hy the Company and of all moneys (whether capital or income) received hy the Company as an attorney acting under j)ower-of-attorney, and such commission shall he payable out of the moneys in the possession of the Company representing the estate upon which the same shall he chargeable, and shall he accepted hy the Company in full satisfaction of any claim to remuneration for acting as such executor, administrator, trustee, receiver, committee', guardian, or attorney, and no other charges beyond such commission and moneys properly expended hy the Company shall he made or allowed. Provided that if in any estate the Primary Judge in Equity shall ho of opinion that the rate of commission charged is excessive such Judge may review and reduce such commission. Provided also that the commission to be charged by the Company against any cstato shall not exceed the amount of the published scale of charges of the Company at the time when the administration of such estate was committed to the Company, nor shall this enactment prevent the payment of any commission directed by a testator in his will either in addition to or in lieu of the commission hereinbefore authorized.
a commission on
moneys rcceired by	moneys pro23crly expended hy it and chargeable against any estate of
them.
Company may bo	14. Whenever the Company shall have been appointed executor, administrator, trustee, receiver, committee, guardian, or attorney, it shall be subject in all respects to the same control and to removal or restraint from acting and generally to the jurisdiction of the Courts in the same manner as any other executor, administrator, trustee, receiver, committee, guardian, or attorney.
remoTod from oHice
by Court.

15.   I t shall be lawful for any trustee cestui qxie trust, executor, or

Order for account

on application of	legatee, administrator, or next of kin, or creditor entitled to or interested
1	rustee cestui qne
trust, <fec.	in any estate Avhich shall for the time being be under the management or control of the Company, after demand inwritingmade to the managing director, manager, or acting manager of the Company, for a sufficient account of the i)ropcrty and assets of which such estate shall consist,

and

1888.   62 ̂VIC.

Ferpetual Trustee Company {Limited).

and of tlie disposal and expenditure thereof or thereout, and upon non­ compliance with such demand within a reasonahle time to apply to tho Primary Jud^e in Equity of the Supremo Court in a summary manner, upon motion after notice to the Company for an account, and if the said Judge shall ho of opinion that no sufficient account has been rendered hy the Company, the said Judge shall order such account to he rendered hy the Company as to the said Judge shall seem just, or if the said Judge shall think that under the circamstances the Company was not hound to furnish any a(!count or that a sufficient account had heen furnished it shall be laAvful for the said Judge to dismiss the application, and the said Judge shall have power in all cases to make such order as to costs cuther against the Company or against the appli­ cant or as to payment of costs out of the estate as to the said Judge shall seem right.

IG. I t shall he lawful for the said Primary Judge U})on 1 he primary judge may making of any application under tho last preceding section to order in order audit m any o »y X i- X o estate coinjuitteci to

hooks and accounts of the Company in reference to the estate as to which the order is made, and in that case the directors and officers of the Company shall deliver to the person named in such order a list of all hooks kept hy the Company, and shall produce to such person at tho office of the Company at all reasonahle times Avhen required all hooks and accounts, vouchers, papers, and other documents of the Company relating to such estate, and shall afford to him all necessary information and all other necessary facilities for enabling him to make tho said examination, and the said Judge shall have the same power over the costs of such examination as is given hy tho last jircceding section over the costs of an application under that section.

addition to or in substitution for any account to be rendered hy the Company.

17. So long as any estate in respect of which the Company is Voimiim-y wimiing-

executor, administrator, trustee, committee, or guardian, shall remain

in whole or in part unadministcred, it shall not be lawiiil to proceed may be restrained by

to wind-up the Company voluntarily unless with the sanction

Judge,

of the said Primary Judgt', and it shall he lawful for any ]iersou interested in such estate or Avho may hat'o any claim in respect thereof to apply to the said Judge in a summary ivay hy motion to restrain any director or any shareholder from disposing of any shares Avhich such director or shareholder may hold in the Company, or to I'cstniin the winding-up voluntarily of the Company, and the said Judge shall have poAver to make such order upon such application as the circum­ stances of the case shall ap])car to the said Judge to require.

18. I f it he proved at any time to tho satisfaction of the Primary Judge m.ay

Primary Judge that three-fourths or more of tho amount of capital colnpany *

authorized hy this Act to he called up has heen lost hy the Company

it shall he laAvful for such Judge upon the application of any member,

creditor, or cestui que trust of the Company to make an order for the

Avinding-up of the Company.

19.   d'he folloAving provisions Avith respect to the liability of share- Provisions as to

holders in the Company shall he and remain in force notAvithstanding shareholders and

any alteration which may he made in its articles of association— directors.

No member shall hold more than two thousand shares in his OAvn right. Provided tha t if the capital of the Company shall he increased by the issue of neAV shares the number of shares Avhich may be held by each member shall he proportionately increased.

No more than five pounds per share shall he called up except in the event of and for the purpose of the Avinding-up of the Company, and every member shall in such event be liable to contribute the unpaid balance of every share held hy him.

In

36 52̂ VIC. 1888.

JPerpetual Trustee Company [Limited).

In the event of the Company being wound-up, every person who has heen a director of the Company at any time within the period of two years preceding the commencement of the Avinding-up shall he liable for the balance unpaid on every share Avhich he may have transferred during such tAvo years in addition to his liability upon any shares held hy him at the commencement of the Avinding-up, in the event of the holder or holders of such shares being unable to pay tho said balance per share in full.

The capital of the Company shall he and remain divided into shares of ten pounds each, and the number of shares in tho Company shall not he at any time reduced to less than fifty thousand.

Moneys rcinaining	20. All moneys which form part of any estate of Avhich at any Avhich moneys shall remain unclaimed hy the person entitled to the same for a period of five years after the time Avhen the same shall have become payable to such person, except Avhere payment has been or shall be restrained by the injunction of some Court of corapc'tent jurisdiction, shall together Avith interest at current rates on fixed deposits in Banks, he paid by the Company into the Colonial Treasury, to ho placed to the credit of a fund to be called the Testamentary and Trust Bund, distinguishing the particular estates in respect of Avhich such moneys shall have been paid, and the Colonial Treasurer shall from time to time iiiA'cst such moneys in the purchase of GoA^ernment debentures or stock to be placed to the credit of tho said Testamentary and Trust Bund, distinguishing in the ledger the particular estate in respect of Avhich such moneys have been invested, and the interest payal)le on such debentures or stock shall be placed to the credit of the said fund, and the said Treasurer’s said account in tho ledger shall he an official and not a nominal account, and in all transfers of the said debentures and stock by the said Treasurer he shall be so styled without any^name, addition or description, and he shall not sign any such transfers or pay over any of the moneys standiiig to tho credit of the said fund unless an order of the Primary Judge in Equity directing such transfer and specifying the amount of moneys, debentures, or stock, and the name, description, and addition of the person to Avhom the proceeds of such sale are to be paid shall he left at the office of the said Treasurer, nor, until the purchase money of the debentures or stock to be sold has been received in the Colonial Treasury, and the Company shall at the end of every six months deliver to the said Treasurer a statement of all such unclaimed moneys Avhich during tho preceding six months shall liaA'e been in its hands, and distinguishing the several estates in respect of which the same ha e been received, and setting out the dates and amounts of the several payments of the same under this section, and if the said moneys or any part thereof ha e not been paid into the Colonial Treasury stating the reason for the delay of such payments, and if default is made in compliance with the foregoing provisions of this section, the Company shall be liable to a penalty not exceeding five pounds for eA'ery day Avhile such default continues, and CA’ery director and managing director, manager, or acting manager of the Company avIio knowingly and Avilfully authorizes or permits such default shall incur the like penalty.
unclaimed for five
years to be paid into	time the Company shall he executor, administrator, or trustee, and
Colonial Treasury,
Persons entitled to

moneys in 21. I t shall he lawful for any person Avho shall be entitled to

Testamentary and	any stock, debentures or moneys AAdiich shall at any time form part of
Trust Fund may
apply to Primary	the said Testamentary and Trust Bund to apply to the said Primary
Judge.	Judge upon petition in a summary Avay for such order as is in the last preceding section referred to, and the said Judge shall deal Avith sucli application as nearly as may be in the same manner as in the case of

applications

1888.   52̂ VIC.

Perpetual Trustee Company [Limited).

applications to the said Court under the “ Trustee Relief Act of 1858.” And in all cases in which the Colonial Treasurer may see tit to appear upon such pdition he shall he entitled to such costs aijainst the applicant or out of the fund as the said Judge may direct.

22.   I t shall he lawful for the Colonial Treasurer, alter demand in Oni(;v Jor account on

writing addressed to the managing director, manager, or acting managt'r of tlic Company for a sulficient account of tlic property and assets of Avhich any or m^ery estate included in or Avhich ought to he or to liaA C heen included in the hereinhoforc mentioned statement of unclaimed moneys shall consist, and of the disposal and expenditure thereof or thereout, to ajiply to the said Primary Judge in a summary AAuy upon motion alter notice to tho Com])any for an account, and if the said .fudge shall he of opinion that no sutricicnt account has hec'ii rendered hy the Company the said Judge shall order such account to he ri'iidered hy the Company as to the said .ludge shall seem just, or if the said Judge shall think that under the circumstances the Company was not hound to furnish any account or that any account fnrnislu'd hy the Company Avas sufficient it shall he laAvfnl for the said .Judge to dismiss the application, and the said .Judge shall liaAm poAver in all cases to make such order as to costs either against the Company or as to payment of costs out of the estate as to the said .Judge shall seem right.

23. The managing director, manager, or acting manager of the K eem is to i.o uKuie Company shall, during the months of .January aud July in t'very

year during aa IucIi the Company carries on business, make heforc some oiii. c of tiie

.Justict' ol the Peace a dttclaration in the form contained in the Schedule hereto, or as near thereto as circumstances Avill admit, of the recei])ts, expenditure, and iin'cstments of and in all estates and ]iroper(y held hy the Company in Trust up to the thirty-llrst day of Decemht'r or th irtieth day of June then last past; such declaration shall Avithin stnmn days after the making thereof he tiled in the office of the Mast(>r in Ef^uity, and a copy of such declaration shall he put up iu a conspicuous ])lace in the registered office of the Company, and in cAmry hranch office or j)lace Avlierc the husiness of the Company is carric'd on, and shall he giA'cn to any member or creditor of tho Company or any

cestui que tru s t Avho applies for the same, and if default is made in

com])liancc Avith the proAusions of this section the Company shall he lialde to a penalty not exceeding five pounds for every day Avhile sucli default continues, and every managing dircidor, manager, or acting manager of the Company Avho knoAvingly and Avilfully authorizes or permits such default shall incur the like penalty.

2J. Every order made hy the Primary Judge in Equity under A|ii)pu1 from

fliis Act shall ho subject to appeal in the same manner and under the	Judge-
same conditions as other orders of the said J udge.

25. Nothing in this Act contained shall he deemed to gh'e to ah not lo preclude

the Company any right to oppose the granting of similar poAvers to

those conferred upon the Company hy tliis Act to any other Company s'lm'larpVwei^ to'"

or to corporations generally or to claim or to seek comjiensation in '’J

consequence of such poAvi'rs being conferred upon any other Company	‘	’
or upon corporations generally, or in the event of provision being made hy Jkarliament for the management of trust estates hy a department or officer of the Government, or in the CAmnt of the repeal of this Act.

2(1. Where hy any settlement, Avill, codicil, or other testamentary Settlors or testators

writing, a settlor or testator shall direct that any practising solicitor

or solicitors shall conduct the legal husiness of his or her estate, such

solicitor or solicitors shall he entitled to act therein accordingly, hut

in such case the Company shall not he liable for tho negligence	'
misfeasance, uonfeasance, or misconduct of such solicitor or solicitors, and such solicitor or solicitors may he removed hy order of the J'rimary .Judge in Equity upon the application of the Company or of any

person

38 52'’ VIC. 1888.

Ferpetual Trustee Company {Limited).

person interested in the said estate upon cause shown, and then and in such case the said Judge may appoint tho solicitor or solicitors of the Company to conduct such legal husiness.

Incorporation and 27. Except SO far as is herein expressly provided the Company exeept\'ffar°a"̂ ”̂̂ ' sliall havo and he subject to the same restrictions, liabilities, penalties,

remain.peciScaiiy altered, to privileges, and powoi’s as it has and is subject to under its present

incorporation, and this Act shall not otherwise aifect the incorporation

of the Company.

EccoTory of 28. Any penalty imposed hy this Act may he recovered in a

penalties.	summary way before two Justices of the Peace.
Short title of Act,	29. This Act shall he called and may he cited as the “ Perpetual Trustee Company (Limited) Act.”

SCHEDULE.

“ The Perpetual Trustee Company (^Limited)."

I [managing director or as the case may he'] do hereby solemnly declare and affirm:—

That the. liability of the members is limited.

That the capital of the Company is pounds divided into shares

of pounds each.

That the number of shares issued is

That calls to tho amount of pounds shillings per share have been

made, under which the sum of pounds has been received.

That tho debts owing to sundry persons by the Company on tho day of

one thousand eight hundred and eighty- wore—

On judgment ...	...	...	...	...	...	£
On speciality ...	...	...	...	...	...	£
On notes or bills	...	...	...	...	...	£

On simple contracts ...	.....................................	£
On estimated liabilities	..................................... £

Total ... ... ... ... ... £

That the assets of the Company other than assets held on trust on tho day

one thousand eight hundred and eighty- were—

Government securities ... ... ... ... £

Bills of exchange and promissory notes ... ... £

Cash at the banks	...	...	...	...	...	£
Other securities	...	...	...	...	...	£

Total ... ... ... ... ... £

That tho value of the real and personal property come to the hands of tho Com­

pany as trustees, executors, administrators, receivers, and agents, up to and inclusive

of the	day of	one thousand eight hundred and oighty-
was as follows—

Estimated Values,

Ecal property... ... ... ... ... ... £

Chattels real ... ... ... ... ... ... £

Moneys secured by mortgage of real property	...	£
Moneys secured by mortgage of personal property	£

Unsecured debts and claims... ... ... ... £

Debentures	...	...	...	...	...	...	£
Bank shares	...	...	...	...	...	...	£

Shares in other companies (other than bank shares) £

Cash ... ... ... ... ... ... ... £

Total receipts... ... ... ... £

That up to tho , one thousand eight hundred and eighty- , the following

are the amounts of—

Ecal projiertv conveyed to beneficiaries	...	...	£
Cash paid to beneficiaries as corpus...	...	...	£
Cash paid to beneficiaries as income	...	...	£

Cash applied in ])ayment of debts ... ... ... £

Cash applied in payment of administration expenses £

Commission retained ... ... ... ... ... £

Total expenditure ... ... ... £

That

1888. 52̂ VIC. 39

Kiama Tramicay A ct Amendment.

Tliat the investments and moneys held by tho Company, upon trust, on tho

day of , one thousand eight htuidrod and cighty- , were as follows, viz.—

]lcal property.	£
Chattels real	££££
Mortgages
Debentures
Bank shares
Shares in other eompanics	£
Money on deposit -with banks and other companies	££

Cash on hand ... ... ... ... ... ...

T o t a l ................................................... £

And I make this solemn deedaration, as to the matters aforesaid, according to tho law in this behalf made, and subject to the punishment by law provided for any wilfully false statement in any such declaration.