7

H.—24

At the rate of £3 10s. per cent, per annum in respect of lunatic and intestate estates for all sums of £50 and upwards; and in respect of testate estates, after the rates provided by paragraphs (1) and (2) aforesaid : Provided, further, that this limitation shall not apply to the rate of interest payable to persons entitled under intestacy where such persons are minors, but such persons shall be entitled to the rates of interest as provided by paragraphs (1) and (2) hereof on all sums of £20 and upwards. Interest shall be computed on every complete pound from the first day of the month following the day of the receipt of such moneys into the Public Trustee's Account up to the first day of the calendar month in which the capital, or interest, or both is paid to the person entitled, and shall be allowed clear of any charges for the receipt or collection thereof. Interest shall only be payable on the capital, and shall not be computed upon interest unless where such interest is expressly directed to be accumulated and form part of the capital, and then only on an amount of £20 and upwards. No capital moneys paid into the Consolidated Fund under section 76 of " The Public Revenues Act, 1891," shall be deemed to have borne interest while the same remained in the Public Trust Office. Alex. Willis, Clerk of the Executive Council. J. K. Waebubton, Public Trustee. Approximate Cost of Paper.—Preparation, not given; printing (1,350 copies), £4 9s.

Authority: Samuel Costall, Government Printer, Wellington.—lB9s.

Price 6d.]