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The Cyclopedia of New Zealand [Otago & Southland Provincial Districts]

The Perpetual Trustees Estate And Agency Company Of New Zealand, Ltd

The Perpetual Trustees Estate And Agency Company Of New Zealand, Ltd. Directors, Messrs Keith Ramsay (chairman), Robert Glendining, James Haslett, and W. E. Reynolds. Managing Director, Mr. Walter Hislop. Offices, corner of Rattray and Vogel Streets, Dunedin. Telephone, 33. P.O. Box, 97. Bankers, National Bank of New Zealand. Solicitors, Messrs Bathgate and Woodhouse. Private residence of managing director, Royal Terrace. This company was incorporated in April, 1884, under “The Companies Act, 1882,” in order to provide a safe and permanent body having perpetual succession to act:—(1) as executor and trustee under a will; (2) as trustee under marriage or other settlements; (3) as trustee in place of other trustees who may wish to be relieved and discharged from their trusts; (4) as agent for executors, trustees, or administrators, or for any persons who may prefer to have skilled agents to act for them in the management and realization of estates; (5) as attorney under power, or agent, either for persons resident abroad or about to leave the Colony, or resident in the Colony; to invest money on real or other securities, collect rents, dividends, interest, and other income, negotiate loans, buy and sell land or other property, effect and keep on foot insurances, manage, sub-divide, or lease real estate, and to act generally as agent; another object was to acquire the goodwill of the land and estate agency
Perpetual Trustees' Building.

Perpetual Trustees' Building.

businesses of the firms of Messrs. Gillies, Street and Hislop, and Messrs Connell and Moodie. The former firm was established by the late Mr. Robert Gillies in 1860, the late Mr. Charles Henry Street joining the business in the following year, and Mr. Walter Hislop in 1876; the late Mr. John Aitken Councill and Mr. Thomas Moodie founded the firm of Connell and Moodie in 1862. The capital of the company is £106,250 in 25,000 shares of £4 5s., of which £92,093 5s. is subscribed, and £8,125 17s. 6d. paid up. To enable the company more fully and satisfactorily to carry on its business, and to act as aforesaid, a special Act of the New Zealand Parliament was applied for and obtained (session 1884), intituled “An Act to confer powers upon the Perpetual Trustees Estate and Agency Company of New Zealand, Limited,” a copy of which may be obtained, together with a copy of the company's Articles and Memorandum of Association, by any person, on application to the company. It is not surprising that the company should have been sucessful, seeing that Messrs. Hislop and Moodie—surviving partners of the old firms out of which the business was evolved—whose experience has extended over thirty-five years, continue to take an active part in the management of its affairs. Substantial dividends have been paid from time to time, the rate sometimes being twelve and a half percent. page 311 The premises occupied as the company's offices comprise the ground floor of a handsome three-storey brick building—given in the engraving—at the corner of Rattray and Vogel Streets, which is the property of the trustees in the estate of the late Mr. Robert Gillies. The Perpetual Trustees Estate and Agency Company, Ltd., hold the agency in Otago for the Norwich Union Fire Insurance Society. To facilitate the company's business, a very comprehensive and handy pamphlet has been published, entitled “Summary of the objects and advantages of the Perpetual Trustees Estate and Agency Company of New Zealand, Ltd.” This little booklet, which contains over thirty pages, supplies the fullest information as to the position of the company, its scope, aims, objects and advantages, also including the scale of charges, which is uniform and Strictly adhered to. In the appendix, detailed and carefully prepared instructions are given as to the form of wills and codicils and power of attorney, with full text of such documents in legal form, so that any person of average intelligence may, should necessity arise, adapt such drafts to suit any individual ense. These pamphlets are procurable on application personally, or by letter addressed to the company at its registered office in Dunedin.