The undertaking of a trustee’s duties is somewhat onerous, and also involves a certain capability in this line—hence, it is not ahvays possible to prevail upon a private individual to undertake the responsibility of, say, an Executorship or Administratorship. In 1906, therefore, the Public Trustee Act was passed appointing an official with powers to act as Public Trustee, undertaking without charge (except out-of-pocket expenses, etc.), the office of tr>•-*••* under a settlement, administt&vor of small estates, investigator and auditor of accounts for trusts not administered by himself, or as an executor under wills, or guardian of infants. The need for somebody in an official capacity to undertake these duties—negativing any posr sibility of fraud or mismanagement and guaranteed by the Consolidated Fund of the United Kingdom— had long been felt, and the immediate popularity of the scheme was its best vote of confidence.
At the present time the staff of the Public Trustee numbers nearly fifteen hundred. Its offices are in Kingsway, London, and Albert Square, Manchester. There are no Public Trustees for either Scotland or Ireland. TRUSTEESHIP.
Trustees are agents, into whose hands duties or funds are placed in trust, to administer for another who is dead, incapacitated or abroad. A trustee may be appointed for an e&tate, under a will or a bequest, for a charity or other institution, or he may be appointed by the creditors of a bankrupt. If there is any difficulty in prevailing upon a private individual to undertake Jbe duties, most forms of trusteeship can be administered by public officials—either the Public Trustee , or by appointment from the Board of Trade. UNEMPLOYMENT INSURANCE.
See Health and Unemployment Insurance.