Burns, Philp Trust Co.

New Subsidiary Formed

'T'HE registration was announced on Jan- A uary 27 of the Burns, Philp Trust Company Ltd., with a capital of £50,000 in £1 shares.

This is a new subsidiary of Burns, Philp and Company Ltd., formed to take over the trustee and agency business hitherto handled by the parent company. All the capital (nominally £50,000) is held by Burns, Philp and Company Ltd. The directors of the subsidiary are Messrs.

James Burns, Robert Nosworthy, Lewis Armstrong, and Joseph Mitchell (all of whom are directors of Burns, Philp and Co. Ltd.), and the manager is Mr. C. H.

Chester.

The new company will act as the trustee of an estate, as the executor of a will, as financial agent for any person or firm, and as manager of property and investments.

Its constitution and associations provide a sufficient guarantee of fidelity.

Mr. T. P. Byrne, Collector of Customs at Samarai, Papua, has been transferred to Port Moresby.