24CInformation for investors and prospective investors in

24C Information for investors and prospective investors in common fund (1) The Public Trustee must, within 4 months after the end of each financial year, send to each investor (other than an estate) in a common fund an extract from the Public Trustee's annual report to the Minister for that year containing the information required under section 19(3). (2) The Public Trustee must not accept money from a prospective investor (other than an estate) in a common fund unless the prospective investor has first been given an extract from the Public Trustee's last annual report to the Minister containing the information required under section 19(3) together with any further information required to update the investor information contained in the report. 25 Sale by Public Trustee (1) A sale by the Public Trustee in the exercise of his or her powers of sale under a mortgage may be by public auction or private treaty and, in the case of a sale by private treaty, advertising shall not be necessary. Part V Investment of estate funds and common funds Public Trustee Act 1979 14 (2) Any money expended by the Public Trustee in the exercise of the powers of the Public Trustee under a mortgage shall be: (a) repayable to the Public Trustee by the mortgagor on demand and until repayment may, at the discretion of the Public Trustee, incur interest chargeable at the maximum rate provided by the mortgage, such interest (if any) to be computed from the date or dates of the money being expended; and (b) a charge on the mortgagor's interest in the land, the subject of the mortgage, and shall be secured by the mortgage.