Deposit N142 - States Trust and Investment Company deposit

The company was formed and registered in Canberra on 14 July 1958 to take over the shares owned by States Trust and Investment Co Ltd, a company established in New Zealand by H S Reid. The Managing Director for both companies was M K Reid until her death in 1961. J H Todhunter then served as company director and secretary of States Investments Pty Ltd until 25 October 1988 when the company was deregistered. Todhunter also served as a Director of Buka Plantations and Trading Co Ltd, a company in which the States Investments Pty Ltd held shares.

States Trust and Investments Company Limited was incorporated in New Zealand in 1931 as a private investment company. The company was owned by H S Reid who acted as Managing Director until his death in 1936. Reid established the company to protect his investments during a period of political instability, particularly in NSW. The company held shares in the Belmore Property Co Pty Ltd, Buka Plantations and Trading Co Ltd, and The Hub Limited. From 1936 until her death in 1961, H S Reid's widow, M K Reid, acted as the company's Managing Director. She was also managing director of States Investments Pty Ltd, a company formed and registered in Canberra in 1958 to take over the shares owned by the States Trust and Investments Co Ltd.