Mon | Oct 22, 2018

NHT has no trustees

Published:Monday | November 24, 2014 | 12:00 AM


I am particularly impressed with yesterday's article (Ronald Mason, 'Hypocrisy to the hilt', Sunday, November 23, 2014), and, in particular, your ability to distinguish between a trust in the context of a trust fund and the National Housing Trust, which is clearly defined at section 3(1)of the Act as a corporate body.

It is to be noted that the words in that section (hereinafter referred to as the trust) is in parenthesis.

Definitions, as you mentioned, is always a good way to have a discussion on a subject.

The definition I have found in my legal dictionary for 'trust fund' is a legal entity that holds property for the benefit of another person, group or organisation.

All trust funds have three important parties: grantor, beneficiary, trustee. It is simply dumb for people, including lawyers, to be arguing that the Housing Trust is a trust fund.

All the radio listeners I have talked to are wondering why the Gleaner's Power 106 FM did not put you in the slot where Mr Cliff Hughes is so we could have some impartial commentaries.


St James