Overview
The NBPOL Trusts, collectively referred to as the WNB Trust, were established to hold and manage investment assets for the long-term benefit of the permanent residents and people of West New Britain Province.
The Trust was originally established to hold shares in New Britain Palm Oil Limited. Those shares were subsequently divested, and the proceeds were reinvested into a diversified portfolio of assets, including property, equity investments and Government fixed income securities.
The Trustee is the West New Britain Provincial Government, with decisions exercised through the Provincial Executive Council. Under the Trust Deed, the Trustee is required to manage Trust assets prudently and to apply income derived from those assets for the general purpose of the Trust, namely the long-term benefit and development of the people of West New Britain.
Core Functions
The WNB Trust safeguards and manages its investment portfolio in accordance with the Trust Deed.
The portfolio generates income through dividends, rental returns, interest and other investment earnings. Where a surplus exists, net income is formally distributed to the West New Britain Provincial Government to support health, education, social welfare and community development initiatives through the Provincial Government’s annual budget process.
The Trustee administers the Trust with a focus on capital preservation, prudent investment management and transparent financial oversight to ensure that benefits are sustained for both present and future generations.
Who Benefits?
The beneficiaries of the Trust are the permanent residents and people of West New Britain Province, including current and future generations.
The Trust is structured to ensure that the value generated from its investments contributes to sustainable development, improved services and enhanced quality of life across the Province.
How the Trust Works
- The Trust holds a diversified portfolio of investment assets.
- These investments generate income through dividends, interest and rental returns.
- Once distributed, funds are applied through the Provincial Budget to support health, education, social welfare and community development projects.
This framework ensures that the Trust’s investment returns are integrated into formal provincial planning and budgeting systems, strengthening transparency, accountability and long-term development outcomes.
Governance
In its capacity as Trustee, it manages Trust assets strictly in accordance with the Trust Deed and in the best interests of the beneficiaries.
Separately, in its statutory capacity as a provincial government entity, it administers public services and implements projects funded through the Provincial Budget.
Trust assets are maintained separately from provincial government funds. The Trust operates dedicated commercial bank accounts and maintains a comprehensive asset register to record all investments. Income distributions are formally approved before transfer to the Provincial Budget.
This separation of roles protects Trust property and reinforces sound governance, transparency and fiduciary accountability.
Our Commitment
The Trust is committed to:
- Responsible stewardship of Trust assets
- Prudent and disciplined investment management
- Transparent financial reporting
- Clear separation between Trustee function and Provincial Government function
- Long-term sustainability for future generations
Contact Information
For enquiries related to the WNB Trust please contact:
WNB Trust Office
Phone: (+675) 7582 3917 or 71139041
Email: wnbtrust@gmail.com or pomadmin@wnbpgtrust.com
Locations: Kimbe, WNB Provincial Administration
Port Moresby: Trust Office Building, WNB Haus Compound