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This arrangement was later carried over into the trusteeship system of the United Nations.
Unlike the mandate system, the trusteeship system invited petitions from trust territories on their independence and required periodic international missions to the territories.
Finally, the three leaders agreed that the new organization would include a trusteeship system to succeed the League of Nations mandate system.
All these mandates became trust territories except South West Africa (now Namibia), which South Africa refused to enter into the trusteeship system.
Among the measures for these purposes are collective security arrangements, the mandate and the trusteeship system for dependent areas, the stimulation of cultural relations between nations, aid to developing countries, and the improvement of health and welfare everywhere.
Though a fundamental restructuring of the state's investment policy is likely to take years to accomplish, the long-range goal should be to replace the sole trusteeship system with a comptroller and an independent board of directors.
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Myners wants to professionalise pension fund trusteeship within an unreformed system of company law, which is fine as far as it goes.
In 1946 they were redefined as United Nations trusteeships (see Trusteeship Council).
The Micronesia trusteeship was ratified in Jul.
First, trusteeship offers a historical precedent.
"We both voted for trusteeship," Mr. Hennessey said.
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