PUBLIC TRUST OFFICE.

Auckland Star, Volume LIX, Issue 226, 24 September 1928, Page 4

PUBLIC TRUST OFFICE.

BUSINESS DURING AUGUST.

The following particulars of the loan transactions of the Public Trust Office and new business reported during the month ended 31st August, 1928. have been supplied by the Right Hon. the Prime Minister:—

The amount paid out in settlement of new loans was £204,724. Further new loans were granted to the amount of £37,345, and the total new loans now awaiting completion is £377,781. while offers of loans less than the full amounts applied for amount to £172.551— a total of £550,332. Applications for additional new loans amounting to £267,475 are now under consideration.

The new business for the month was again very satisfactory, estates of a value of £594.140 having been accepted for administration. On March 31, 1928, the total value of the estates under administration was £44,155,548, and the new business for the five months ended 31st August last (£2,974,503) exceeded that of the same period for the previous year by £371,488. Five hundred and fifty-nine new wills appointing the Public Trustee executor were deposited for safe custody with the Public Trustee by living testators, and the total number now held is 60,062, representing an estimated present value of £238,000,000.