PUBLIC TRUST OFFICE
BIG VOLUME OF NEW BUSINESS The following particulars of the loan transactions of the Public Trust Office and new business reported during the month ended January 31, have been supplied by the Prime Minister (Right Hon. J. G. Coates) :— “The amount paid out in settlement of new loans was £80.603, making a total of £2,153,172 since the beginning of the present financial year on April 1. Further new loans, to the amount of £57,620, were granted, making the total of new loans awaiting settlement £027,314, while offers of loans less than the full advances applied for amount to £157,903—a grand total of £795,237. Applications for additional new loans amounting to £431,316 are now under consideration.
“The new business for the month was extraordinarily good, and its volume has not previously been equalled. Estates and funds were reported to the value of £854.483, making the total new business for the ten months from April 1 £5,409,535. This shows an increase over the corresponding period for the previous year of £1,244,485. On April 1, 1927, the total value of estates and funds under administration was £41,043,523. New wills deposited for safe custody by testators appointing the Public Trust their executor numbered 418, and the total now held is 57,248.”
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Dominion, Volume 21, Issue 122, 21 February 1928, Page 12
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210PUBLIC TRUST OFFICE Dominion, Volume 21, Issue 122, 21 February 1928, Page 12
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