PUBLIC TRUST OFFICE.

Hutt News, Volume 2, Issue 6, 4 July 1929, Page 2

PUBLIC TRUST OFFICE.

LAST MONTH'S BUSINESS,

The following particulars of the loan transactions of the Public-Trust Office and new business reported during the month ended 31st May have been supplied by the Prime Minister (the Big-hj; Hon. Sir Joseph, Ward): —

"The amount paid out in settlement of new loans was £168,812. FiVrtbter new loans were granted to the amount of £53,510, and the total of new loans now awaiting- completion is £435,734, while offers of loans less than the full amounts- applied for amount to £100,-> 232, a total-of £535,966, Renewals of 52 loans amounting to £257,714 were also authorised. Applications for additional new loans, amounting to £254,----919 are now under consideration. "Estates of a value of £685,932 were reported and accepted for administration during the month. The value of the estates reported in April and May of this year shows a 25 per cent. Increase over the value for the ?ame two months in the previous financial year, the figures being £1,556,149 and £1,----243,263 iespectively. Grants of administration made by the Court in favour of the Public Trustee numbered 175 for the month. • ' ;

'' During the month 634 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 63,748, representing an estimated present value of £255,000,000. "