PUBLIC TRUST OFFICE.

Hokitika Guardian, 13 June 1923, Page 4

PUBLIC TRUST OFFICE.

V l-.il V Sl’Gt ESS FIT. YEAR. U uv ii.t.ruiiArn—i’i:n l-anss association.] WELLINGTON. June 12. The lion .J. G. (’nates. .Minister in ( l-urgc of ilu- Public Trust Oli’ue. in nhnuum-ing the re'ttlb ri the year's uiirkiug of the nliice. states I let the values nl the estates and fuuils under ailministralinn has im-ivas.d by 4D7.D19 during the and that on set- under uJoiiei-trution was £23.991.798. The year has again shown a remarkable increase in the number of wills deposited fur safe custody by living testnloi-. During the year -1383 s.in-ii wills were lodged with the Public Trustee. making the total number on deposit. as at the 31st March. 1923. 502. Tin- number ni estates accepted lor administration v, as 2450, and in i:u less than liil i-a-.es the administration e, the cst.-ite was entirely w lucjctcd v. ithi;i the financial year. The financial result - I t-a- year's working is very gratifying. >!:•- m-tl profits I.sing (.*58., 39. as eompared with a profit of £10.(591 and 111.055 respectively for the two |.receding years. I ids re-nlt. ha* been a< luevcd largely by the int rudm-l ion of a strict system nl economy, under whi-h savings cslimatc I at, approximately £(il 1-90 per annum have been introdmed. 1 In- hem-lit of tills policv is still being leb. I- c the year ended 31 t Jlimh. the Tot it expenditure of the office was less by £23,342 than that of the previous year. The figures fur the year just dosed shew that a fuvther reduction ct £2l 77.!) in expenditure has lnken pln-'c. A-the.-e figures represent a nett ---iv allowing for tc.i-rr.ain im-vitable increases in cxpcndituie. such s ah' in-crcnn-i'is of salary, ri. .. it is ■ leer I:.:.: substaui ml ones.

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