PUBLIC TRUST OFFICE

Hokitika Guardian, 29 June 1929, Page 6

PUBLIC TRUST OFFICE

LAST IIO.VI ~'S KLSI NESS. The following particulars of the loan transactions ot tlie Public Trust Office and new bus.ness reported during tlie montli ended 31st. May have been supplied by tlie Prime Minister (the Right Hon. .Sir Joseph Ward) : ‘■’.l no amount paid out in settlement of new loans was £168,812. Further new loans were granted to the amount of £53,510, and the total of new loans now awaiting completion is £435,co 4, while oilers of loans less than the full amounts applied for amount to £100,232, a total of £536,966. Renewals of 52 loans amounting to £257,714 were also authorised. Applications tor additional new loans amounting to £.>34,91.9 are now under consideration. Estates of a value of £685,932 were reported and accepted for administration during the ihon..>. The value of the estates reported in April and May of this year shows a 25 per cent, increase over the value for the same two months in the previous financial year, tlie figures being £1,556,149 and £l,243,263 respectively. Grants of administration made by tlie Court in favour of tlie Public Trustee numbered 175 for the month.

“During the month G 34 new wills appointing the Public Trustee executor were deposited for safe custody with the Public Trustee by living testators, and the total number now hold is 63,748 representing an estimated present value of £255,030,(XX).’’