PUBLIC TRUST OFFICE

Hokitika Guardian, 24 September 1929, Page 8

PUBLIC TRUST OFFICE

STATEMENT FOR AUGUST, 1929. Tlie following particulars of the loan transactions and the new business reported during the month ended 31st August, 1929, have been supplied by the Right Hon. the Prime Minister. The loans completed during the month amounted to £427,251, making a total of £2,034,090 completed since tiie Ist April last. Further new loans were granted to the amount of £287,125 making the total loans granted, but not yet paid, £581,030, while offers of loans less than the full amounts applied for amount to £77,344, a total of £588,3*4.

Renewals of 38 loans amounting to £177,458 were also authorised. Applications for additional new loans amounting to £442,939 are now under consideration.

Estates of a value of £622,081 were reported and accepted for administration during the month. On 31st 31 arch last the total 'value df the estates under administration was £48,334,790 and the new business for the 5 months ended 31st August, 1929, was £3,771,951, which is £797,448 in excess of the figure of the same period for the previous year. Grants of administration made by the Court in favour of the Public Trustee numbered 197 for the month. During the month 631 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 in the Public Trust Office is 65,191, representing an estimated present value of over £260,000,000.