PUBLIC TRUST OFFICE

Manawatu Times, Volume LIII, Issue 6541, 24 February 1928, Page 9

PUBLIC TRUST OFFICE

STATEMENT FOE JANUARY. The following particulars of the loan transactions of the Public Trust Office and new business reported during the month ended 31st January, 1928, have been supplied by the Right Hen. the Prime. Minister.' The amount paid out in settlement of new loans was £80,603, making a total of £2,153,472 since the beginning of the present financial year on Ist April last. Further new loans to the amount of £57,620 were granted, making the total of new loans awaiting settlement £627,344, while offers of loans less than the full advances applied for amount or £167,903—a grand total of £795,337. Applications for additional new loans amounting to. £434,316 are now under consideration. The now business for the month was extraordinarily good and its volume has not previously equalled. Estates and funds were reported to the value of £854,483, making the total new business for. the ten months from Ist April last £5,409,535. This shows an increase over the corresponding period for the previous year of £l,244,485, On April, 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 Trustee their executor numbered 418, and tbe total now ■ hold ■is 57,248. '