PUBLIC TRUST
BUSINESS FOR NOVEMBER The following particulars of the loan transactions of the Public Trust Olfice and new business reported during the month ending November 30, have been supplied by the Right Hon. the Prime Minister: The amount paid out in settlement of new loans was £183,751, making a total of £1,805,340, since the beginning of the present financial year on April 1 last. Further new loans to the amount of £75,727 were granted, miking the total of new loans awaiting setlement up to £697,754, while offers of loans less than the full advances applied for amount to £193,756Ja grand total of £891,510. Applications for additional new loans amounting to £428,344 are receiving attention.
The new business was again very satisfactory, estates of a value of £539,566 having been accepted for administration, bringing the total of new business for the eight months from April 1 last to £4,141,008. This exceeds the figures for the same period in the previous year by nearly half a million pounds. The estates under administration on March 31, 1927, were of a value of £41,043,523. New wills deposited for safe custody by testators appointing the Public Trustee their executor numbered 43', bringing the total now held up to 56,474.
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Bibliographic details
Sun (Auckland), Volume I, Issue 255, 18 January 1928, Page 6
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205PUBLIC TRUST Sun (Auckland), Volume I, Issue 255, 18 January 1928, Page 6
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