HANDLING MILLIONS
PUBLIC TRUST INCREASES BUSINESS W
REPORT TO PARUAMENT
(THE SUN'S Parliamentary Report-’ WELLINGTON, To-day" In establishing the Publie Tm Office says the Rt. Hon. J. G. Coate? in the annual report, submitted to Parliament, the Government creat • no monopoly in its favour, but aim*? at providing a safe and efflci-1* trusteeship for all who wish to av&i» themselves of the service, leaving in dividuals free to utilise other agenri-J if they wish to do so. The report takes pleasure in nottnc the record in amount of new busing handled, new estates represent!* £6,511,928. This is the first time new business has exceeded six million. A comparison over 35 years shows that in 1893 the business handled re presented £1,450.918. whereas in ijn it represents £44,155.548, which pro. duced revenue amounting to £275,544* It is estimated that wills on deposit* but not yet executed, represent prospective business totalling o v*» £230,000,000.
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Bibliographic details
Sun (Auckland), Volume II, Issue 458, 13 September 1928, Page 12
Word Count
152HANDLING MILLIONS Sun (Auckland), Volume II, Issue 458, 13 September 1928, Page 12
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