TRUST OFFICE’S WORK
NEW BUSINESS FOR MAY During the month of May new loans totalling £ 53,7.10 were granted by the ! Public Trust Office, according to the monthly abstract of business supplied |by the Prime Minister, Sir Joseph Ward. A total of £165,512 was paid out in settlement of new loans and the total of new* loans now awaiting completion is £435.734. Applications for additional new loans amounting to £254,919 are now under consideration. ! During the month estates worth I £G55.932 were reported and accepted for administration, so that the value i of estates reported in April and May ! | of this year shows an increase of 25 j ! per cent, over April and May last i year. The Public Trustee was appointed executor in 634 new wills deposited for safe custody with him by living tes- ! tators. bringing the total number now ! held to 63.748. with an estimated pres- | ent value of £255,000,000.
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Bibliographic details
Sun (Auckland), Volume III, Issue 702, 29 June 1929, Page 5
Word Count
152TRUST OFFICE’S WORK Sun (Auckland), Volume III, Issue 702, 29 June 1929, Page 5
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