PUBLIC TRUST OFFICE.

Taihape Daily Times, Volume 7, Issue 243, 3 July 1915, Page 8

PUBLIC TRUST OFFICE.

The annual report of the Public I Trust Office was presented to the House lon Thursday. It shows that the net profis of last year amounted to £32,SOS, Vicing an increase of £3,2SG on those of the previous twelve months, and constituting a record in the history of the department. It is stated that salaries have been increased from £32,837 to £35,210. The legislation of 1912 and 1913 had largely increased the usefulness of the office. The public have availed themselves of it freely, and the result has been satisfactory to all concerned. At the beginning of the yoar, the common rate of interest was raised and the scale of charges reduced, with the result that charges received about £3,200 more in interest and paid £7OO less in fees. The financial .assisance afforded by the office had not I been curtailed by reason of the war, for since the outbreak a sum of £609,,947 had been lent to 208 borrowers.

j£13,528 FOE A PHOTOGRAPH. | At Featheratou on Thursday, a patI riotic concert was held hero in aid of the fund for wounded soldiers. An en Jlarged photograph of Trenthnm cemp ! was auctioned and realised the handsome sura of £18.528.

Messrs. W. Hume, Cfoorgo Hume, D. iT. S. lliddlford. J. O. Rid well. H. E Bid well. Georp;c rain, and Mrs. James Donald each bid £IOOO. There was a considerable number of £SOO offers. The photograph \vk<i eventually purchased by the Hon. Sir Walter Buchanan for £IOOO, ;is,l presented by him to the thfi Fcatherston libra rv.