Public Trust Office

Radio Record, Volume II, Issue 48, 14 June 1929, Page 15

Public Trust Office

A Record Year

LL previous records were broken by ~ the Public Trust Office in their operfor the year ending March: 31, last. ‘he value of estates under administration was returned as £48,334,790, a nett increase of more than £4,000,000 for the year. New estates accepted for administration during the year totalled £7,091,350-a striking proof of a growing desire on the part of the public to take advantage of the facilities offered by the Publie Trust Office for the conduct of trustee business. Further. wills are being deposited by the public at the rate of 500 to 600 every month, which indicates a remarkable confidence un the part of the public in the department. A feature of administration which appeals to testators is the right in appointing the Public Trustee their executor to have an advisory trustee or trustees associated with him in_the administration of their estates. This system is working admirably. The sum lent by the office during the year was £3,190,642. Several offices have been enlarged during the year, and continued effort directed to economic management. , The year’s profits amounted ta £29,467, which was satisfactory in view of the concessions in rates returned to the public. It ‘is not the policy of the office to seek large profits, but to return the advantage of efficient administration to clients, :