Public Trust

Radio Record, Volume III, Issue 6, 23 August 1929, Page 4

Public Trust

Charges Reduced HE Prime Minister (the Right Hon. Sir Joseph Ward) announces that important reductions in the charges made for legal and administration work performed" in ‘the Public Trust Office will take effect.as from July 1, 1929. ~ : "The work of the office," said Sir Joseph, "has shown a remarkable ex~pansion in recent years, as the following figures demonstrate :-In 1914 the value of estates under administration totalled £12,282,883; in 1919, £19,242,-

847; in 1924, £32,404,724; and lv2u, £48,334,790. . "On March 31, 1929, the business-ex-ceeded £48,000,000, representing almost a fourfold increase in the last fifteén years. . ; "Rvery effort is made to manage the office on an economical basis by the adoption of efficient methods of organisation and the application of business principles. As a result of the very gratifying increase in business, it is now found possible to grant further valuable concessions to clients. Valuable concessions are granted to borrowers of all classes, and speciallyreduced fees have been fixed in the ease of loans not exceeding £2000 on rural securities. It is felt» that the maximum benefit of reduction should be enjoyed by those classes in the community who are least able to afford payment of expensive fees."