PUBLIC TRUST OFFICE

Alexandra Herald and Central Otago Gazette, Issue 1630, 11 April 1928, Page 5

PUBLIC TRUST OFFICE

BUSINESS FOR FEBRUARY Particulars of the loan transactions of the Public Trust Office and new business reported during the month ended 29th February, 1928, are supplied by the Prime Minister (the Right Hon. J. G. Coates). New loans totalling £142,795 were completed, making a total of £2,296,267 for the eleven months of the financial year commencing on the Ist April last. Further new loans granted amounted to £97,389, making the total of new loans awaiting settlement £650,857. 11l addition, offers of amounts less than the full advances applied for have been made to the extent of £232,376, making the grand total of loans not yet completed £883,233. New loan applications received and at present under consideration amount to £328,840. The amount of new business for the month was again very gratifying. New estates and funds to the" value of £513,560 were accepted for administration during. the month, making the total of new business for the eleven .months from Ist April last £5,923,095, an increase of £908,286 over the Corresponding period of the previous -financial year. The total" value of estates and funds under administration on the Ist April, 1927, was £41,043,523. .Four'"''hundred and forty-nine new wills appointing the Public Trustee executor were deposited , ; bv testators during the month for safe custody, 'the total now held being j>7,519.