PUBLIC TRUST OFFICE

Dominion, Volume 22, Issue 175, 20 April 1929, Page 11

PUBLIC TRUST OFFICE

BUSINESS DURING MARCH The following particulars of the loan transactions of the Public Trust Office and new business reported during the month ended March 31, have-been supplied by the Prime Minister, (Right Hon. Sir Joseph Ward) The amount paid out in settlement of new loans was £124,864. Further new loans were granted to the amount of £70,045, and the total of new loans now awaiting completion Is £380,341, while offers of loans less than the full amounts applied for amount to £85,517 —a total of £465,858. Renewals of 42 loans amounting to £242,660 were also authorised. Applications for additional new loans amounting to £256,723 are now under consideration. Estates of a value of £849,313 were reported and accepted for administration during the month. On March 31, 1928, the total value of the estates under administration was £44,155,548, and the new business for the twelve months ended March 31 last amounted to £7,091,350. Although the new business for the twelve months ended March 31, 1928, was greater than that of any previous year, the figure for that year has been exceeded by those of the year just closed, to the extent of £579.422. j , Grants of administration made by the Court in favour of the Public Trustee numbered 129 for the month.. During the month 517 new wills appointing the Public Trustee executor were deposited for safe custody with the Public Trustee by living testators, and the total number now held Is 62.841 representing an estimated present value of £251,000,000.