A RECORD YEAR.
I'L'BI.JC TRUST OFFIf It
NET IMI 01’ IT OF ITShKn
(Press Association. >
W FLUX TON, May 31
Sir Joseph Yard giuc a lengthy .statement to-thtv covering the operalions of the Public Trust office for the year ending Aiarelt til. The business transacted exceeded all previous records, the increase being uvcj CIJKK),OOD in the net value t f v states. T:h s was the first lime it bad exceeded that figure. The increase was accounted for by Hie great volume of new business, estate* representing a total va. no of £7,091.000 having been accepted for administration, the largest: volume ot new business ever written i n the hooks.
According to rt statement by the Prime A 1 inis Lor, the net profits of the Public Trust Oflice fur the year were :C2!),-lt>7, not withstand ng expense.* concessions to clients. 'I lie new business was greater than the total value of ail estates in its charge twenty-five years ago, the value' now being £-18,33-1,71)0.
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Bibliographic details
Gisborne Times, Volume LXIX, Issue 10912, 1 June 1929, Page 3
Word Count
165A RECORD YEAR. Gisborne Times, Volume LXIX, Issue 10912, 1 June 1929, Page 3
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