COMMERCIAL.

Grey River Argus, 27 February 1928, Page 8

COMMERCIAL.

Public Trust Office STATEMENT FOR JANUARY. The following particulars of the loan transactions of the Public Trust Office end new business reported during the month ended 31st January. 1928, have been supplied by the Right Hon. the Prime Minister. The amount paid out in settlement of new loans was £80,603, making a total of £2, 153, 472 since the beginning of the present financial year on Ist April last. Further new loans to the amount of £57,620 were granted, making the total !of new loans awaiting settlement £627 344, while offers of loans less than the full advances applied for amount to £167,903 —a grand total of £795,237 Applications for additional new loans amounting to £434.316 are now under consideration.

The new business for the month was extraordinarily good and its volume has not previouely been equalled. Estat?;-, and funds were reported to the value of £854,483, making the total new business for the ten months from Ist April last £5,409,535. This shows an increase over the corresponding period for the previous year of £1,244,485. On the Ist April 1927, the total value of estates and funds under administration was £41,043,523,

New wills deposited for safe custody by testators appointing the Public Trustee their executor numbered 418, and the total now held is 57,248. AUSTRALIAN TREATY. CANADIAN OBJECTIONS. VICTORIA (8.C.), February 23. Mr C. F. Davie (Conservative) attacked the Australian Treaty in the Provincial Legislature. He said ’ it might be of value to pulp paper manufacturers, but when it permitted agricultural competitors to place products on the British Columbia market duty free, it was of no benefit to farmers. OTPAWA. February 23.

Speaking to the Conservative amendment to the Budget, General J. A. Clark (Vancouver), argued that Canada, lost 20 millions in trade as the result of treaties with Australia and other countries. He believed in every case, except two, the treaties had a detrimental effect upon the fav ouiite trade balance in Canada. In th” case of Australia, imports had fallen over two millions and exports rose over a, million, thereby decreasing the favourable trade balance by three and a half millions. In the case of New Zealand, imports have risen two millions, ami exports fallen by thro-' ami a half millions, decreasing traile balance by four and a half mil-