THE PUBLIC TRUST
DECEMBER BUSINESS. The following particulars of the loan transactions of the Public Trust Office and new business reported during the month ended 31st December, 1927, have been supplied by the Prime Minister (the Right Hon. J. G. Coates): —The amount paid out in settlement of new loans was £267,529, making a total of £2,072,869 since the beginning of the present financial year on Ist April last. Further new loans to the amount of £56,850 were granted making the total .of new loans awaiting settlement £589,359, while, offers of loans less than the full advances applied for amount to £117,441, a grand total of £706,800. Applications for additional new loans amounting to £524,404 are now under consideration.
Considering the intervention of the Christmas holidays during the month under revieAV, the amount of new business was very satisfactory, estates of a value, of £414,044 having been accepted for adminJstration. This brings the total new business for the nine moifths from Ist April last ‘to £4,555,052. The total business on hand on Ist April, 1927, amounted to £41,043,523.
New wills deposited for safe custody by testators appointing the Public Trustee their executor numbered 448, and the total now (held is 56,922.
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Northern Advocate, 4 February 1928, Page 3
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201THE PUBLIC TRUST Northern Advocate, 4 February 1928, Page 3
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