PUBLIC TRUST OFFICE

Otautau Standard and Wallace County Chronicle, Volume XXIV, Issue 1218, 30 April 1929, Page 3

PUBLIC TRUST OFFICE

BUSINESS, DURING •MARCH,

The following particulars of the loah transactions of the Public Trust Officje' and new business reported during the month ended 31st March, 1929, have been supplied by the Prime Minister, the right Hon. Sir r J. G. Ward :— The amount paid out m settlement' of new loans was; £1J24',864. Further* new loans were^granted* to the amount of £70,0.5, and the v total of new' loans now, aWaitirig completion is; £380,341', while offers of loans less than the full amounts applied for ' amount to £85|£17— a total of £465-858. ,A ' ; ; Renewals of 42 loans amounting to I £242,660 were ;alsp authorised; t : Applications ; for new lioans amounting tb £256,723 are npW under consideration^ Estates of a value: of £849,313 were reportedand accepted for administration durfng tlie month; On *31st March

1928, the total value of,, the estates under administration was £44,155,548, and the new business for the twejve months ended 31st March last amounted to £7,091,350. Although the newbusiness for the twelve months ended 31st March, 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. Grants of administration made by the Court m favour of the Public Trustee numbered 129 fpr 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 a value of £251,---000,000. •.