PUBLIC TRUST OFFICE

Southland Times, Issue 20887, 24 September 1929, Page 11

PUBLIC TRUST OFFICE

STATEMENT FOR AUGUST. The following particulars of the loan transactions and the new business reported during the month ended August 31, 1929, have been supplied by the Right Hon. the Prime Minister: — The loans completed during the month amounted to £427,251, making a total of £2,034,090 completed since April 1 last. Further new loans were granted to the amount of £287,125, making the total loans granted, but not yet paid, £581,030, while offers of loans less than the full amounts applied for amount to £77,344, a total of £588,374. Renewals of 38 loans amounting to £177,458 were also authorized. Applications for additional new loans amounting to £442,939 are now under consideration. Es-

tates of a value of £022,081 were reported and accepted for administration during the month. On March 31 last the total value of the estates under administration was £48,334,790 and the new business for the five months ended August 31, 1929, was £3,771,951, which is £797,448 in excess of the figure of the same period for the previous year. Grants of administration made by the Court in favour of the Public Trustee numbered 197 for the month. During the month 631 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 in the Public Trust Office is 65,191, representing an estimated present value of over £260,000,000.