PUBLIC TRUST AFFAIRS

Sun (Auckland), Volume III, Issue 748, 22 August 1929, Page 10

PUBLIC TRUST AFFAIRS

STATEMENT FOR JULY A statement giving particulars of the loan transactions and the new business undertaken by the Public T l 1 ust «P S 5 ce for the month ending July 31, has been released bv the ?” m ® Minister, the Rt. Hon. Sir Joseph ard. It is stated that loans completed £slS i 2l - making a total of ~ 1,606,839 completed since the beginning of last April. Further new loans were granted to the amount of £369,045. making thpanted, but not yet paid', =-0b4,0 .. while offers of loans less than the lull amounts applied r or £685 334 t 0 ~ 121 ’ 007 ’ a total ‘of x- ?\^> n -a^ als OI 42 ?oans amounting to ~2 9_, 4 90 were also authorised, while animations for additional new loar« to £266,594 are now und"r consideration. Estates of a value of £771 271 were and accepted for administrate during the month. At the end of total value of the estates under administration was £4S 334 799 and the new business for the four months ended Julv 31, was -*-* 3 149 v— o Which is £789,507 in excess of the figure of the same period for the preJ ear. Grants of administraL° n by the court in favour of the Public Trustee numbered 111 for the month. During the month 641 new wills Y re rA e P OS for safe custody with the Public Trustee by living testators f-F5 Jk,- to “ ! cumber now held in tne Public Trust Office is 64 65° representing an estimated present value of over £238.000.000.