PUBLIC TRUST OFFICE

Wanganui Chronicle, Volume 72, Issue 199, 22 August 1929, Page 9

PUBLIC TRUST OFFICE

STATEMENT FOR JULY, 1929 The following particulars of the loan transactions and the new business reported during the month ended July 31, 1929, have been supplied by the Right Hon. the Primo Minister. The loans completed during the month amounted to £518,421, making a total of £1,606,839 completed since the Ist. April last.

I'ferther new loans were granted to the total loans granted, but not yet paid £564,327, while offers of loans less than the full amounts applied for amount to £121,007, a total of £685,334. Renewals of 42 loans amounting to £192,790 were also authorised. Applications for additional new loans amounting to £266,594 are now under consideration.

Estates of a value of £771,271 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 four months ended July 31, 1929, was £3,149,870, which is £760,507 in excess of the figure of the same period for the previous year.

Grants of administration by the Court in favour of the Public Trustee numbered 111 for the month.

During the month 641 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 64,682, representing an estimated present value of over £258,000,000.