PUBLIC TRUST OFFICE.

Wairarapa Daily Times, 22 August 1929, Page 2

PUBLIC TRUST OFFICE.

The following particulars of the loan transactions and the new business of the Public Trust Office reported during the month ended July hi, 1929, have

been supplied by the Eight Hon. the Prime Minister:—The loans completed during the month amounted to £518,421, making a total of £1,006,839 completed since April 1 last. Further new loans were granted to the amount of £369,045, making 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 £4S,334,790 and the new business for the four months ended July 31, 1929, was £3,149,870, which is £769,507 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 111 for the month. During the month, 641 new wills appointing the Public Trustee executor wer6 deposited for safe custody with the Public Trustee by living testators, and the total number now held in the Public Trust Office is 64,652, representing an estimated value of over £258,000,000.