8.—9,

i 930. NEW ZEALAND

PUBLIC TRUST OFFICE (REPORT OF THE) FOR THE YEAR ENDED 31st MARCH, 1930.

Presented to both Bouses of the General Assembly in accordance with Section 47 of the Public Trust Office Amendment Act, 1913.

Pursuant to section 47 of the Public Trust Office Amendment Act, 1913, 1 have the honour to lay before Parliament the attached report on the work of the Public Trust Office for the year ended 31st March, 1930. 1. The new business reported for the last year constitutes a further record for the Office. During that period 3,845 new estates and funds of a total value of £8,473,916 were accepted for administration, as compared with 3,508 estates and funds to the value of £7,091,350 accepted during the year preceding. This is the first occasion upon which the new business for any one year has exceeded £8,000,000. The value of estates and funds under administration on the 3.lst March, 1929, was £48,334,790, whilst the corresponding figure at the end of the year just past was £53,049,437 —an increase of approximately £5,000,000 for the year. The average annual increase in the total value of estates and funds under administration has been over £3,000,000 for the past eight years ; the increase for the year ended 31st March, 1929, was over £4,000,000, whilst a new mark has been set for the year just ended by the increase of nearly £5,000,000. The following table shows the growth of business conducted by the Public Trust Office for the past twenty-five years : — Value of Estates and Funds under Administration. Year. £ 1905 . . . . . . . . . . .. 3,577,355 1910.. .. .. .. .. .. 7,358,947 1915.. .. .. .. .. .. 13,580,936 1920.. .. .. .. .. .. 20,860,686 1925.. .. .. .. .. .. 35,570.642 1930.. .. .. .. .. .. 53,049,437 The figures for the new business accepted for the past seven years are impressive, and show a steady and consistent growth. They are Year ended Business. 31st March. £ 1924 .. .. .. .. .. ..3,781,155 1925 .. .. .. .. .. .. 4,621,869 1926 .. .. .. .. .. .. 4,651,447 1927 .. .. .. .. .. .. 5,551,019 1928 .. .. .. .. .. 6,511,928 1929 .. .. .. .. .. .. 7,091,350 1930 .. .. .. .. .. .. 8,473,916 £40,682.684