Public Trust Business

The following particulars of the loan transactions of the Public Trust Office and new business reported during the month ended 31st December, 1928, have been supplied by the Prime Minister (the Right Hon. Sir Joseph Ward):—

“The amount paid out in settlement of new loans was £153,851 3s. 3d. Further new loans were granted to the amount of £91,794, and the total of new loans now awaiting completion is £426,070, while offers of loans less than the full amounts applied for amount to £147,146—a total of £573,216. Applications for additional new loans amounting to £303,549 are now under consideration. Notwithstanding the intervention of the Christmas holidays, estates of a value of £333,128 were reported and accepted for administration during the month. On 31st March, 1928, the total value of the estates under administration was £44,155,548, and the new business for the nine months ended 31st December last (£5,012,644) exceeded that of the same period for the previous year by £457,592. Some 484 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 is 61,624, representing an estimated present value of £241,800,000.”

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