HC Deb 15 July 1914 vol 64 cc1921-2
69. Mr. F. HALL (Dulwich)

asked what is the total amount of the investments at present held by the Public Trustee; by whom such investments are selected; and whether the control and management of these trust funds are subject to any audit or supervision by his Department?


The hon. Gentleman will find a series of detailed figures as to the property in the hands of the Public Trustee on page 12 of his Sixth General Report, Cd. paper 7343. Investments are selected on the advice of officers and professional advisers of the Public Trustee's Department, in consultation, as far as practicable, with those interested in the respective trusts. The accounts of all trusts are audited both by an internal auditor, and by the Comptroller and Auditor-General in a continuous day to day audit, acting under regulations issued by the Treasury. Periodical accounts of the transactions in every trust are also issued to the beneficiaries, not less than one a year.