In Re New Jersey Title Guarantee Trust Co.

This matter came before me on an application of the Commissioner of Banking and Insurance to appraise the underlying assets securing the guaranteed first mortgage participation certificates of The New Jersey Title Guarantee and Trust Company, in liquidation. The application was made pursuant to a decree of this court dated February 18th, 1941, whereby the Commissioner of Banking and Insurance was directed to make application to this court for the appraisal and valuation of the bonds and mortgages held in special deposit, as of February 14th, 1939.

In the opinion which I filed on March 25th,…