approved by the Bureau, it was returned to Terminal who prepared vouchers in accordance with the list. The list and vouchers were then submitted to Colonial, which verified the name of the payee and amount of each voucher against the corresponding items on the list, countersigned the vouchers, and returned them to Terminal who mailed out the checks.
5. There was a total of 142 lists comprising 6,869 vouchers and the total of all 6,869 vouchers was $ 102,000.
6. Prior to July 18, 1939, there was a principal balance of $ 110,346.28. There were no receipts or disbursements of income subsequent to July 18, 1939. There were no receipts of principal subsequent to July 18, 1939. Disbursements subsequent to July 18, 1939 were limited for payment of the workmen's compensation checks. The last disbursement was made on September 7, 1945 at which time there was a balance of $ 8,087.99.
7. Colonial kept no record of the time spent in checking the lists nor was Colonial able to estimate the time consumed in rendering this service.
8. The account was in the nature of a custodian agency account.
9. The fair value of the compensable services rendered by Colonial to Terminal subsequent to July 18, 1939 is $ 1,500.
10. The last list of workmen's compensation vouchers was verified by Colonial on September 7, 1945, leaving a balance after payment of $ 8,087.99.
11. The balance of $ 8,087.99 was in the possession of Colonial as a credit in a bank account for ten years until, by order of court entered May 24, 1955, on stipulation of counsel, $ 3,087.99 of the balance was turned over to Terminal. The remaining $ 5,000 was, on April 25, 1955, orally directed by the court to be invested.
12. The Trustee of Terminal never requested that said fund be placed into an interest bearing account.
Conclusions of Law
1. There is owing by Terminal to Colonial the sum of $ 1,500 as the fair value of Colonial's compensable services during the period subsequent to July 18, 1939.
2. Terminal is not entitled to any recovery pursuant to its counterclaim.
3. Fidelity Trust Company, as successor to Colonial Trust Company, should be directed to pay to Terminal the balance remaining on deposit of $ 5,000 less $ 1,500 with any interest accrued on said balance subsequent to May 24, 1955.
An appropriate order is entered.
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