ارس

70

INDUSTRY AND TRADE

Nevertheless, during the year 12 petitions in bankruptcies and 26 petitions for the winding up of companies were presented to the court, and the court made four receiving orders, two orders for the administration in bankruptcy of the estates of deceased debtors, and 21 orders for the winding up of companies. For many years past the Official Receiver has become trustee or liquidator in almost every case, and this was so again in 1968, during which the assets realized by the Official Receiver amounted to approximately $11,396,000. In addition to the foregoing compulsory windings up, 155 companies went into voluntary liquidation during the year, 147 by members' voluntary winding up and eight by creditors' voluntary winding up.

Share This Page