31
Dr.
TABLE XVII
COMPANIES LIQUIDATION ACCOUNT
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH, 1959
G.
RECEIPTS
PAYMENTS
To Balance as at Ist April, 1958:
Cash at Bank
$425,767.64
Cash in Hand
38.85
$425,806.49
"
17
--
Undistributed Assets of Companies in Voluntary
Liquidation
2,846.98
•
"
Unclaimed dividends or returns of capital of Com-
panies in Voluntary Liquidation
22,849.96
Liquidation
20
Other receipts
23
J
,, Reimbursement of advance
Realizations of Assets of Companies in Compulsory
Interest on investments, bank account and deposits...
16.00
7,819.21 99.20 46,336.66
FI
By Sundry Liquidation expenses of Companies in
Voluntary Liquidation...
Dividends and returns of Capital to Creditors and
Shareholders of Companies in Voluntary Liquidation Interest on investment for North China Daily News & Herald, Ltd. (in Voluntary Liquidation) paid to Liquidators
,, Sundry Liquidation expenses for Companies in Com.
pulsory Liquidation
Dividends to Creditors in Compulsory Liquidations...
Official Receiver's Fees and Commission
85.27
51,919.73
"
Placed on Fixed Deposits...
214.46
20,006.71
21,475.91
3,343.13
200,000,00
Transfers to Revenue:
Accrued interest
Unclaimed monies
$ 43.741.00
50,497.22
94,238.22
D
Balance as at 31st March, 1959:
Cash at Bank
$114,464.22
Cash in Hand
26.85 114,491.07
$505,774.50
$505,774.50
COMPANIES LIQUIDATION ACCOUNT
STATEMENT OF ASSETS AND LIABILITIES as at 31st March, 1959
LIABILITIES
ASSETS
Voluntary Liquidations:
Investments (General):
Unclaimed returns/dividends
$1,095,084.25
Undistributed assets
137,068.63 $1,232,152.08
£20,000 3% Savings Bonds, 1955/65
(at cost)
$321,324.93
Compulsory Liquidations:
Unclaimed dividends
Undistributed assets
19,585.31 252,744.86
272,330.17
£55,000 3% War Loan, 1955/59
(at cost)
Investment (North China Daily News & Herald, Ltd.):
£393.19.11. 34% War Loan, 1952 or after (at cost)... Fixed Deposits: (Maryland Textile Co. (H.K., Ltd.)
Advance Account
Balance as at 31st March, 1959:
864,299.20 $1,185,624.13
4,243.35
200,000.00
124.50
1
$1,504,483.05
Cash at Bank Cash in Hand
•
$114,464.22 26.85
114,491.07
$1,504,483.05
Note: 1. Market value of investments at 31st March, 1959:
£20,000 3% Savings Bonds, 1955/65 £55,000 3% War Loan, 1955/59 £393.19.11d. 34% War Loan, 1952 or after
=
924
$296,000.00 1001xd $884,400.00 674 = $ 4,255.15
2. The above Statement includes only such assets of Companies in Compulsory Liquidation as have been realized.
V. K. THOMSON, Registrar General, (Official Receiver). 23rd July, 1959.
The above Statement of account has been examined in accordance with Colonial Regulation No. 257. I have obtained all the information and explanations that I have required, and I certify, as a result of this audit. that in my opinion the Statement is correct.
AUDIT DEPARTMENT,
Hong Kong, 30th July, 1959.
F. E. L. CARTER, Director of Audit,