48
TABLE XXII
OFFICIAL RECEIVER (IN BANKRUPTCY) ACCOUNT
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31st March, 1960
Dr.
RECEIPTS
To Balances as at 1st April, 1959:
Cash at Bank
Cash in Hand
---
IPI
-
Creditors' Deposita for preliminary expenses Creditors' Deposits for legal expenses
Realizations of assets of bankrupt estates Costs awarded to Official Receiver
J
75
"
•
Fee recovered...
+5
Interest on fixed deposits and bank account. Fixed Deposita cashed
Ct.
PAYMENTS
By Payments to Creditors:
---
$421,558.40
Preferential creditors
505.99 $422,064.39
Dividends to creditors
$ 13,677.49 134,919.41
2,800.00 5,136.50 283,445.46
..
JT
Expenses of administration of bankrupt estates Unclaimed dividends and assets transferred to Bankruptcy
$148,596.90 33,705.56
Estates Account
LAI
2,182,70
60.00
**
Official Receiver's Fees
14,790.68
25.00
"
Refunds of Deposita
300.00
---
17,364.12 164,500.00
**
Release to Bankrupts
125.79
Interest Tax
187.51
++
"
Ps
Unclaimed balances transferred to General Revenue Refund of sum overcollected in previous year
107.03
700.00
*3
Placed on Fixed Deposits
349,900.00
Balances as at 31st March, 1960 :
Cash at Bank
Cash in Hand
...
$344,709.32 89.98
344,799.30
$895,395.47
$895,395.47
STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST MARCH, 1960
LIABILITIES
Creditore deposits for preliminary expenses
Less expenses paid therefrom
Creditors' Deposits for legal expenses...
Less expenses paid therefrom
Costs awarded to Official Receiver Unclaimed dividends
Undistributed assets of bankrupt estates
ASSETS
$5,100.00
Fixed deposits
1,203.94 $ 3,896.06
$5,136,50
Advance Accounts
Balances as at 31st March, 1960:
953.65
4,182.85
870.00
Cash at Bank Cash in Hand
7,392.33
+
$559,900.00 329.74
•
$344,709.32 89.98
344,799.30
888,687.80
$905,029.04
Note: The above Statement includes only such assets of Bankrupt Estates as have been realized.
CERTIFICATE OF THE DIRECTOR OF AUDIT
R. H. MUNRO, Acting Registrar General, (Official Receiver), 10th August, 1960.
The above Statement of Assets and Liabilities and the accompanying Statement of Receipts and Payments have 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 Statements are correct, AUDIT DEPARTMENT,
Hong Kong, 22nd August, 1960.
W. J. D. COOPER,
Director of Audit.
$905,029.04