:
49
Dr .
TABLE XXIII
COMPANIES LIQUIDATION ACCOUNT
STATEMENT OF Receipts AND PAYMENTS FOR THE YEAR ENDED 31st March, 1960
Cr.
RECEIPTS
PAYMENTS
To Balances as at 1st April, 1959:
Cash at Bank
$114,464,22
Cash in Hand
26.85 $ 114,491,07
By Sundry Liquidation expenses of Companies in
Voluntary Liquidation..... Dividends or returns
---
14
Undistributed assets of Companies in Voluntary
Liquidation
---
3,547.95
Unclaimed dividends or returns of capital of Com-
panies in Voluntary Liquidation
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
65.68
38,992.61
10,012.50
**
Realizations of assets of Companies in Compulsory
Sundry Liquidation expenses for Companies in Com-
pulsory Liquidation
---
214.46
---
12,208.85
Liquidation
153,487.66
>
D
Received as Provisional Liquidator of Tak Ming Co.,
Ltd. pending Hearing of Petition
ITI
11,955.50
---
Proceeds of redemption of £55,000 3% War Loan,
1955/59
880,000.00
Fixed Deposits cashed (for Maryland Textile
Co.,
(H.K.) Ltd.
14
19
Withdrawn from deposit with Joint Misc. Fund
44
*
Interest on investments, bank account and fixed deposits Other receipts
200,000,00 480,000.00 51,047.13
1.42
37
Payments to creditors of Companies in Compulsory
Liquidation:
Preferential creditors
Dividends to creditors
Advanced to Special Manager of Tak Ming Co., Ltd. Sundry expenses relating to Tak Ming Co., Ltd. Refunds of contributions towards legal expenses of
Companies in Compulsory Liquidation Official Receiver's Fees and Commission
-
---
$ 47,738.14 185,725.50
233,463.64
10,000.00
---
456.80
778.00
24,861.70
37
Placed on Fixed Deposit (for North China Steamship
(H.K.) Ltd.
20,000.00
::
*7
Placed on Deposit with Joint Miscellaneous Fund Interest Tax
880,000.00
2
Other payments
312.50 4,391.10
Transferred to General Revenue:
"
Accrued interest
$ 45,946.03
Profit on redemption of £55,000
3% War Loan, 1955/59 Unclaimed balances
15,700.80 414,724,94
476,371.77
"
Balances as at 31st March, 1960:
Cash at Bank
$202,376.93
Cash in Hand
47.19
202,426.12
$1,904,543.23
$1,904,543.23
i