Bona Vacantia
137. The sum of $3,558 was transferred to general revenue as bona vacantia under Section 277 of the Companies Ordinance upon com- panies being struck off the register under Section 276.
Fees
138. The Official Receiver's fees and commission charged during the year totalled $80,848 as follows:
Bankruptcy
$56,562
Companies Compulsory Liquidation
8,485
Companies Voluntary Liquidation (where the Official
Receiver acted as the Liquidator)
15,801
$80,848
The fees collected in a year are not a reliable index to the amount of work during that year, since by the nature of things they include fees in respect of work done in previous years and do not include many fees payable in respect of current cases.
PART IX
OFFICIAL TRUSTEE AND JUDICIAL TRUSTEE
Explanatory
139. The Official Trustee's functions are laid down in Part VII of the Trustee Ordinance (Cap. 29) and the Administration of Trust Fund Rules made under Section 76 of that Ordinance. The Judicial Trustee Rules, 1953, made under Section 64 of the Trustee Ordinance, provide that where an official of the Court is appointed Judicial Trustee, the Registrar General shall be so appointed unless for special reasons the Court directs that some other official of the Court be appointed.
Administration of Trusts
140. The number of trusts administered by the Official Trustee was reduced from eleven to ten by the closure of a trust consequent upon the beneficiary's attaining his majority and being paid out the capital held in trust for him during his minority.
141. As explained in last year's Report the funds of three charitable trusts had owing to the loss of all the Official Trustee's records during
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