PAYMENTS
$
246,495.00
41,312.00
Dr.
TABLE XXIV
THE CANTON TRUST AND COMMERCIAL BANK LIMITED (IN LIQUIDATION)
COMPANIES LIQUIDATION (C.T.) ACCOUNT
(subject to audit)
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE PERIOD From 12th May 1965 to 31ST MARCH 1966
RECEIPTS
By Payments for preservation of assets:
Payments to complete pur- chases
Property Tax
Rates
+
To Realizations of assets: Cash and Bank balances Proceeds of property realized... Book debts collected
$10,399,533.06
283,705.19
12,186,269.37 $22,869,507.62
82
Cr.
68,177.74
$39,256,181.86
Property rental received..
Crown Rent
334.79
-
57,805.35
Maintenance expenses
10,588.00 $ 366,907.53
Interest received:
53
On deposits at call
On book debts...
Disbursements recovered
$ 226,988.42
Expenses of petition and statement of affairs...
46,946.20
88,853.64
59
:
55
Miscellaneous receipts
315,842.06
9,596.15
714.83
55
Expenses of realization of assets
1,707.70
Expenses of collection of book debts (recoverable from debtors)
6,121.70
Miscellaneous payments
1,724.80
b)
Collections for beneficiaries of bills for collection:
Sums collected...
Less payments to beneficiaries
Loans from Hong Kong Govern- ment:
Sums borrowed to make pay- ments to creditors
Less sums repaid
$22,500,000.00
Payments to creditors:
Preferential creditors
...
77,118.34
$
8,936.85
6,221.00
2,715.85
Dividends to unsecured credi-
tors
37,070,268.50 37,147,386.84
Drawings by Official Receiver on account of fees
427,400.00
11
,, Expenses of Liquidation
Balances as at 31st March 1966:
>>
Cash at Bank
Cash in Hand
955,886.54
292,100.55
10,000.00
302,100.55
--
6,500,000.00 16,000,000.00
$39,256,181.86
TABLE XXIV—Contd.
STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST MARCH 1966