the following breakdown of debts due at the commencement of the liquidation, it will be seen that whereas over 500 debts have now been repaid, no less than 1,828 remain to be dealt with:
Classification by
amount or nature of the debt
Number and Total
outstanding at
31st March 1968
Number and total amount of Debts as at 12th May 1965
No.
$
No.
$
Less than $2
123
120
:
$2 to $999
518
175,000
365
114,000
$1,000 to $4,999
687
1,787,000
499
1,029,000
$5,000 to $9,999
272
1,904,000
228
1,288,000
$10,000 to $19,999
181
2,584,000 148
1,555,000
$20,000 to $49,999
206
6,461,000
169
4,213,000
Exceeding $50,000
273
131,742,000
245
108,994,000
Staff Housing Loans ($50,000
and Over) on long terms
49
2,281,000
47
2,118,000
Special Accounts not neces-
sarily representing recover- able debts
37
1,153,000
7
657,000
Insurance accounts omitted from Statement of Affairs...
8,000
2,346
$148,087,000 1,828
$119,976,000
122. From the above it will be evident that there is still a very long way to go and that there is no prospect of the liquidation being com- pleted or even of a further dividend being paid for a considerable time.
123. It is appropriate once again to pay special tribute to the four members of the Committee of Inspection for the tremendous amount of time they have given to, and for the valuable advice and assistance they have rendered in connection with the many difficult and complex matters with which they have been faced at the monthly committee meetings. Appreciation should also be recorded of the services rendered by the firm of chartered accountants appointed by the Liquidator to assist him in this liquidation.
124. The special investigation unit set up to investigate certain aspects of this case completed its move to the United Chinese Bank Building and is now fully operative there. This building now houses most of the bank's records.
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