TABLE XXVI
THE CANTON TRUST AND COMMERCIAL BANK LIMITED (IN LIQUIDATION) COMPANIES LIQUIDATION (C.T.) ACCOUNT
(subject to audit)
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 1968 (WITH TOTALS FOR THE PERIOD 12TH MAY 1965 to 31st March 1968)
RECEIPTS
PAYMENTS
Year ended
Dr.
Cr.
KOMUNE DEPARTMEN
ANALGARY
Payments for preserva-
tion of assets:
Payments to complete purchases
Property Tax
Rates (less refunds
received)
Crown rent
Insurance of buildings and contents
Maintenance expenses
Expenses of petition and statement of affairs
Expenses of realization of assets:
On realization of
assets
$
31st March 1968
ww
Period from 12th May 1965 to 31st March 1968
775
$
247,269
56,151
170,989
1,024
12,451
29,231
362
12,451
32,066
$
74,885
58,766
$
546,650
46,946
Year ended
31st March 1968
Period from 12th May 1965 to 31st March 1968
Balances as at 31st
March 1967:
Cash in hand...
$
15,000
$
Balance of Companies
Liquidation (C.T.)
Account
339,793
Call deposits in name
of Official Receiver
500,000
Due by Receivers
under debentures
7,500
$ 862,293
Realization of Assets:
Cash and Bank
balances
Proceeds of
property
realized:
$10,400,081
91
Land and buildings Other fixed assets
Book debts collected... Stamp duty recovered
102,026
38,865
607,026
405,986
6,167,590
26,283,058
4,102
900
5,196
On recovery of book debts
26,244
28,903
Property rental received
6,308,481
113,706
37,700,253
27,144
34,099
250,870
Interest received:
On deposits at call
On book debts
17,263
316,543
285,208
856,202
On deposits re sale of property
Expenses of collection of book debts (recover- able from debtors)
Miscellaneous payments
(transferred to a
13,330
334,324
14,172
19,016
debtor's account
during the year)
(1.725)
347,978
1,160,426
Payments to creditors:
Disbursements recovered
Miscellaneous receipts
Collections for
beneficiaries of bills
for collection, etc.:
Sums collected
1,500
Less payments to beneficiaries
1,500
1,775
7,634,233
7.203
2,740
39,121,492
Preferential creditors...
-350-
82,370
Unsecured creditors
Rental deposits
refunded
2,310
Dividends paid
117,637
2,310
37,221,190
120,297
37,305,870
Drawings by Official
10,436
10,436
Receiver on account of fees...
255,900
1,051,887
Interest paid on loan
from Hong Kong
Government
526,644
1,449,247
Receipts (less payments)
Deposits received from
Licensees
held in suspense for
account of a debtor,
pending further action 1,756,801
Less sums placed on
special fixed deposit with bankers
Loans from Hong Kong Government:
Sums borrowed to make payments to creditors
Less sums repaid to date...
3,800
8,800
Expenses of Liquidation to date:
251,821
1,491,532
1,268,296
42,260,555
1,756,801
Expenditure recoverable from sales proceeds
of debtors' property...
87,594
87,594
1,730,210
1,730,210
Balances as at 31st March 1968:
26,591
26,591
Due by receivers
under debentures
70,000
70,000
Cash in hand
14,154
14,154
Balance of Companies
Liquidation (C.T.)
22,500,000
Account
224,580
224,580
Call deposits in name
5,500,000
18,500,000
of Official Receiver
500,000
500,000
(5,500,000)
$2,164,624
4,000,000
808,734
808,734
$43,156,883
$2,164,624
$43,156,883
{
TABLE XXVI—Contd.
STATEMENT OF ASSETS AND LIABILITIES as at 31st March 1968