Dr.
TABLE XXVII
OFFICIAL RECEIVER (IN BANKRUPTCY) ACCOUNT STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 1969
(subject to audit)
RECEIPTS
Balance as at 1st April 1968:
Cash in hand
Cash at bank
Deposits for sundry purposes
Realization of bankrupt assets
$
10
Cr.
PAYMENTS
Payments to creditors:
484
450,266 $ 450,750
Preferential creditors Ordinary creditors
$ 29,442
271,395
$ 300,837
3,900
Expenses on administration of bankrupt estates
Refund of deposits for sundry purposes
249,513
2,915
1,161,329
Official Receiver's fees
46,257
106,915
Payments re The Ming Tak Bank:
Architect's fee
10,000
41,217
Minor construction and maintenance
Repayment of Government Loan
27,591
600,000
330,000
Interest on Government Loan
531,359
1,168,950
Transfer to revenue on release of trusteeship
4,489
Transfer to Bankruptcy Estates Account, Supreme Court.... Balance as at 31st March 1969:
24,147
Cash in hand
$
188
Cash at bank
296,815
297,003
$2,094,111
$2,094,111
Interest on Fixed Deposits and Deposits at Call Refund of deposits, rates, tax and maintenance fees, etc. due to The Ming Tak Bank Deposits encashed
STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST MARCH 1969
LIABILITIES
Creditors' Deposits for sundry purposes Less: expenses paid therefrom
S 22,175
Fixed Deposits
1,875 $
20,300
Deposits at Call
Sundry creditors
Unclaimed dividends
Undistributed assets of bankrupt estates
Loan from Government re The Ming Tak Bank
---
Less: repayment of capital
1,997
Sundry Debtors
...
106,106
1,988,629
Advance Account re The Ming Tak Bank
ASSETS
$ 1,670,000
150,000
29
10,076,401
Balance as at 31st March 1969:
Cash at bank
$296,815
Cash in hand
188
297,003
$10,038,000
600,000
9,438,000
94
638,401 10,076,401
$12,193,433
Registrar General, (Official Receiver).
25th June 1969.
$12,193,433
Notes: (1) The above statements include only such assets of Bankrupt Estates as have been realized.
(2) The advances to The Ming Tak Bank have been made out of moneys made available by way of loan (on mortgage or otherwise secured) by the Hong Kong Government and will be recovered on realization of the Bank's properties.
W. HUME,
Add: arrears of interest
M
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