TABLE XXVIII
COMPANIES LIQUIDATION ACCOUNT
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 1969
(subject to audit)
Cr.
RECEIPTS
Balance as at 1st April, 1968:
Cash in hand
Cash at bank
$
Unclaimed dividends and returns of capital received from Companies in Voluntary Liquidation
35
386,677
$ 386,712
Interest on investments paid to Liquidators...
31,249
Realization of assets of Companies in Compulsory
Liquidation
1,117,458
Deposits for sundry purposes
Transfers from Companies Liquidation (C.T.) Account
7,500
356,200
PAYMENTS
Dividends or returns of capital to creditors and shareholders
of Companies in Voluntary Liquidation
Payment to creditors of Companies in Compulsory Liquidation:
Preferential creditors
Ordinary creditors
ITT
Payment to receivers under debentures
Sundry liquidation expenses of Companies in Compulsory
$
1,449
1,349
Interest on investments and deposits at bank:
Liquidation
General Liquidation Account
$113,092
Premium and Crown Rent
Peony House West Block Ltd.
12,329
Refund of deposits for sundry purposes
Grand Hotel Ltd.
13,204
Official Receiver's fees & commission
Oriental Mercantile Co. Ltd.
1,169
Transfer to revenue:
North China Daily News & Herald Ltd.
200
139,994
Interest on investments
Miscellaneous
2
$290,982
63,375
354,357
14,466
100,033
4,868
4,420
54,113
$113,092
10,070
123,162
15
95
---
Unclaimed balances and dividends
Transfer to Registrar General's Department Headquarters... Accountant's fees:
Canton Trust Account
Other Companies in Liquidation
Auditor's fees
Amount placed on Deposit at Call (General Liquidation Account)
$ 252,200
6,565
258,765
93,000
200,000
Amount placed on Fixed Deposits:
General Liquidation Account
$ 300,000
Oriental Mercantile Co. Ltd.
44,000
344,000
Transfer to Joint Miscellaneous Funds £5,000
72,727
Balance as at 31st March 1969;
Cash in hand
213
412,178
412,391
$2,039,115
$2,039,115
Cash at bank
STATEMENT OF ASSETS AND LIABILITIES as at 31st MARCH 1969
LIABILITIES
Voluntary Liquidations:
Unclaimed returns/dividends
Undistributed Assets
Compulsory Liquidations: Unclaimed dividends Undistributed Assets
Deposit for sundry purposes Less expenses therefrom
$305,043
165,730
$ 470,773
27,227 2,726,905 2,754,132
24,494
5,775
18,719
$3,243,624
ASSETS
Investment re North China Daily News & Herald Ltd.: £393.19.11 31% War Loan 1952 or after (at cost) Deposit with Joint Miscellaneous Funds £50,000 Fixed Deposits:
General Liquidation Account
Oriental Mercantile Co. Ltd.
General Liquidation Account
Deposits at Call:
Peony House West Block Ltd. Grand Hotel Ltd.
Advance Account
Balance as at 31st March 1969:
Cash in hand
Cash at bank
S
L
$
3,857
727,272
$ 300,000
44,000
344,000
1,310,000
245,000
200,000
1,755,000
717
1,104
213
412,178
412,391
$3,243,624
W. HUME,
Registrar General,
(Official Receiver). 25th June 1969.
Notes: (1) The above statement includes only such assets of Companies in Compulsory Liquidation as have been realized.
(2) Except for certain administrative expenses, the figures given in the above statement exclude transactions relating to the Canton Trust & Commercial Bank Ltd., for which a separate statement has been prepared. (3) The market value of the investment as at 31st March 1969 was as follows: £393.19,11 34% War Loan, 1952 or after
++
@421
-
$2,436