from the Companies Liquidation (C.T.) Account. The assets held at the end of the year totalled $2,643,089, excluding $6,082,397 in the Canton Trust liquidation.
133. Section 285 of the Companies Ordinance provides that if, where a company is being wound up, a liquidator has in his hands or under his control any money representing unclaimed or undistributed assets of the company which have remained unclaimed or undistributed for six months after the date of their receipt, the liquidator shall forthwith pay the money into the Companies Liquidation Account. Sums totalling $23,712 were received from liquidators in voluntary liquidations in respect of undistributed or unclaimed assets, and sums totalling $1,160 were returned to liquidators or paid to creditors and shareholders who established their right thereto. At the end of the year unclaimed dividends and returns of capital amounting to $316,531 in respect of voluntary liquidations and $46,077 in respect of compulsory liquida- tions were still held in the Companies Liquidation Account.
Fees
134. The Official Receiver's fees and commission charged during the year totalled $87,033 as follows:
Bankruptcy
Companies Liquidation
$26,386
60,647
$87,033
1
This was some $13,337 less than in the previous year. The fees collected in a year are not a reliable index to the amount of work during that year, for by the nature of things they include fees in respect of work done in previous years and do not include many fees payable in respect of current cases.
Explanatory
135.
PART VII
OFFICIAL TRUSTEE, JUDICIAL TRUSTEE AND OFFICIAL SOLICITOR IN LUNACY
The Official Trustee's functions are laid down in Part VII of the Trustee Ordinance and the Administration of Trust Fund Rules made under Section 76 of that Ordinance. The Judicial Trustee Rules,
42