Dr.
TABLE XXVIII
COMPANIES LIQUIDATION ACCOUNT
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 1970
(subject to audit)
Cr.
RECEIPTS
PAYMENTS
Balance as at 1st April 1969:
Cash in hand
$
213
Cash at bank
412,178
$ 412,391
Dividends or returns of capital to creditors and shareholders of Companies in Voluntary Liquidation Interest on investments (in Voluntary Liquidation) paid to Liquidators
$
1,160
194
Unclaimed dividends and returns of capital received from Companies in Voluntary Liquidation
Payment to creditors of Companies in Compulsory
23,712
Liquidation:
Realization of assets of Companies in Compulsory
Preferential creditors
$112,833
Liquidation
832,205
Ordinary creditors
---
329,704
442,537
Deposits for sundry purposes
Transfers from Companies Liquidation (C.T.) Account
5,700
493,600
Interest on investments and deposits at bank:
General Liquidation Account
$ 81,598
Peony House West Block Ltd.
10,355
Liquidation
Crown Rent
Grand Hotel Ltd.
10,388
Oriental Mercantile Co. Ltd.
2,337
North China Daily News & Herald Ltd. Vaughan & Yung Engineering Co. Ltd. Yick Fat Land Investment Co. Ltd.
201
13,559
27,456
145,894
Unclaimed balances and dividends
Deposits encashed:
Fixed Deposits
Deposits at Call
Return to contributories: Yick Fat Investment Co., Ltd.
Sundry liquidation expenses of Companies in Compulsory
Refund of deposits for sundry purposes
Official Receiver's fees & commission
Transfer to revenue:
Interest on investments
Accountant's fees:
915,567
92,968
78
4,800
60,647
$ 81,598
5,366
86,964
$ 300,000 1,010,000
Canton Trust Account
$458,600
1,310,000
Other Companies in Liquidation
2,450
461,050
Professional auditor's fees (Canton Trust Account) Amount placed on Fixed Deposits:
35,000
re Vaughan & Yung Engineering Co., Ltd.
Man Nin Gourmet, Ltd..
$363,559
25,000
$3,223,502
Fung Keong Rubber Manufacturing Ltd. The N.T. Graphite Mining Co., Ltd. Tai Shing Film Co., Ltd.
Amount placed on Deposits at Call:
re Grand Hotel Ltd.
Sun Fat Co., Ltd.
Balance as at 31st March 1970:
Cash in hand
Cash at bank
70,000
IIL
27,000
215,000
700,559
$ 60,000
75,000
135,000
S
295
286,683
286,978
$3,223,502
STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST MARCH 1970
LIABILITIES
ASSETS
Voluntary Liquidations: Unclaimed returns/dividends
$ 316,531
Undistributed Assets
Compulsory Liquidations: Unclaimed dividends Undistributed Assets
Deposit for sundry purposes Less expenses therefrom
179,091 $ 495,622
Investment re North China Daily News & Herald Ltd.: £393.19.11 31% War Loan 1952 or after (book value) Deposit with Joint Miscellaneous Funds £50,000 Fixed Deposits:
$
3,857
727,272
re Oriental Mercantile Co., Ltd.
$ 44,000
$
46,077 2,081,574 2,127,651
Fung Keong Rubber Manufacturing Ltd.
70,000
The N.T. Graphite Mining Co., Ltd.
27,000
Tai Shing Film Co., Ltd.
215,000
Man Nin Gourmet Ltd.
25,000
S 25,515
Vaughan & Yung Engineering Co., Ltd...
363,559
744,559
5,699
19,816
Deposits at Call:
re Grand Hotel Ltd
$260,000
Peony House West Block Ltd
245,000
Sun Fat Co., Ltd
Others
---
Advance Account
75,000
300,000
880,000
423
94
Balance as at 31st March 1970:
Cash in hand
Cash at bank
$ 295
286,683
$2,643,089
286,978
$2,643,089
W. HUME,
Registrar General, (Official Receiver). 5th June 1970.
Notes: (1) The above statement includes only such assets of Companies in Compulsory Liquidation as have been realized.
(2) 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 1970 was as follows: £393.19.11 34% War Loan, 1952 or after
@421
$2,436
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