Dr.
TABLE XXIX
OFFICIAL TRUSTEE ACCOUNT
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 1970
(subject to audit)
Cr.
804
368
$ 2,648
334
2,982
585
275,920
5,498
RECEIPTS
PAYMENTS
Bank Balance as at 1st April 1969 Interest on Deposits and Savings Accounts Dividends or Interest on Other Investments Proceeds from sales of shares:
5,818
Payments to beneficiaries from Income Account
4,782
Administrative expenses
9,580
Transfer to the Official Administrator,
Supreme Court:
352 shares in The Hongkong & Shanghai Banking Corporation @232–234
Lindsay Trust Capital Account
$81,034
Lindsay Trust Income Account
-
700 shares in The Hongkong Land Investment & Agency Co., Ltd. @ 86
59,463
Official Trustee's Costs and Commission
1,560 shares in The Hongkong Electric Co., Ltd. @ 37.50
57,773
Purchase of £24,950 54% Funding Stock 1978/80 Bank Balance as at 31st March 1970
1,690 shares in The Hongkong Telephone Co., Ltd. @ 30.75-31
51,489
249,759
Deposits at Call encashed
3,200
Transfer from Savings Accounts
13,018
95
$286,157
STATEMENT OF ASSETS AND LIABILITIES AS AT MARCH 1970
$286,157
LIABILITIES
Trust Funds-Capital Account Trust Funds-Income Account
£24,950 54% Funding Stock 1978/80
ASSETS
$ 178,517
182,156
Investments:
£3,215.10.0 34% War Loan 1952 or after (book value)
W
(at cost)
$ 42,015
275,920
$317,935
3,000
31,550
2,690
5,498
$ 360,673
Deposits at Call, Hong Kong
Fixed Deposits, Hong Kong
Savings Accounts
Bank Balance as at 31st March 1970...
Notes: (1) The Capital Account includes profits on sales of shares amounting to $61,282 and excludes $6,278 (Cash $2,648 and Investment in 33% War Loan $3,630), being balance of a trust transferred to the Official Admin- istrator.
(2) As a result of the transfer mentioned in note (1) above, the investment in 3% War Loạn 1952 or after has been adjusted to reflect the balance remaining in the Official Trustee Account.
(3)
Market value of the investments as at 31st March 1970 was as follows:
$ 360,673
£ 3,215.10.0
£24,950
34% War Loan 1952 or after
PIL
5 Funding Stock 1978-80
--
@42€
@79
=
$ 19,878
$286,698
$306,576
W. HUME,
Registrar General, (Official Trustee). 5th ine 1970.
AoYW