ASSETS
TABLE XXVI-Contd.
STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST MARCH 1972
LIABILITIES
Preferential creditors:
Total per Statement of Affairs (as adjusted) $ 278,892 Less: Amounts claimed and paid to date...
Unclaimed dividends to unsecured creditors:
278,607
$
285
Unsecured creditors, per Statement of Affairs (as adjusted) HK$150,521,543
Cash and Bank balances: Cash in Hand:
Petty Cash Accounts
Current Accounts with Bankers;
Companies Liquidation
Current Account
2,500
First Second Dividend Dividend 25% 10%
Third
Dividend
15%
(C.T.) Account:
$ 144,877
Unclaimed Dividend Account
28,105
172,982
Deposits with Bankers:
Dividends
declared
(rounded up
to the next higher fifty
cents)
Less: Amounts claimed and paid to date (less recover-
$37,654,539 $15,077,608 $22,577,600
Fixed Deposits Call Deposits
$10,473,947
403,308
10,877,255
$11,052,737
96
ies) including
settlements
otherwise than in cash
37,276,844 14,300,903
19,356,979
377,695 $ 776,705 $3,220,621
Special Account-Collections in excess of the balance due from a Debtor, held in suspense pending refund
4,375,021
Excess of Assets over liabilities as at 31st March 1972
124,774
6,552,657
$11,052,737
$11,052,737
Notes: (1) As at 31st March 1972 a sum of HK$500,000 and interest thereon, included in Fixed Deposits, was held by Bankers against surety given to the Court on behalf of the Liquidator in respect of a contingent liability to refund certain payments received for account of a debtor. The Liquidator's liability in this respect was extinguished subsequent to 31st March 1972.
(2) The foregoing Balance Sheet reflects:
(a) Only such Assets as had actually been realized up to 31st March 1972.
(6) Amounts due to Preferential and Unsecured Creditors irrespective of whether their claims had been admitted as at 31st March 1972.
(c) Adjustments found, since 12th May 1965, to be necessary in respect of the accounts of Preferential and Unsecured Creditors reported in the Statement of Affairs as at that date.
W. HUME, Registrar General, (Official Receiver). 27th June 1972.
ow
Dr.
TABLE XXVII
OFFICIAL RECEIVER (IN BANKRUPTCY) ACCOUNT
(subject to audit)
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 1972
Cr.