Dr.
TABLE XXVIII
COMPANIES LIQUIDATION ACCOUNT
(subject to audit)
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 1972
Cr.
RECEIPTS
PAYMENTS
Balance as at 1st April 1971:
Cash in hand
$
Cash at bank
207
2,230,495
$2,230,702
Dividends or returns of capital to creditors and shareholders of Companies in Voluntary Liquidation Interest on Investments (in Voluntary Liquidation) paid to Liquidator
$
...
58,746
195
***
Unclaimed dividends and returns of capital received from Companies in Voluntary Liquidation
Payments to creditors of Companies in Compulsory Liquidation:
40,095
Preferential Creditors
Realization of Assets of Companies in Compulsory Liquidation
Ordinary Creditors
$ 43,685
291,344
335,029
Sundry Deposits
1,461,302
14,100
Interest on investments and deposits at bank Transfers from Companies Liquidation (C.T.) Account
***
97,093
Return to contributories: Tai Shing Film Co. Ltd. Amount transferred to Liu Chong Hing Bank Ltd. for account Kai Fat Land Investment Co. Ltd.
172,250
855,904
491,500
Payments towards completion of Kin Yuen Mansion: Sun Fat Co., Ltd.
1,157,093
Deposits encashed:
Expenses and disbursements re administration of Companies in Compulsory Liquidation
212,848
Fixed Deposits
160,000
Insurance Premium
502
Call Deposits
1,206,112
Refund of Sundry Deposits
3,900
Official Receiver's fees & Commission:
Voluntary Liquidation
612
Compulsory Liquidations
53,615
54,227
Transfer to Revenue
92,185
Accountants' fee (Canton Trust Account)
Professional Auditors' fee (Canton Trust Account)
476,500
15,000
Amounts placed on Fixed Deposit
...
Amounts placed on Deposits at Call
657,544
317,301
Balance as at 31st March 1972;
Cash in hand
Cash at bank
241
1,291,439
1,291,680
1
$5,700,904
$5,700,904
98
ASSETS
STATEMENT OF ASSETS AND LIABILITIES AS AT 32sT MARCH 1972
LIABILITIES
Voluntary Liquidations: Unclaimed returns/dividends Undistributed Assets
Compulsory Liquidations:
Unclaimed dividends Undistributed Assets
$ 147,048
387,762 $ 534,810
65,579 2,573,013 2,638,592
33,500
9,233
Investment re North China Daily News and Herald Ltd. £394 34% War Loan 1952 or after (book value) Deposit with Joint Miscellaneous Fund £50,000 Fixed Deposits
...
Deposits at Call Advance Account Balance as at 31.3.72 Cash in hand
24,267
Cash at bank
$3,197,669
$
3,858
727,272
683,890
487,301
3,668
241
1,291,439
1,291,680
$3,197,669
+++
W. HUME,
Registrar General, (Official Receiver). 27th June 1972.
Notes: (1) The above statement includes only such assests 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 1972 was as follows: £394 34% War Loan, 1952 or after
@41
=
$2,350
Sundry Deposits
Less: Expenses therefrom