Dr.
TABLE XXVII
OFFICIAL RECEIVER (IN BANKRUPTCY) ACCOUNT
(subject to audit)
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31st MARCH 1973
RECEIPTS
Balance as at 1st April 1972:
Cash in hand...
Cash at bank...
Sundry Deposits
95
Cr.
$
55,745 2,457,637 $ 2,513,382
502,306
...
116,660
PAYMENTS
Payments to Creditors:
$
250 282,443 $ 282,693
Preferential Creditors
Ordinary Creditors
8,900
12,593,953
...
Expenses and Disbursements re administration of bankruptcy estates
K
Official Receiver's Fees
...
:
109,798
:..
4,374
Payments re The Ming Tak Bank:
Minor construction and maintenance Net rent refunded to purchaser Repayment of Government Loan
Payment of interest on Government Loan.
Refund of Sundry Deposits
Realization of Bankrupt assets
Interest on Fixed Deposits and Deposits at
Call
+++
Refund of deposits, rates, tax and maintenance fees etc. due to the Ming Tak Bank
Amount placed on fixed deposit:
for Bankruptcy Account
for Ming Tak Bank
for China Trade Investment Co.
6,900
104,144
4,948,000
595,437
5,634,481
***
6,914
250,000
292,773
8,117
550,890
2,783,921
...
1,014
890,150
891,164
$12,999,718
Amount placed on call deposit for Ming Tak Bank
Balance as at 31st March 1973;
Cash in hand
---
Cash at bank
$12,999,718
ASSETS
STATEMENT OF ASSETS AND LIABILITIES AS AT 31st March 1973
LIABILITIES
Sundry Deposits
Less: expenses paid therefrom Unclaimed dividends Undistributed assets of bankrupt estates
---
25,985
8,427 $
Fixed Deposits
17,558
597,080
5,416,059
Deposits at Call
Advance Account
:
:
$ 2,305,352
2,833,921
260
1,014
890,150
$ 6,030,697
Balance as at 31st March 1973:
Cash in hand.. Cash at bank.
Note: The above statements include only such assets of Bankrupt Estates as have been realized.
P. JACOBS,
Acting Registrar General, (Official Receiver).
25th June 1973.
891,164
$ 6,030,697
Ow
W
Dr.
TABLE XXVIII
COMPANIES LIQUIDATION ACCOUNT
(subject to audit)
STATEMENT of Receipts AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 1973
Cr.
RECEIPTS
PAYMENTS
Balance as at 1st April 1972:
Cash in hand...
Cash at bank...
241
1,291,439
$1,291,680
Dividends or returns of capital to creditors and shareholders of Companies in Voluntary Liquidation Interest on Investments (re Voluntary Liquidation) paid to Liquidator
$
3,991
185
Unclaimed dividends and returns of capital received from Companies in Voluntary Liquidation
Payments to creditors of Companies in Compulsory
48,268
Liquidation:
Preferential Creditors
$ 291,227
Realization of Assets of Companies in Compulsory Liquidation
Ordinary Creditors
158,865
450,092
3,530,168
---
Sundry Deposits
23,100
Sun Fat Co., Ltd.
Interest on investments and deposits at bank
110,946
Transfers from Companies Liquidation (C.T.) Account
334,500
Payments towards completion of Kin Yuen Mansion:
Expenses and disbursements re administration of
Companies in Compulsory Liquidation
1,636,173
Refund of Sundry Deposits
176,427
7,241
Deposits encashed:
Official Receiver's fees & commission:
Fixed Deposits
218,097
Voluntary Liquidation
61
Call Deposits...
89,511
Compulsory Liquidations
144,505
144,566
Transfer to General Revenue:
37,915
Transfer to Supreme Court
131,204
Accountants' fee (Canton Trust Account)
Professional Auditors' fee (Canton Trust Account)
319,500
15,000
Amounts placed on Fixed Deposit
785,054
++
Amounts placed on Deposits at Call
832,666
Balance as at 31st March 1973;
Cash in hand...
243
Cash at bank..
1,106,013
1,106,256
$ 5,646,270
$ 5,646,270