of Lang, Mr. Bain had proved as a creditor for $106.18 and after examination the proof of creditor was admitted and allowed, it was not questioned by any at the dividend meeting and the dividend upon the claim was paid. The Auditor queried the amount as being apparently inconsistent with debtor's statement of affairs.
This amount was examined by the Official Receiver, as required by section 30 of the Ordinance, and the creditors, the most interested parties, had admitted it. It was therefore quite unnecessary for the Auditor to further enquire into the matter.
I think I have now dealt fully with Mr. Nicoll's letter. I regret that I have been obliged to do so at such length but I considered it only just towards Mr. Sangster Bruce Shepherd to put their case before Your Excellency.
With respect to the despatch itself, I beg to offer the following remarks. The Secretary of State states in paragraph 7, that although the proceeds of bankrupt estates are paid into the Bankrupt Estates account, yet there is no express provision for the investment of such funds. Practically, they are invested because in April 1883, when I was Registrar, I asked for permission to invest at the Bank at 5% such portion of the cash balance in my hands as I thought would not be required.