Appendix G (1).
REPORT OF THE OFFICIAL RECEIVER AND
REGISTRAR OF TRADE MARKS AND
PATENTS FOR THE YEAR 1937.
BANKRUPTCY
AND
COMPANIES WINDING-UP
!
New Business.
1. Fourteen petitions in bankruptcy were presented during the year, nine by creditors and five by debtors, as against a total of thirteen petitions in the previous year.
2. Two companies winding-up petitions were filed. Of these one was dismissed, and in the remaining case a compulsory winding-up order was made. In the previous year three petitions were filed, of which one was dismissed, and in the remaining two cases compulsory winding-up orders were made.
3. The total assets brought to credit during the year under review amounted to $540,319.07. The total amount of assets paid out amounted to $517,581.44. These figures, which include both bankruptcies and companies liquidations, show a decrease of $142,418.63 and $30,772.78 respectively on comparison with the figures for 1936. The liabilities as estimated by debtors in cases where the petitions were presented during the year 1937, amounted to $1,699,114.46. A table of comparison appears overleaf.
4. Three salaried employees filed bankruptcy petitions during the year as compared with one in the year 1936. Other failures for the year under review included a commission agent, manufacturers of preserved ginger, earthenware dealers, a ship-yard, grocers, a broker, a journalist, hosiery mills, a timber firm, a bank, and an insolvent estate of a deceased merchant.