(A 19 )
SPECIFICATION OF TAXES, DUTIES, &c.
FEES IN WINDING-UP,—Continued.
amounts paid by the Official Receiver or liquidator to secured creditors (other than debenture holders) :—
On the first $
Ou the next
50,000 or fraction thereof 950,000 "
On the next
4,000,000
"
H
Ou the next 5,000,000 Above
"
***
"
13
!per cent.
10,000,000
כן
})
1,8
"
1/16
27
II. Where the Official Receiver acts as provisional liquidator only :-
(a.) Where no winding-up order is made upon the petition or where a winding-up order is rescinded or all further proceedings are stayed prior to the summoning of the statutory meetings of creditors and contributories :—
Such amount as the Court may consider reasonable to be paid by the petitioner or by the company as the Court may direct in respect of the Bervices of the Official Receiver as provisional liquidator,
(b.) Where a winding-up order is made, but the Official Receiver is not continued us liquidator after the statutory meetings of creditors and contributories :—
(1.) In respect of every 10 members, creditors, and debtors, and every fraction of 10 up to 1,000,
For every 10 or fraction of 10 above 1,000,
Provided that where the net assets of the company including uncalled capital are estimated in the statement of affairs not to exceed $5,000 three-fifths of the above fee only shall be charged.
(This fee to include cost of official stationery, printing, books, forms, and postage within Hongkong and to places in the British Dominions.)
(2.) On the value of the company's property as estimated in the state- ment of affairs after deducting (in enses where a person other than the Official Receiver has, prior to the making of a winling-up order, been appointed receiver for debenture holders) the amount due to debenture holders :-
On the first
On the next
$50,000 or fraction thereof,
1 per cent.
200,000 >>
On the next Above
750,000 17 1,000,000
ย
III.
19
11
Where the Official Receiver acts as liquidator of the Company i̟(includ- ing his services as provisioun liquidator) :—
(1.) In respect of every 10 members, creditors, and debtors, and every fraction of 10,
Provided that where the net assets of the company, including uncalled capital, do not exceed $5,000 three-fifths of the above fee only shall be charged.
(This fee to include cost of official stationery, printing, books, forms, and postage within Hongkong and to places in the British Dominions.)
(2.) Upon the total assets, including produce of calls on contributories, realised or brought to credit by the Official Receiver, after deducting sums on which fees are chargeable under No. IV of this Table, and not being moneys received and spent in carrying on the business of the company :—
On the first $ 10,000 or fraction thereof,. Ou the next 15,000
*
כן
On the next 25,000 On the next 50,000 "
On the next 900.000
Above 1,000,000
>>
J1
"
J
"
#3
.5 per cent.
*1
3
-
1
#
(3.) On the amount distributed in dividend or paid to contributories, preferential creditors, and debenture holders by the Official Receiver, half the above percentages.
IV. Where the Official Receiver collects calls or realises property for debenture holders or other secured creditors :—
The same fees as under No. III (2) and (3) of this Table, to be paid out of the proceels of such calls or property,
V. Where the Official Receiver performs any special duties not provided for in the foregoing Tables :—
Such amount as the Court, on the application of the Official Receiver, may consider reasonable,
VI.-Travelling, keeping possession, law costs, and other reasonable ex-
penses of the Official Receiver.—Tue amount disbursed.
$ 5.00
2.50
10.00
Act of Colonial Legislature or other Authority under which levied.
Government Notification
No. 124 of 1912.