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Tuesday, November 6, 1973
SECOND AND FINAL DIVIDEND TO MING TAK BANK CREDITORS
Arrangements for the payment of a second and final dividend to
creditors of the Ming Tak Bank have now been finalised, Mr. W. Hume, the
Officiel Receiver and Trustee, announced today.
Mr. Hume recalled that in the formal notice to creditors which
appeared in the Government Gazette and in various newspapers on September 11,
1973 it was proposed to pay a second and final dividend of not less than
75 per cent to all unsecured creditors.
"Creditors will be pleased to learn", Mr. Hume said "that it will
in fact be possible to pay a final dividend of 75 per cent plus interest
from February 4, 1965, the date of the Receiving Order, to November 11, 1973
at the rate of 8 per cent per annum on all debts proved and admitted."
This payment, together with the first dividend of 25 per cent already
paid earlier this year, will mean that creditors will have admitted claims
paid in full with interest.
The dates and times of payment will be notified in the Government
Gazette on Friday, November 9, 1973, and advertised in the public notices column of several English and Chinese language newspapers on November 7, 8 and 9.
Payment Frocedure
ir. Hume added that each depositor and gift coupon holder should
attend at the Official Receiver's Office on the. appropriate day and time for
his dividend, bringing with him his identity card, pass-book, deposit receipt,
gift coupon, or other evidence of his claim, and also his signature chop, if he uses
one. If anyone has lost his pase-book, or deposit receipt, he should immediately
/report