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5

TUESDAY, MAY 5, 1992

REDUCED FROM

* THE WORKFORCE HAD BEEN

ABOUT 850 ABOUT 350 STAFF WHO WERE ASSISTING THE SPECIAL WITH THE TASKS TO BE COMPLETED IN THE LIQUIDATION.

MR GLEESON SAID IT REMAINED HIS INTENTION DIVIDEND IN THE LIQUIDATION WITHIN ABOUT SIX MONTHS LIQUIDATION.

STAFF TO MANAGERS

TO PAY A FIRST OF THE DATE OF

AVAILABLE FOR THE OFFICIAL BEST

AS PREVIOUSLY ANNOUNCED, SUBSTANTIAL CASH WAS DISTRIBUTION AND THIS MONEY WAS HELD ON DEPOSIT OR IN RECEIVER'S COMPANIES LIQUIDATION ACCOUNT EARNING INTEREST AT THE RATES AVAILABLE.

WHEN A SIGNIFICANT PORTION OF THE DEPOSITORS' BALANCES HAD BEEN AGREED, A FIRST DIVIDEND, HOPEFULLY IN THE REGION OF 40%, DECLARED AND PAID AND, UNLIKE THE INTERIM RELIEF, THIS DIVIDEND

WOULD BE BE PAID IN FULL

WOULD (LESS THE INTERIM RELIEF ALREADY CREDITORS WHO HAD AGREED THEIR BALANCES WITH THE SPECIAL MANAGERS.

PAID) то ALL

HE SAID IT WAS THEREFORE VERY IMPORTANT THAT DEPOSITORS WHO HAD RECEIVED STATEMENTS SHOULD SEND BACK CONFIRMATIONS OF SHOWN ON THE STATEMENTS OR WRITE AND ADVISE OF THEIR QUERIES, IF

BALANCES BY MAY 22, THIS YEAR, IN ACCORDANCE WITH

ANY, THE INSTRUCTIONS RECEIVED.

THEY HAD

THE BANK

OTHER CREDITORS WHO WERE NOT DEPOSITORS OF RECEIVE A WRITTEN REQUEST TO LODGE A PROOF OF DEBT AND WOULD BE THE RELEVANT FORM IN THE NEAR FUTURE.

WOULD SENT

DEPOSITORS WERE NOT REQUIRED TO LODGE PROOFS OF REQUESTED TO DO SO.

DEBT UNLESS

AND

ANYONE WHO HAD ANY QUERY ABOUT THE PROCEDURE THEY SHOULD FOLLOW ANY CUSTOMERS WHO HAD NOT RECEIVED A STATEMENT TELEPHONE NUMBER 822 6228 AND ASK FOR "CREDITOR ENQUIRIES".

SHOULD CALL

"UNRECORDED

LIABILITIES"

THESE

THE SPECIAL MANAGERS WERE CONTINUING TO INVESTIGATE

WHICH HAD EMERGED PRIOR TO THE WINDING CLAIMS WOULD NOT AFFECT THE TIMING OF THE FIRST

THE UP

ORDER BUT DIVIDEND.

IF DEPOSITORS HAD ANY QUERIES ABOUT THEIR SHOULD

STATEMENTS, WRITE

THEY TO THE ADDRESS SET OUT IN THE STATEMENTS,

NOTICE SENT WITH (P.0.

THE BOX 54565 NORTH POINT POST OFFICE, HONG HAVING WRITTEN REGARDING

KONG) OR A QUERY, DEPOSITORS COULD BRANCH TO DISCUSS THE QUERY AND MAY MAKE AN APPOINTMENT WITH THE STAFF CONTACT THEIR AT THE BRANCH TO VISIT AND DISCUSS THE MATTER.

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