G (1) 1
Appendix G (1)
REPORT OF THE OFFICIAL RECEIVER AND REGISTRAR OF TRADE MARKS AND LETTERS PATENT FOR THE YEAR 1929.
BANKRUPTCY.
New Business.
1. The number of petitions filed during the year was smaller than in 1928, but the assets collected amounted to more than three times as much, while the estimated liabilities were slightly in excess of those for last year. The assets for distribution among creditors, in bankruptcy, and in companies winding-up, amounted to approximately $70,000.00, while the liabilities were estimated at $245,000.00.
Fees.
2. The fees received for Official Receiver's commission amounted approximately to $9,500.00. In addition, a sum of approximately $66,000.00 was transferred from the Companies Liquidation Account to general revenue, under the provisions of the Unclaimed Balances Ordinance, No. 5 of 1929.
Bankruptcy Discharges.
3. Two discharges were granted during the year, conditionally, and one application for discharge was absolutely refused. In the last case, two facts under Section 24 of the Bankruptcy Ordinance were established against the debtor, on proof of either of which he was liable to be sentenced to summary imprisonment for any term not exceeding one year. This power was not, however, exercised by the Court in this case, as it was considered reasonable that, as the provision had become to all intents and purposes a dead letter, warning of intention to exercise it should be given,
Companies Winding-up.
4. One compulsory winding-up order was made during the course of the year. The case is noteworthy by reason of the fact that an order for public examination of a Director of the company was made. It is believed that this is the first instance in which such an order has been made, at any rate for some very considerable time.
G (1) 1
Appendix G (1)
REPORT OF THE OFFICIAL RECEIVER AND
REGISTRAR OF TRADE MARKS AND LETTERS
PATENT FOR THE YEAR 1929.
BANKRUPTCY.
New Business.
1. The number of petitions filed during the year was smaller than in 1928, but the assets collected amounted to more than three times as much, while the estimated liabilities were slightly in excess of those for last year. The assets for distribution among creditors, in bankruptcy, and in companies winding-up, amounted to approximately $70,000.00, while the liabilities were estimated at $245.000.00.
Fees.
2. The fees received for Official Receiver's commission amounted approximately to $9,500.00. In addition, a sum of approximately $66,000.00 was transferred from the Companies Liquidation Account to general revenue, under the provisions of the Unclaimed Balances Ordinance, No. 5 of 1929.
Bankruptcy Discharges.
one
8. Two discharges were granted during the year, conditionally, and one application for discharge was absolutely refused. In the last case, two facts under Section 24 of the Bankruptcy Ordinance were established against the debtor, on proof of either of which he was liable to be sentenced to summary imprisonment for any term not exceeding one year. This power was not, however, exercised by the Court in this case, as it was considered reasonable that, as the provision had become to all intents and purposes a dead letter, warning of intention to exercise it should be given,
Companies Winding-up.
4. One compulsory winding-up order was made during the course of the year. The case is noteworthy by reason of the fact that an order for public examination of a Director of the company was made. It is believed that this is the first in- stance in which such an order has been made, at any rate for some very considerable time.
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