G. (1) 2
Fees.
5. The sums received for the Official Receiver's commission, and for possession fees, amounted to $31,464.22, showing an increase of $2,101.82 over the previous year, notwithstanding that a smaller number of petitions in bankruptcy were filed. The assets of the estates in which dividends were distributed were greater than in the year 1934.
Discharges.
6. Five discharges were granted during the year, three absolute, one subject to suspension for three months, and one to suspension for four months. No applications for discharge were refused.
General.
7. During the year under review dividends were paid in twenty-seven cases, at the end of the year steps had already been taken towards the payment of dividends in six further cases, and eight cases were ripe for initial steps. In only three of these forty-one cases, was the petition filed in the year 1935. In addition, there were at least seventeen cases in which debtors should have applied for their discharge, and at least thirty-three cases in which trustees should have applied for their release. In the majority of such cases, discharge or release might have been applied for before the year 1935. Some headway has been made in attacking the problem of undistributed dividends, and it is hoped to achieve some reduction in other arrears during the year 1936.
8. In twelve cases in bankruptcy, bankrupt salaried employees pay instalments and it is customary to pay dividends on account as soon as the assets are sufficient to pay ten per cent.
COMPANIES LIQUIDATION.
BANKRUPTCY 1935 8 5 14 7 7 11 10 5 9 0 2 2 1934 9 5 23 19 4 18 9 16 I 10 5 4- G. (1) 2
Fees.
i
5. The sums received for the Official Receiver's commission, and for possession fees, amounted to $31,464.22, showing an increase of $2,101.82 over the previous year, notwithstanding that a smaller number of petitions in bankruptcy were filed. The assets of the estates in which dividends were distributed were greater than in the year 1934.
Discharges.
6. Five discharges were granted during the year, three absolute, one subject to suspension for three months, and one to suspension for four months. No applications for discharge were refused.
General.
7. During the year under review dividends were paid in twenty seven cases, at the end of the year steps had already been taken towards the payment of dividends in six further cases, and eight cases were ripe for initial steps. In only three of these forty one cases, was the petition filed in the year 1935. In addition there were at least seventeen cases in which debtors should have applied for their discharge, and at least thirty three cases in which trustees should have applied for their release. In the majority of such cases, discharge or release might have been applied for before the year 1935. Some headway has been made in attacking the problem of undistributed dividends, and it is. hoped to achieve some reduction in other arrears during the year 1936.
8. In twelve cases in bankruptcy, bankrupt salaried employees pay instalments and it is customary to pay dividends on account as soon as the assets are sufficient to pay ten per cent.
COMPANIES LIQUIDATION.
BANKRUPTCY.
1935 8 5
сл
14 7 .7 11
10
5
9 0 2 2
1934
9 5 23 19
4 18
9. 16
I
10
5
4
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