AnnualReport-1938 — Page 277

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Appendix G. (1).

REPORT OF THE OFFICIAL RECEIVER AND REGISTRAR OF TRADE MARKS AND PATENTS FOR THE YEAR 1938.

BANKRUPTCY AND COMPANIES WINDING-UP.

AMOUNT OF INSOLVENCY.

The following comparative table shows the amount of insolvency in the Colony under the Bankruptcy Ordinance, No. 10 of 1931, during the years 1937 and 1938.

Year. 1937 1938 No. of Receiving Orders and Administration Orders. 15 5 Liabilities as estimated by Debtors. $1,450,540.67 $1,177,473.96 Assets as estimated by Debtors. $22,686.63 $6,106.00

The amount of insolvency in 1938 under the Companies Ordinance, No. 39 of 1932, was nil.

GENERAL.

Ten petitions in bankruptcy were presented during 1938, four by creditors and six by debtors. Of these one was dismissed, four were adjourned and in the remaining five cases Receiving Orders were made. In 1937 there were 14 petitions.

The failures in 1938 under the Bankruptcy Ordinance, 1931, included a Ginger business and various employees of commercial firms.

Six bankrupts were discharged during the year, one discharge was absolute, four were subject to suspension for 3 months and one to suspension for 12 months. No application for discharge was refused.

During the year dividends were declared in respect of nine bankrupt estates and one company in liquidation.

During the year the Court granted the Official Receiver his discharge from trusteeship in respect of five bankrupt estates fully administered.

FEES.

The total amount of the Official Receiver's statutory fees and commission under the Bankruptcy Ordinance, 1931, and the Companies Ordinance, 1932, was $6,236.86 for 1938 as against $19,306.57 for 1937. The decrease was due to the fact that there were no large failures in 1938.

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Appendix G. (1). REPORT OF THE OFFICIAL RECEIVER AND REGISTRAR OF TRADE MARKS AND PATENTS FOR THE YEAR 1938. BANKRUPTCY AND COMPANIES WINDING-UP. AMOUNT OF INSOLVENCY. The following comparative table shows the amount of insolvency in the Colony under the Bankruptcy Ordinance, No. 10 of 1931, during the years 1937 and 1938. Year. 1937 1938 No. of Receiving Orders and Administration Orders. 15 5 Liabilities as estimated by Debtors. $1,450,540.67 $1,177,473.96 Assets as estimated by Debtors. $22,686.63 $6,106.00 The amount of insolvency in 1938 under the Companies Ordinance, No. 39 of 1932, was nil. GENERAL. Ten petitions in bankruptcy were presented during 1938, four by creditors and six by debtors. Of these one was dismissed, four were adjourned and in the remaining five cases Receiving Orders were made. In 1937 there were 14 petitions. The failures in 1938 under the Bankruptcy Ordinance, 1931, included a Ginger business and various employees of commercial firms. Six bankrupts were discharged during the year, one discharge was absolute, four were subject to suspension for 3 months and one to suspension for 12 months. No application for discharge was refused. During the year dividends were declared in respect of nine bankrupt estates and one company in liquidation. During the year the Court granted the Official Receiver his discharge from trusteeship in respect of five bankrupt estates fully administered. FEES. The total amount of the Official Receiver's statutory fees and commission under the Bankruptcy Ordinance, 1931, and the Companies Ordinance, 1932, was $6,236.86 for 1938 as against $19,306.57 for 1937. The decrease was due to the fact that there were no large failures in 1938.

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Appendix G. (1). REPORT OF THE OFFICIAL RECEIVER AND REGISTRAR OF TRADE MARKS AND PATENTS FOR THE YEAR 1938. BANKRUPTCY AND COMPANIES WINDING-UP. AMOUNT OF INSOLVENCY. The following comparative table shews the amount of insolvency in the Colony under the Banruptcy Ordinance, No. 10 of 1981, during the years 1937 and 1938. Year. 1937 1938 No. of Receiving Orders and Adminis- tration Orders. 15 5 Liabilities as estimated by Debtors. Assets as estimated by Debtors. $1,450,540.67 22,686.63 $1,177,473.96 6,106.00 The amount of insolvency in 1938 under the Companies Ordinance, No. 39 of 1982, was nil. GENERAL. Ten petitions in bankruptcy were presented during 1938, four by creditors and six by debtors. Of these one was dismissed, four were adjourned and in the re- maining five cases Receiving Orders were made. In 1937 there were 14 petitions. The failures in 1938 under the Bankruptcy Ordinance, 1931, included a Ginger business and various employees of commercial firms. Six bankrupts were discharged during the year, one discharge was absolute, four were subject to suspension for 3 months and one to suspension for 12 months. No application for discharge was refused. During the year dividends were declared in respect of nine bankrupt estates and one company in liquidation. During the year the Court granted the Official Receiver his discharge from trusteeship in respect of five bankrupt estates fully administered. FEES. The total amount of the Official Receiver's statutory fees and commission un- der the Bankruptcy Ordinance, 1931, and the Companies Ordinance, 1932, was $6,236.86 for 1938 as against $19,306.57 for 1937. The decrease was due to the fact that there were no large failures in 1938.

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Appendix G. (1).

REPORT OF THE OFFICIAL RECEIVER AND REGISTRAR OF TRADE

MARKS AND PATENTS FOR THE YEAR 1938.

BANKRUPTCY AND COMPANIES WINDING-UP.

AMOUNT OF INSOLVENCY.

The following comparative table shews the amount of insolvency in the Colony under the Banruptcy Ordinance, No. 10 of 1981, during the years 1937 and 1938.

Year.

1937

1938

No. of Receiving Orders and Adminis- tration Orders.

Liabilities as estimated by Debtors.

Assets as estimated by Debtors.

$1,450,540.67

22,686.63

$1,177,473.96

6,106.00

The amount of insolvency in 1938 under the Companies Ordinance, No. 39 of 1982, was nil.

GENERAL.

Ten petitions in bankruptcy were presented during 1938, four by creditors and six by debtors. Of these one was dismissed, four were adjourned and in the re- maining five cases Receiving Orders were made. In 1937 there were 14 petitions.