1928 — Page 25

(A 23 )

SPECIFICATION OF TAXES, DUTIES, &c.

FEES IN WINDING-UP,—Continued.

19. On every order of the Court approving such reconstruction or scheme, a fee according to the following scale on the estimated value of the company's property transferred or otherwise disposed of, viz.:—

On the first $100,000 or fraction thereof On the next $900,000 or fraction thereof Above $1,000,000

4 per cent.

.....1 10 ท

20.- For taxation of costs.-The same fees as those directo to be paid and collected by the Order for the time being in force us to fees in the Original Jurisdiction of the Supreme Court.

TABLE B.

1.-On the audit of the Official Receiver's or liquidutor's accounts a fee according to the following seale on the amount brought to credit, includ- ing the produce of calls on contributories, but after deducting (1) money received and spent in carrying on the business of the company, and (2) amounts paid by the Official Receiver or liquidator to secured creditors (other than debenture holders):

On the first $

50,000 or fraction thereof 950,000 17

On the next

"

On the next

4.000,000 17 5,000,000 10,000,000 J7

*

"

11

per cent.

Act of Colonial Legislature

or other Authority nuder which levied.

17

19

18

19

"1

On the next Above 11.- Where the Official Receiver acts as provisional liquidator only :-

(a.) Where no winding-up arder is made upon the petition or where a winding-up order is rescinded or all further proceedings are stayed prior to the summoning of the statutory meetings of creditors and contributories ;-

Such amount as the Court may consider rensonable to be paid by the petitioner or by the company as the Court way direct in respect of the services of the Official Receiver as provisionl liquidator,

(b) Where a winding-up order is made, but the Official Receiver is not continued as liquidator after the statutory meetings of creditors nud contributories:

-

(1.) In respect of every 10 members, creditors, and debtors, and every fraction of 10 up to 1,900...

For every 10 or fraction of 10 above 1,000 Provided that where the net assets of the company including uncalled capital are estimated in the statement of affairs not to exceul 85,000 three-fifths of the above fee only shall be charged.

(This fee to include cost of official stationery, printing, books, forms, and postage within Hong Kong and to places in the British Dominions.)

(2.) On the value of the company's property as estimated in the state- ment of affairs after deducting (in cases where a person other than the Official Receiver bas. prior to the making of a winding-up order, been appointed receiver for debenture holders) the amount due to debenture holders :-

On the first

On the next

On the next Alovo

50,000 or fraction thereof 200,000 17

750,000 1,000,000

+

H

19

W

1 per cent.

".

"}

་་

III. Where the Official Receiver acts as liquidator of the Company (inclnd-

ing his services as provisionul fiquidutor) :-

--

(1.) In respect of every 10 members, creditors, and debtors, and evory fraction of 10......

Provided that where the net assets of the company, including uncalled capital, do not exceed $5,000, three-fifths of the above fee only shall be charged.

(This fee to include cost of official stationery, printing, books, forms and postage within Hong Kong and to places in the British Dominions.)

(2.) Upon the total assets, including produce of calls on contributories realised or brought to credit by the Official Receiver, after deducting sums on which fees are chargeable under No. IV of this Table, and not being moneys received and spent in carrying on the business of the Company:

On the first 10,000 or fractions thereof,...................... On the next 15.000 H

ท

...ā per cent.

85.00

2.50

10.00

Government Notification

No. 124 of 1912,

On the next

25,000

17

On the next

50.000

11

On the next 900,000

22

#

Above

1,000,000

22

...3

2

19

19

23