1934 — Page 34

32

(A 32 )

SPECIFICATION OF TAXES, DUTIES, &c.

Art of Colonial Legislature or other Authority under which levied.

FEES OF COURT OR OFFICE &c.,-Continued.

COMPANIES REGISTRATION :--

17. Every application under section 214 of the Ordinance to the Official Receiver for payment of money out of the Companies Liquidation Account; and every application for the reissue of a lapsed cheque or money order in respect of moneys standing to the credit of the Com- panies Liquidation Account :—

FEES IN WINDING-UP :—

Where the amount applied for does not exceed $10.00 Where the amount applied for exceeds $10.00

18. Ou every application to the Court to approve a reconstruction or other scheme by which the affairs of the company are to be wound up otherwise than by the realization and distribution of the assets 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

per cent.

*

...1:10 "

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

TABLE B.

I-On the audit of the Official Receiver's or liquidiator's accounts a fee according to the following scale on the amount brought to eredit, 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 $

On the next

50,000 or fraction thereof 950,000 #

On the next 4,000,000 **

On the next 5,000,000 ""

Above

10,000,000 17

#

per cunt.

**

korom od.............. 1,8

*

II. Where the Official Receiver acts as provisional liquidator only :-

(a.) Where no winding-up order is made upon the petition or where n winding-up order is rescinded or all further proceedings are stayed prior to the summoning of the statutory moetings of creditors and contributories :-

Such amount as the Court may consider reasonable to be paid by the petitioner or by the company as the Court may direct in respect of the services of the Official Receiver as provisional liquidator.

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

(1.) In respect of every 10 members, creditors, and debtors, and every fraction of 10 up to 1,000.............

For every 10 or fraction of 10 above 1,000

Provided that where the net assets of the company iucluding uncalled capital are estimated in the statement of affairs not to exceed $5,000 three-fifths of the above fue only shall be charged.

(This fee to include cost of official stationery, printing, hooks, 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 whore a person other than the Official Receiver has, prior to the making of a winding-up order, been appointed receiver for debenture holders) the amount due to debenture holders :-

$ .50 1.00

50.00

$5.00

2.50

On the first $

On the next

On the next Above

50,000 or fraction thereof 200,000 "

H

750,000 1,000,000

"1

M

per cent.

>>

H

11

Government Notification

No. 124 of 1912.