CO129-257 - Public Offices & Others - 1892 — Page 488

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed

484

January next.

By section 9 of the now Ordinance the Governor may appoint an official receiver who shall be an officer of the Court.

By Section 14 the Official Receiver has to act as interim receiver of a debtor's estate pending the appointment of a trustee. When a trustee is appointed other than the Official Receiver the latter has to account to the Court for all his dealings with the estate and the Court has to pass the accounts.

By Section 62 sub-section 1 and 2 every trustee has to produce his accounts to the Court and such accounts shall be examined by the Registrar or any person named by the Court, or by the Court itself.

Section 80 and Schedule B lay down the fees to be taken.

It would appear from section 14 that the Court is the auditor of the accounts of the Official Receiver and that the local Auditor should have nothing further to do with them than to see that any balances appearing in the books are in the hands of the Official Receiver. As soon as an account is handed over to a trustee other than the Official Receiver the Auditor of course loses all cognizance of it.

In the case of bankrupt estates, with few exceptions the payments made are dividends to creditors, and they or their solicitors may as a rule be trusted to keep a check on the accounts and it would only be, if any Court official could get a large

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484 January next. By section 9 of the now Ordinance the Governor may appoint an official receiver who shall be an officer of the Court. By Section 14 the Official Receiver has to act as interim receiver of a debtor's estate pending the appointment of a trustee. When a trustee is appointed other than the Official Receiver the latter has to account to the Court for all his dealings with the estate and the Court has to pass the accounts. By Section 62 sub-section 1 and 2 every trustee has to produce his accounts to the Court and such accounts shall be examined by the Registrar or any person named by the Court, or by the Court itself. Section 80 and Schedule B lay down the fees to be taken. It would appear from section 14 that the Court is the auditor of the accounts of the Official Receiver and that the local Auditor should have nothing further to do with them than to see that any balances appearing in the books are in the hands of the Official Receiver. As soon as an account is handed over to a trustee other than the Official Receiver the Auditor of course loses all cognizance of it. In the case of bankrupt estates, with few exceptions the payments made are dividends to creditors, and they or their solicitors may as a rule be trusted to keep a check on the accounts and it would only be, if any Court official could get a large 2

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484 January next. By section 9 of the now Ordinance the Gov- ernor may appoint an official receiver who shall be an officer of the Court. By Section 14 the Official Receiver has to act as interim receiver of a debtor's estate pending the appointment of a trustee. When & trus- tee is appointed other than the Official Receiver the latter has to account to the Court for all his dealings with the estate and the Court has to pass the accounts. By Section 62 sub-section 1 and 2 every trustee has to produce his accounts to the Court and such accounts shall be examined by the Registrar or any person named by the Court, or by the Court itself. Section 80 und Schedule B lay down the fees to be taken. It would appear from section 14 that the Court is the auditor of the accounts of the Official Receiver and that the local Auditor sh uld have nothing further to do with them than to see that any balances appearing in the books are in the hands of the official receiver. As soon as an account is handed over to a trustee other than the Official Receiver the Auditor of couse loses all cognizance of it. In the case of bankrupt estates, with fow exceptions the payments made are dividends to credi- tors, and they or their solicitors may as a rule bo trusted to keep a check on the accounts and it would only be, if any Court official could get a large 2

2026-05-26 20:45:10 · Baseline

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484

January next.

By section 9 of the now Ordinance the Gov-

ernor may appoint an official receiver who shall be

an officer of the Court.

By Section 14 the Official Receiver has

to act as interim receiver of a debtor's estate

pending the appointment of a trustee. When & trus-

tee is appointed other than the Official Receiver

the latter has to account to the Court for all his

dealings with the estate and the Court has to pass

the accounts.

By Section 62 sub-section 1 and 2 every

trustee has to produce his accounts to the Court

and such accounts shall be examined by the Registrar

or any person named by the Court, or by the Court

itself.

Section 80 und Schedule B lay down the fees

to be taken.

It would appear from section 14 that the

Court is the auditor of the accounts of the Official

Receiver and that the local Auditor sh uld have

nothing further to do with them than to see that any

balances appearing in the books are in the hands of the

official receiver. As soon as an account is handed

over to a trustee other than the Official Receiver

the Auditor of couse loses all cognizance of it.

In the case of bankrupt estates, with fow exceptions the payments made are dividends to credi- tors, and they or their solicitors may as a rule bo trusted to keep a check on the accounts and it would only be, if any Court official could get a large

CO129-257 - Public Offices & Others - 1892 — Page 488

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