The fees and the moneys go direct to several Trustees and the Official Receiver when, in default of other Trustees being appointed as Trustee of the Bankrupt Estate. The amount of work undertaken by the Official Receiver is considerable.
This is a form of audit that is now half, at the expense of the hard, I click on the S.C., Re. The audit of Bankruptcy accounts is difficult and laborious, and under present conditions it is not satisfactory to expect that the important step of auditing the accounts should be done by the Auditor without extra pay, beyond the normal duties of his office.
Bankruptcy has nothing to do with the funds of the Court. The Official Receiver is the agent of the Creditor, and sums are sent forth by warrant of the Court. In this opinion, I concur, and I think Sir P. to inform him in writing.
I would send a copy of this to Sir W. Robinson for his views on the question, and that suggested by the Commissioner.
MINUTE PAPER. 393
Whether the Hong Kong Order should not be amended in the direction of creating a Bankruptcy Department, as in England, with a view to economising the fees, dealing in the most satisfactory manner with the money in the hands not only of the Official Receiver but of the private individuals acting as Trustees, by making them all hand over to a general account, instead of leaving them to handle several small funds; ensuring that the estates are faithfully and properly administered; which it appears is not the typical case upon which the Official Receiver then reports.
moneys. the
? Commen
and the fees go direct to
several Trustees
a
A the
Opinal Receiver when, in default If other Trustees being formi arts as Turker of the Bankrupt
Estate. The amount ofertaber admum land
An
this is form [this
sport.]
now haft, at the expeur of the hart, I a Click on the S.C., Re
The audit of Bankrupty amount
difficult
and Calorous, and under
present conditions comment le satisfact Formigible skeper that the portant sippten & ads the statis
the
share the Auditor to conduct
the he must hair clerinal anis tamen
4 Anglet ..
and should
La
Sii C. Rya
thunks,
on the ground that it is
have extra pay, bent on the
the normal duties of his offie:
Bankrupty
&do with
ophis
ал
Amount han nothing
the funds of the Cor fort.
manch, the Tw
&dur
notad this
R. and then
sughe
The Official Receiver is the cAgent of the Creditor, and suns is sent fort by went of ther
In this opinion
Concur, and
I thank
Sex poketi in vorma
an
munt
I would send copy of
this to si W. Rosmin for mi
orsewe froms
cho
the question, and that suggented by the Cam A
MINUTE PAPER.
393
Whether the It Kong Order showed
not be amended in the direction of
crating
५
Bankruptry Dept-
England, with a
as
views to Sconomi
ising the fees, dealing in the mort sahifanton
money.
mammir
in the hands
with
not only of the
Tfficial Receiver but of the progge individuals inty fat by making them all haut
on Tuskers,
oove general account,
of leaving them fund
Tunters
an
mistead
Several small O.R and then
in the hands of the several
لسه
eunining that
the states an faithfully and
ministered; which it appean for the typical
cal caser
apon which
hur nicole sporti then is
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