25360-1912-Rules-as-to-Fees-payable-in-respect-of-the-Winding-up-of-Companies — Page 2

216

THE HONGKONG GOVERNMENT GAZETTE, APRIL 19, 1912.

18.-On every application to the Court to approve a re-

construction 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 recon- struction or scheme, a fee according to the fol- lowing 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......................

$50.00

per cent.

"

1/10

"}

20. For taxation of costs.-The same 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 Reciver's or liquidator's accounts a fee according to the following scale on the amount brought to credit, including 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

"

1 per cent.

"1

On the next 4,000,000

On the next 5,000,000

Above

"

"

10,000,000

"

"

""

...

1/8 ...1/16

,,

3)

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

(a.) Where no winding up order is made upon the petition or where a winding up order is rescinded or all further pro- ceedings are stayed prior to the summoning of the statutory meetings of creditors and contributories :--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

(b.) Where a winding-up order is made, but the Official Re- ceiver 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. $5.00

For every 10 or fraction of 10 above

1,000 ......

鲁

2.50

Provided that where the net assets of the company including uncalled capital are estimated in the statement of affairs not to 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 Hongkong and to places in the British Dominions.)

(2.) On the value of the company's property as estimated in the statement of affairs after deducting (in cases where 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 :-

On the first $50,000 or fraction thereof

On the next $200,000 Ou the next $750,000 Above $1,000,000..........

"

"}

>1

.1 per cent.

**

39

4