25360-1912-Rules-as-to-Fees-payable-in-respect-of-the-Winding-up-of-Companies — Page 3

THE HONGKONG GOVERNMENT GAZETTE, APRIL 19, 1912.

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III. Where the Official Receiver acts as liquidator of the company

(including his services as provisional liquidator)

(1.) In respect of every 10 members, credi-

tors, and debtors, and every fraction of 10

$10.00

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 Hongkong and to places ip the British Dominious.)

(2.) Upon the total assets, including produce of calls on contributories, realised or brought to credit by the Official Receiver, after dedueting 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 fraction thereof ......5 per cent. On the next $15,000 or fraction thereof ......4

6th March, 1912.

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On the next $25,000 or fraction thereof 3 On the next $50,000 or fraction thereof

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......2

"1

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

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(3.) On the amount distributed in dividend or paid to contributories, preferential creditors, and debenture holders by the Official Receiver, half the above percentages.

IV. Where the Official Receiver collects cails or realises property for debenture holders or other secured creditors --

The same fees as under No. III (2) and (3) of this Table, to be paid out of the proceeds of such calls or property.

V.-Where the Official Receiver performs any special duties not pro-

vided for in the foregoing Tables:

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Such amount as the Court, on the application of the Official Receiver, may consider reasonable.

VI-Travelling, keeping possession, law costs, and other reasonable

expenses of the Official Receiver.-The amount disbursed..

VII.-On every payment under section 214 of the Ordinance of money out of the Companies Liquidation Account, 10 cents on each $10.00 or fraction of $10.00 to be charged as follows:-

Where the money consists of unclaimed dividends, on each dividend paid out.

Where the money consists of undistributed funds or balances, on the amount paid out.

F. T. PIGGOTT,

Chief Justice.

Approved by the Legislative Council this 15th day of April, 1912.

COUNCIL CHAMBER,

15th April, 1912.

R. H. CROFTON,

Clerk of Councils.

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