1950_BANKRUPTCY_RULES — Page 146

CAP. 6]

Bankruptcy.

debtor, and on the net assets realized by an Official Receiver when acting as trustee, or by a trustee other than the Official Receiver to administer a debtor's property under a composition or scheme, after deducting any sums paid to secured creditors in respect of their securities, and not being moneys received and spent in carrying on business of a debtor, a percentage according to the following scale-

On the first $10,000 or fraction thereof 7 per cent.

next $15,000 6

next $10,000 4

next $25,000 3

next $50,000 2

On all further sums 1

Provided that where the assets realized or any part thereof consist of the profit on exchange contracts the following percentages shall be payable in respect of the net amount realized by such contracts-

(a) Realized 2 per cent.

(b) Set off 1

2. On the amount distributed to creditors by the Official Receiver or any other trustee, when acting as trustee under a composition-

On the first $5,000 or fraction thereof 3 per cent.

next $5,000 2

next $10,000 1

On all further sums 3/4

3. On the amount distributed in dividend by the Official Receiver, or any other trustee, when acting otherwise than as trustee under a composition-

On the first $10,000 or fraction thereof 3 1/2 per cent.

next $15,000 3

next $10,000 2 1/2

next $25,000 2

next $50,000 1 1/2

On all further sums 1

4. For the Official Receiver acting as interim receiver of the property of a debtor, in addition to the percentage chargeable on realizations, on every order $45.00

and in addition, where the order is in force for a longer period than fourteen days, for every seven days after the first fourteen, and for every fraction of seven days $15.00

5. For each notice by the Official Receiver to a creditor of or any other meeting, or sitting of the court-

Where the estimated value of the assets exceeds $1,000-each notice 50 cents.

Where the estimated value of the assets does not exceed $1,000—

On the first twenty notices-each notice 25 cents.

For each notice above twenty 5 cents.

Each notice by the Official Receiver to a creditor of an adjourned meeting or an adjourned sitting of the court 25 cents.