Registrar-Generals-Department-Annual-report-1956-1957 — Page 23

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TABLE X-Contd.

Statutory

Name of Company

Deposit Required

Nature of Securities Deposited

Market Value

as at 31.3.57

Brought forward....

4,415,306.00

Sincere Insurance & Investment Co., Ltd,

100,000.00

South China Fire & Marine Insurance & Godown

and Loan Co., Ltd.

200,000.00

Sumitomo Marine & Fire Insurance Co., Ltd. Sze Hoi Tong Banking & Insurance Co., Ltd.

100,000.00 100,000.00

Deposit at call with H.K. & S. Bank, H.K. Mortgage of M.L. 510 to secure Mortgage of M.L. 95, s.A, ss 8, 68 1, 9.C, I.L. 1311, s.B. 5 1, s.C, M.L. 95 5.A, 31 8, 99 1, R.P., & I.L. 1311, s.B, ss 1, R.P., to secure Fixed deposit with H.K. & S. Bank, H.K. Fixed deposit with H.K. & S. Bank, H.K. Fixed deposit and deposit at call with H.K. &

5. Bank, H.K.

$100,000,00 32,500.00

67,500.00

200,000.00

200,000.00

100,000.00

$89,887.50

Tai Ping Insurance Co., Ltd.

200,000.00

$15,000 34% Hong Kong Dollar Loan 1934 Fixed deposit and deposit at call with H.K. & S.

Bank, H.K.

13,237.50

103,125,00

200,000.00

Tokio Marine & Fire Insurance Co., Ltd, United Builders Insurance Co., Ltd. Universal Insurance & Indemnity Co. Wing On Fire & Marine Insurance Co., Ltd.

100,000.00 100,000.00 200,000.00 200,000.00

Deposit at call with H.K. & S. Bank, H.K. Fixed deposit with H.K. & S. Bank, H.K. Deposit at call with H.K. & S. Bank, H.K. Deposit at call with H.K. & S. Bank, H.K.

100,000.00

100,000.00

200,000.00

200,000.00

$5,818,431.00

* In addition, Interest amounting to $8,116.16 is held on the Company's behalf.

(Sd.)

W. ANECHIN JONES. Registrar General, (Registrar of Companies). 12th August, 1957.

The above List has been examined in accordance with Colonial Regulation 257. I have obtained all the informa- tion and explanations that I have required, and I certify, as a result of this audit, that in my opinion the List is correct, subject to the following observations.

2. In several cases the market value of the securities at 31st March was again below the amount of the statutory deposit required.

3. In the two cases where the deposit was previously secured in whole or in part by mortgage, one company later deposited approved securities, and the other has not so far complied with the Registrar's request.

AUDIT DEPARTMENT,

Hong Kong, 15th August, 1957.

(Sd.) F. E. L. Carter, Director of Audit.