Dr.
TABLE XVII
COMPANIES LIQUIDATION ACCOUNT
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH, 1958
Cr.
RECEIPTS
PAYMENTS
To Balance as at 1st April, 1957:
Cash at Bank
Cash in Hand
$635,808.06
ail.
+
$635,808.06
77
---
Undistributed Assets of Companies in Voluntary
Liquidation
84,155.35
Unclaimed dividends or returns of capital of Com.
"
panies in Voluntary Liquidation
Reimbursement of advances
97,412.75 321.22
By Liquidation sundry expenses for Companies in
Voluntary Liquidation...
Dividends and returns of Capital to Creditors and
Shareholders of Companies in Voluntary Liquidation Investment for North China Daily News & Herald,
Ltd. (in Voluntary Liquidation)
Interest thereon paid to Liquidators
F
-
,,Liquidation sundry expenses for Companies in Com.
pulsory Liquidation
$ 1,845.35
87,797.63
4,243.35 107.23
---
77
..
T
Realizations of Assets of Companies in Compulsory
Liquidation
Refund of Creditors' contributions toward legal
expenses
---
30,585.01
Refund of overcollection
"
++
Creditors' contributions toward legal expenses
778.00
T
Proceeds of fixed deposits
Dividends to Creditors in Compulsory Liquidations.. Official Receiver's Fees and Commission
20,000.00
"
Interest on investments, bank account and deposits...
47,036.33
$916,096.72
15,114.49
5,541.20
2,636.00
258,006.02
1,552,65
Transfers to Revenue:
Accrued interest
$ 46,926.00
Unclaimed monies
66,520.31
113,446.31
Balance as at 31st March, 1958:
Cash at Bank
$425,767.64
Cash in Hand
38.85
425,806.49
$916,096.72
COMPANIES LIQUIDATION ACCOUNT
STATEMENT OF Assets and LIABILITIES AS at 31st MARCH, 1958
LIABILITIES
ASSETS
Voluntary Liquidation:
Investments (General) :
Unclaimed returns/dividends
$1,167,908.22
Undistributed assets...
141,772.44 $1,309,680.66-
£20,000 3% Savings Bonds, 1955/65
(at cost)
$321,324.93
Compulsory Liquidations:
$55,000 3% War Loan, 1955/59
(al cost)
864,299.20 $1,185,624.13
Unclaimed dividends
Undistributed assets...
$ 21.223.12 284,894.29
306,117.41
4,243.35
$1,615,798.07
Note: 1. Market value of investments at 31st March, 1958:
Investment (North China Daily News & Herald, Ltd.):
£393-19-11d. 33% War Loan, 1952 or after (at cost)
Advance Account :
Unimac Trading Co., Ltd. (in Compulsory
Liquidation)
Balance as at 31st March, 1958:
Cash at Bank Cash in Hand
124.10
$425,767.64 38.85
425,806.49
$1,615,798,07
£20,000 3% Savings Bonds, 1955/65
=
£55,000 3% War Loan, 1955/59 £393-19-lid. 34% War Loan, 1952 or after
@ 971 651
=
=
861 $276,800.00 $858,000.00 $ 4,129.07
2. The above Statement includes only such assets of Companies in Compulsory Liquidation as have been realized.
W. K. THOMSON, Acting Registrar General, (Official Receiver). 5th September, 1958.
The above Statement of account has been examined in accordance with Colonial Regulation No. 257. I have obtained all the information and explanations that I have required, and I certify, as a result of this audit, that in my opinion the Staterpeat is correct. AUDIT DEPARTMENT,
1
Hong Kong, 17th September, 1968.
W. H. WILLIAMS, Acting Director of Audit,
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