Companies Liquidation Account
74. The receipts and payments for the year and the assets and liabilities as at 31st March, 1960 are set out in Table XXIII. $153,487.66 was realized from assets of companies in compulsory liquidation and dividends to preferential and unsecured creditors in such liquidations amounted to $47,738.14 and $185,725.50 respectively making a total of $233,463.64. Unclaimed moneys amounting to $414,724.94, interest on investments etc. amounting to $45,946.03 and profit on redemption of £55,000 3% War Loan 1955/59 amounting to $15,700.80, were trans- ferred to general revenue. The assets held at the close of the year (excluding the unrealized assets of companies in compulsory liuqidation) totalled $958,257.60.
Bona Vacantia
75. The sum of $3,385.58 was transferred to general revenue as bona vacantia under Section 277 of the Companies Ordinance upon certain companies being struck off the register under Section 276.
Fees
76. The Official Receiver's fees and commission charged during the year totalled $39,673.63 as shown in Table XXV. This was some $12.144.36 more than the amount charged during the previous year.
PART IX
OFFICIAL TRUSTEE AND JUDICIAL TRUSTEE
Explanatory
77. The Official Trustee's functions are laid down in Part VII of the Trustee Ordinance (Cap. 29) and the Administration of Trust Fund Rules made under Section 76 of that Ordinance. The Judicial Trustee Rules, 1953, made under Section 64 of the Trustee Ordinance, provide that where an official of the Court is appointed Judicial Trustee, the Registrar General shall be so appointed unless for special reasons the Court directs that some other official of the Court be appointed.
Number of Trusts
78. The number of trust estates administered by the Official Trustee was reduced from twelve to eleven by the elimination of the last of the Hong Kong and China Gas Co. Explosion Trusts created following the explosion of a gasometer at West Point in 1934. As the beneficiary, one
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