Registrar-Generals-Department-Annual-report-1959-1960 — Page 58

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TABLE XXIII-Contd.

COMPANIES LIQUIDATION ACCOUNT

STATEMENT OF Assets and Liabilities as at 31st March, 1960

Investments (General):

ASSETS

£20,000 3% Savings Bonds, 1955/65 (at cost) Investment (North China Daily News & Herald, Ltd.);

£393.19.11. 3% War Loan, 1952 or after (at cost)... Fixed Deposit (North China Steamship (H.K.) Ltd. Deposit with Joint Miscellaneous Fund (General) Advance Accounts

LIABILITIES

Voluntary Liquidations:

Unclaimed returns/dividends

Undistributed assets

$654,266.52 137,196,68

$791,463.20

Compulsory Liquidations:

Unclaimed dividends

Undistributed assets

$ 11,875.91 143,437.79

155,313.70

Sum held as Provisional Liquidator of

Tak Ming Co., Ltd. Less sundry expenses

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$ 11,955.50

474.80

Balances as at 31st March, 1960:

11,480.70

Cash at Bank

Cash in Hand

$321,324.93

4,243.35 20,000.00 400,000,00

10,263.20

$202,378.93

47.19

202,426,12

$958,257.60

$958,257.60

Note: 1. The market value of the investments as at 31st March, 1960 was as follows:

£20,000. 0. 0 3% Savings Bonds, 1955/65

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£ 393.19.11 3% War Loan, 1952 or after

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JU

901 $289,600.00 63 =

$ 3,971.48 $293,571.48

2. The above Statement includes only such assets of Companies in Compulsory Liquidation as have been realized.

CERTIFICATE OF THE DIRECTOR OF AUDIT

R. H. MUNRO,

Acting Registrar General, (Official Receiver). 10th August, 1960.

The above Statement of Assets and Liabilities and the accompanying Statement of Receipts and Payments have been examined in accordance with Colonial Regulation 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 Statements are correct,

AUDIT DEPARTMENT,

Hong Kong, 22nd August, 1960.

W. J. D. COOPER, Director of Audit.