51
Dr.
TABLE XXIV
OFFICIAL TRUSTEE ACCOUNT
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH, 1960
RECEIPTS
To Bank Balance as at 1st April, 1959
JL
Interest and dividends on Investments, Current and
Savings Accounts, and Fixed Deposits
11
Fixed Deposit cashed...
•
---
Proceeds of sale of 130 shares in China Light & Power
Co., Ltd. (net)
5
Withdrawn from Savings Account
...
PAYMENTS
By Payments to beneficiaries from Income Account
Payment to beneficiary from Capital Account under
Deposits in Savings Accounts
$ 3,570.63
5,938.71
350.00
Court Order
Administration expenses
บ
Placed on Fixed Deposits
Balances Ordinance
Costs awarded to Official Trustee
Official Trustee's Commission
2,450.70 20,130.33
$32,440.37
Transferred to General Revenue under the Unclaimed
Bank Balance as at 31st March, 1960
Cr.
$ 1,532.21
2,995.58 131.70
6,849.85
19,500.00
353.20
100.00
118.80
859.03
$32,440.37
STATEMENT OF ASSETS AND LIABILITIES as at 31st March, 1960
LIABILITIES
Trust funds, Capital Account Trust funds, Income Account
---
J
ASSETS
$138,201,24 41,133.47
Investments :
£5,025 3% Savings Bonds 1955/65 (at cost) $81,411.57 £3,500 31% War Loan 1952, or after
(book value)
50,496.24
260 shares in China Light & Power Co.,
Ltd. (at cost)
---
2,801.48 $134,709-29
Fixed Deposits
---
36,400.00
Savings Accounts
7,366.39
Bank Balance as at 31st March, 1960
859.03
$179,334.71
$179,334,71
Note: The market value of the Investments as at 31st March, 1960 was as follows:
£5,025 3% Savings Bonds, 1955/65 £3,500 31% War Loan 1952, or after
...
260 shares in China Light & Power Co., Ltd.
@ 901 @ 63
=
==
$22.60
$ 72,762.00 35,280.00 5,876.00
$113,918.00
CERTIFICATE OF THE DIRECTOR OF AUDIT
R. H. MUNHO,
Acting Registrar General, (Official Trustee).
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 Statement is correct.
AUDIT DEPARTMENT,
Hong Kong, 22nd August, 1960.
W. J. D. COOPER, Director of Audit,
No comments yet.
Private notes are available after approval.