Registrar-Generals-Department-Annual-report-1960-1961 — Page 33

Block under the Scheme referred to in para. 89. Dividends to pref- erential and unsecured creditors in such liquidations amounted to $14,963 and $128,961 respectively, making a total of $143,924. Un- claimed balances amounting to $92,735 and interest on investments etc. amounting to $39,148 were transferred to general revenue.

Bona Vacantia

96. The sum of $12,807 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

97. The Official Receiver's fees and commission charged during the year totalled $58,323 as follows:

Bankruptcy

Companies Liquidation

$57,945 378

$58,323

The Bankruptcy total was easily the highest since the war. The fees collected in a year are not a reliable index to the amount of work during that year, since by the nature of things they include fees in respect of work done in previous years and do not include many fees payable in respect of current cases.

PART IX

OFFICIAL TRUSTEE AND JUDICIAL TRUSTEE

Explanatory

98. 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 Administered

99. During the year one new trust estate amounting to $26,104.60 was transferred to the Official Trustee by order of the Court, and one trust estate amounting to $2,834.94 net was disposed of by transfer to the Official Administrator as Administrator of the estate of the settlor

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