Registrar-Generals-Department-Annual-report-1960-1961 — Page 64

58

Dr.

TABLE XXIII

OFFICIAL RECEIVER (IN BANKRUPTCY) ACCOUNT

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH, 1961

RECEIPTS

To Balance as at 1st April, 1960:

Cash at Bank

Cash in Hand

บ

A

By Payments to Creditors:

$344,709,32

89.98 $344,799,30 1,200.00 1,447,293.57 24,218.26 10,000.00

11

P

Wy

Creditors' Deposits for preliminary expenses Realizations of assets of bankrupt estates Interest on fixed deposits and bank account... Fixed Deposits cashed

$1,827,511.13

PAYMENTS

Preferential creditors

Dividends to creditors

Expenses of administration of bankrupt estates Unclaimed funds and dividends transferred to Bank-

ruptcy Estates Account Official Receiver's Fees

---

Paid into Treasury, being Official Receiver's costs re-

covered in previous years

Cr.

$106,696.50

731,924.46 $ 838,620.96

83,613.29

5,867.76

57,944.90

870.00

11

7,805.87

19

Released to Debtors

136.41

Interest Tax

50

187.50

Placed on Fixed Deposits

482,000,00

"

Balances as at 31st March, 1961:

Cash at Bank Cash in Hand

$350,370.29 94.15

350,464.44

$1,627,511,13

Refunds of Deposits and interest thereon

STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST MARCH, 1961

LIABILITIES

ASSETS

Creditors' Deposits for Preliminary expenses

Less expenses paid therefrom

$3,700.00 199.20

$ 3,500,80

Fixed Deposits Advance Accounts

---

Wages and gratuity held for an ex-employee of Gin Nih

Weaving Factory

Unclaimed dividends

Undistributed assets of bankrupt estates

94.93 2,699.16 1,376,176.79

Balances as at 31st March, 1961:

Cash at Bank Cash in Hand

$1,382,471.68

$1,031,900.00 107.24

$350,370.29 94.15

350,464.44

Note:

The above Statement includes only such assets of Bankrupt Estates as have been realized.

W. K. THOMSON, Registrar General, (Official Receiver), CERTIFICATE OF THE DIRECTOR OF AUDIT

6th September, 1961. 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, 20th September, 1961.

P. K. BOND,

Acting Director of Audit.

$1,382,471.68