59
Dr.
TABLE XXIV
COMPANIES LIQUIDATION ACCOUNT
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31st March, 1961
PAYMENTS
Cr.
By Sundry Liquidation expenses of Companies in
Voluntary Liquidation...
•
Dividends or returns of capital to creditors and shareholders of Companies in Voluntary Liquidation Interest on investment for North China Daily News & Herald, Ltd. (in Voluntary Liquidation) paid to Liquidators
, Sundry Liquidation expeuses of Companies in Com-
pulsory Liquidation
---
Payments to creditors of Companies in Compulsory
Liquidation:
Preferential creditors
Dividends to creditors
557.28
23,427.69
214,46
12,014,99
$ 14,962.86 128,961.14
143,924.00
RECEIPTS
To Balance as at 1st April, 1960:
Cash at Bank
Cash in Hand
$202,378.98
47.19 $ 202,426,12
"J
Undistributed assets of Companies in Voluntary
Liquidation
-,
-
·
DID
1,275.99
7
Unclaimed dividends or returns of capital of Com-
panies in Voluntary Liquidation
99,265.32
Realizations of assets of Companies in Compulsory
Liquidation
43,873.19
>
77
Mortgage loan received as Provisional Liquidator of
Tak Ming Co., Ltd.
1,200,000.00
77
Received from flat purchasers of Peony House West
Block Ltd.
1,108,919.58
"
Premium and Crown Rent re Peony House West Block
Ltd. received on account
Interest on investments, bank account and fixed Deposits
3,159.00 40,081.23
$2,699,000.43
19
Payments re Tak Ming Co., Ltd.:
Transferred to Special Manager $ 150,000.00
Payment to redeem security
1,042,927.72
Sundry administration expenses... 5,340.55
1,198,268.27
""
Payments re Peony House West Block Ltd.:
Transferred to Special Manager ...$ 927,000.00 Payment into Court pending
further order
---
6,519.20
15
Interest Tax on mortgage
Official Receiver's Fees and Commission
Refunds to flat purchasers
10,675.00 2,658.79
*
Released to Receivers of Golden City Theatre Ltd. Transferred to General Revenue;
946,852.99 378.40 118.52
Accrued interest
39,148.07
Unclaimed balances
92,735.62
131,883.69
Balances as at 31st March, 1961:
Cash at Bank
$236,126.48
Cash in Hand
5,233.66
241,360.14
$2,699,000.43
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