Registrar-Generals-Department-Annual-report-1960-1961 — Page 66

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TABLE XXIV-Contd.

COMPANIES LIQUIDATION ACCOUNT

STATEMENT OF ASSETS and Liabilities as at 31ST MARCH, 1961

Investments (General) :

ASSETS

£20,000 3% Savings Bouds, 1955-65 (at cost) Investment (North China Daily News & Herald, Ltd.):

£393.19.11. 31% War Loan, 1952 or after (at cost)... Fixed Deposit (North China Steamship (H.K.) Ltd.) Deposit with Joint Miscellaneous Fund (General) Advance Accounts

Overpayments in respect of undistributed assets:

Hong Kong Government Sundry persons (see note 1)

LIABILITIES

Voluntary Liquidations :

Unclaimed returns/dividends .....

642,641.16

Undistributed assets

135,951.52 $ 778,592.68

Compulsory Liquidations:

Unclaimed dividends

$

Undistributed assets

---

11,875.91 193,889.56

205,765.47

Sum held as Provisional Liquidator of

Tak Ming Co., Ltd.:

Total receipts to 31.3.61

.$1,211.955.50

unclaimed balances

Less total payments to 31.3.61

1,208,743.07

3,212,43

Balances as at 31st March, 1961:

Cash at Bank

Premium and Crown Rent payable re Peony House West

Block Limited

Cash in Hand

3,159.00

$990,729.58

$321,324.93

4,243.35 20,000.00 400,000.00 268.20

$ 1,711.80

331.03

2,042.83

1,490.13

$ 236,126.48 5,233.66

241,360.14

$990,729,58

Overpayment to Hong Kong Government in respect of

Note: 1. Recovery of the $331.03 is unlikely and the asset must be considered of doubtful value.

2. The market value of the investments as at 31st March, 1961 was as follows:

£20,000. 0.03% Savings Bonds, 1955-65

£ 393.19.11 31% War Loan, 1952 or after

@ 91

= $291,200.00 @ 58 -- $ 3,656.27 $294,856.27

3. The above Statement includes only such assels of Companies in Compulsory Liquidation as have been realized,

CERTIFICATE OF THE DIRECTOR OF AUDIT

W. K. THOMSON, Registrar General, (Official Receiver). 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.