Registrar-Generals-Department-Annual-report-1961-1962 — Page 91

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TABLE XXXIV

OFFICIAL RECEIVER (IN BANKRUPTCY) ACCOUNT

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST March 1962

RECEIPTS

To Balances as at Ist April 1961:

..

Cash at Bank

Cash in Hand

...

Creditors' Deposits for sundry purposes Realizations of assets of bankrupt estates Costs awarded to Official Receiver

PAYMENTS

By Payments to Creditors:

$350,370.29

Preferential creditors

94.15 $ 350,464.44

Dividends to creditors

Interest on fixed deposits and bank account. Fixed Deposits cashed

13,202.75 687,643.69

400.00

72,430,24 1,586,900.00

Cr.

84,104.43 233,747.37 $ 317,851,80

!

62,148.94

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

ruptcy Estates Account

---

Official Receiver's Fees

,,

>> Payments to redeem securities

11

Payment into Court under Court Order

++

Refund of Deposits

77

Placed on Fixed Deposits

Interest Tax

"+

Balances as at 31st March, 1962 :

Cash at Bank

.$1,004,320.71

1,852.33 43,613.86 16,259.56

4,172.00 4,333.74 1,255,000.00

284.81

1,203.87 1,005,524.08

Cash in Hand

!

$2,711,041,12

STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST MARCH 1962

LIABILITIES

ASSETS

$2,711,041.12

Creditors' Deposits for sundry purposes

Less expenses paid therefrom

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

Weaving Factory

Unclaimed dividends

---

Undistributed assets of bankrupt estates

Note:

$12,371.44

Fixed Deposits ...

639.14 $ 11,732.30

Advance Accounts

Balances as at 31st March, 1962;

95.90 340,656.52 1,353,691.20

Cash at Bank

Cash in Hand

$1,706,175.92

700,000.00 651.84

$1,004,320.71

1,203.37 1,005,524.08

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

CERTIFICATE OF THE DIRECTOR OF AUDIT

W. K. THOMSON, Registrar General. (Official Receiver). 21st May 1962.

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, 18th July 1962.

W. J. D. COOPER, Director of Audit.

$1,706,175.92

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