Registrar-Generals-Department-Annual-report-1964-1965 — Page 42

Fees

120. The Official Receiver's fees and commission charged during the year totalled $65,071 as follows:

Bankruptcy

Companies Liquidation

+

T

$48,531

16,540

$65,071

This was some $11,600 less than in the previous year. The fees collected in a year are not a reliable index to the amount of work during that year, for 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 VII

OFFICIAL TRUSTEE AND JUDICIAL TRUSTEE

Explanatory

121. The Official Trustee's functions are laid down in Part VII of the Trustee Ordinance 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.

Administration of Trusts

122. The number of trusts administered remained unchanged at seventeen, including seven resuscitated the previous year by allocations from the Official Trustee's pre-war bank account.

123. The Registrar General continued to act as Judicial Trustee of one estate on behalf of which $9,223 was held at the close of the year.

Trust Funds

124. Table XXV sets out the Official Trustee's receipts and payments for the year, and the assets and liabilities of the trusts administered by him as at 31st March 1965. The total income of the trusts, being interest and dividends on investments, fixed deposits and bank accounts, amounted

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