40.55 484,572,89
$ 10,228,942.36
$359,185.00 10.75 $
Dr.
TABLE XXII
OFFICIAL RECEIVER (IN BANKRUPTCY) ACCOUNT
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 1966
RECEIPTS
To Balances as at 1st April 1965:
55
>>
59
Cash at Bank
Cash in Hand
...
...
...
Creditors' Deposits for sundry purposes Realizations of assets of bankrupt estates Interest on fixed deposits and deposits at call Loan from Hong Kong Government. Miscellaneous receipts
...
...
By Payments to Creditors:
Preferential creditors
Dividends to creditors
Bankruptcy Estates Account (Supreme Court) Official Receiver's Fees
Cr.
PAYMENTS
$ 1,781.90
359,195,75
298,088.04 $
299,869.94
15,800.00
1,572,631.17
55
Transfer to a Bankrupt's Trustee
38,484.05
81,312.19
55
Payment to redeem securities
78,700.00
8,200,000.00
77
Expenses of administration of bankrupt estates Unclaimed assets and dividends transferred to
320,833.76
3.25
>>
33,409.21
48,434.44
..
Refund of surplus of Bankrupt Estate
59,948.87
>>
Refund of Deposits
3,381.09
>
Payments re The Ming Tak Bank:
Completion of Contract
Consideration for-
(a) Cancellation of Agree-
$108,340.45
ment for Sale
+
$142,000.00
(b) Reassignments of
Shares in Syndicate 60,000.00 202,000.00
Interest on and repayment of mortgages and loans
8,550,967.66
8,861,308.11
Balances as at 31st March 1966:
Cash at Bank
$484,532.34
79
Cash in Hand
$ 10,228,942.36
STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST MARCH 1966
ASSETS
Creditors' Deposits for sundry purposes Less expenses paid therefrom
Sundry creditors
Unclaimed dividends
Undistributed assets of bankrupt estates Loan from Hong Kong Government
---
$21,322.68 3,235.60 $
Fixed Deposits
18,087.08
Deposits at call
1,751.18
Advance accounts
7,877.02
Balances as at 31st March 1966:
...
2,237,161.51
8,200,000.00
$ 10,464,876.79
Cash at Bank
Cash in Hand
::
...
$484,532,34 40.55
$ 1,650,000.00 130,000.00
8,200,303.90
484,572.89
$ 10,464,876.79
Note: The above Statement includes only such assets of Bankrupt Estates as have been realized.
CERTIFICATE OF THE DIRECTOR OF AUDIT
W. HUME, Acting Registrar General, (Official Receiver). 26th May 1966.
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, 27th September 1966.
P. T. WARR, Ag. Director of Audit.
LIABILITIES
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