No.
123
518
687
272
Classification by amount or nature
of the debt
Less than $2 $2 to $999
$1,000 to $4,999
$5,000 to $9,999
Number and total amount of Debts as at 12th May 1965
Number and Total outstanding at 31st March 1967
$
No.
$
121
175,000
383
123,000
1,787,000
549
1,155,000
1,904,000
244
1,446,000
$10,000 to $19,999
181
2,584,000
163
1,876,000
$20,000 to $49,999
206
6,461,000
179
4,694,000
Exceeding $50,000
273
131,742,000
257
114,815,000
Staff Housing Loans ($50,000
and over) on long terms
49
2,281,000
48
2,198,000
Special Accounts not neces-
sarily representing recover- able debts
37
1,153,000
8
658,000
Insurance accounts omitted from Statement of Affairs
9,000
2,346
$148,087,000
1,952
$126,974,000
121. During the year final demands were made on all debtors and guarantors, and a great deal of time was spent in considering pro- posals made by debtors and guarantors for payment by instalments and also in initiating legal proceedings in many cases. As will be evident from the above figures, a vast amount of work remains to be done, and there is therefore no prospect of the liquidation being completed for some years to come.
122. Once again, special tribute must be paid to the valuable advice and assistance given by the four members of the Committee of Inspection, who have spent an enormous amount of time and careful thought on the many difficult problems confronting them at every monthly meeting.
123. The special unit set up in the previous year to investigate certain aspects of the case continued its investigation throughout the year. At the end of March 1967 it was in course of moving to new premises taken for it in the United Chinese Bank Building, to which many of the records were being transferred for ease of reference.
The Ming Tak Bank
124. This Bank collapsed in January 1965 and its affairs have since been in the hands of the Official Receiver as Trustee in Bankruptcy of the sole proprietor. During the year, three multi-storeyed buildings that had been in the course of construction by the proprietor of the
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