Registrar-Generals-Department-Annual-report-1966-1967 — Page 90

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TABLE XXIII

THE CANTON TRUST AND COMMERCIAL BANK, LIMITED (IN LIQUIDATION) COMPANIES LIQUIDATION (C.T.) ACCOUNT

(subject to audit)

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 1967 (WITH TOTALS FOR THE PERIOD 12TH MAY 1965 TO 31st March 1967)

MARINE DEPARTMENT LIBRARY

{

RECEIPTS

PAYMENTS

Year ended

31.3.67

Period from 12.5.65 to 31.3.67

Year ended

31.3.67

Period from 12.5.65 to 31.3.67

Realization of assets: Cash and Bank balances $

Proceeds of property

realized:

Land and buildings... Other fixed assets

Book debts collected Stamp duty recovered...

548.55 $10,400,081.61

Payments for preservation

of assets:

Payments to complete

purchases

246,495.00

505.000.00

505,000.00

Property Tax

14,839.00

56,151.00

83,415,47

367,120.66

Rates (less refunds

7,929,198.63

20,115,468.00

received)

73,579.84

141,757.58

4,101.80

4,101.80

Crown Rent

Maintenance expenses.

327.25

16,112.20

662.04

26,700,20

$8,522,264.45

$31,391,772.07

$ 104,858.29

S

Property rental received...

Interest received:

On deposits at call

On book debts...

On deposit re sale of property

Disbursements recovered

(Less reallocations to

Expense Accounts)... ( 2,392.90)

Miscellaneous receipts

79,358.65

137,164.00

Expenses of Petition and Statement of Affairs

471,765.82

46,946.20

40,956.19 267,944.61 450,805,32

539,658.96

Expenses of realization of

assets:

4,844.22

4,844.22

812,447.79

On realization of assets On recovery of book debts...

2,588.00.

4,295,70

2,658.55

2,658.55

250.00

$9,096,085.93

7,203.25

964.83

Expenses of collection of book debts (recoverable from Debtors).

6,954.25

314,872.93

320,994.63

Miscellaneous payments...

1,724.80

$32,349,551.94

Collections for benefici-

aries of bills for collec-

tion:

Payments to Creditors: Preferential Creditors... Dividends to Unsecured Creditors

4,902.00

82,020.34

33,284,00 37,103,552.50

Sums collected...

Less payments to beneficiaries

... (

2,715.85)

8,936.85

8,936.85

Drawings by Official

37,185,572.84

Receiver on account of fees

++

++

368,587.00

795,987.00

Deposit received from licensee

++

5,000.00

5,000.00

Loan from Hong Kong Government:

Sums borrowed to make payments to Creditors

Interest paid on loan from Hong Kong Government Expenses of Liquidation to date

922,602.74

922,602.74

283,824.47

1,239,711.01

22,500,000.00

$2,038,177.98

$40,992,259.29

Less: Sums repaid to date

(6,500,000,00) 13,000,000.00

Balances as at 31st March 1967:

9,500,000.00

Due by Receivers under debentures

84

69

$2,598,370.08

$41,854,551.94

Cash in Hand

Balance of Companies

Liquidation (C.T.)

Account

Call Deposits in name of

Official Receiver

7,500.00

15,000,00

339,792,65

500,000.00

560,192.10

862,292.65

$2,598,370.08

$41,854,551.94TABLE XXIII-Contd.

STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST MARCH 1967