.
LIABILITIES
ASSETS
Preferential creditors:
Total per statement of affairs, as adjusted..... $ 115,396 Less amounts claimed and paid to date
Cash and Bank balances: Cash in hand...
$
14,154
82,370 $ 33,026
Bank balances:
Unclaimed dividends to unsecured creditors:
Companies Liquidation (C.T.) Account... Deposits at call
224,580
500,000
$ 738,734
Unsecured creditors per statement of affairs (as adjusted) HK$151,050,414
Advances to receivers appointed under a debenture
70,000
First dividend of 25% thereof
37,762,604
Less amounts claimed and paid to date
37,221,190
541,414
Advances for account of debtors, recoverable from proceeds of property held: Amounts advanced
Loan from Hong Kong Government:
87,594
Total amount borrowed
22,500,000
Less repayments to date
18,500,000
4,000,000
Excess of liabilities over assets as at 31st March 1968:
Deposits received from licensees for use of
to be made good out of realizations of assets remaining in the estate
3,713,503
premises
8,800
Receipts held in suspense:
(pending further action)
Amounts received
1,756,801
Less part thereof held on fixed deposit
with bankers
1,730,210
26,591
$4,609,831
$4,609,831
92
(1) Only such assets as have actually been realized up to 31st March 1968.
(2) Amounts due to preferential and unsecured creditors irrespective of whether their claims had been admitted as at 31st March 1968.
(3) Adjustments found, since 12th May 1965, to be necessary in respect of the accounts of preferential and unsecured creditors recorded in the statement of affairs as at that date.
W. HUME, Registrar General, (Official Receiver). 31st July 1968.
Notes:
The foregoing balance sheet reflects:-
70
Page 100Dr.
TABLE XXVII
OFFICIAL RECEIVER (IN BANKRUPTCY) ACCOUNT
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 1968
Cr.
RECEIPTS
PAYMENTS
Balances as at 1st April 1967:
Payments to creditors:
Cash at Bank
L
$603,394
Preferential creditors
$ 12,261
Cash in hand
109 $ 603,503
Dividends to creditors
581,740 $ 594,001
Creditors' Deposits for sundry purposes Realization of assets of bankrupt estates
9,400
Expenses on administration of bankrupt estates
210,533
1,377,496
Official Receiver's Fees
88,441
Interest on Fixed Deposits, Deposits at Call and Investments Loan from Hong Kong Government re The Ming Tak Bank Refunds of deposits, rates, tax and maintenance fees etc. due to The Ming Tak Bank Miscellaneous receipts
95,124
Refund of Deposits
3,926
138,000
Payments re The Ming Tak Bank:
Completion of contracts
$240,538
31,316
Minor construction and maintenance
18,760
...
Interest on Government Loan
261,060
520,358
Transfer to Revenue on release of trusteeship
2,656
Transfer to Bankruptcy Estates Account, Supreme Court
14,163
Placed on Deposit at Call
200,000
...
Placed on Fixed Deposit
170,000
Miscellaneous Payments
20
Balances as at 31st March 1968:
Cash at Bank
$450,266
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