Registrar-Generals-Department-Annual-report-1968-1969 — Page 101

TABLE XXVIII

COMPANIES LIQUIDATION ACCOUNT

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 1969

(subject to audit)

Cr.

RECEIPTS

Balance as at 1st April, 1968:

Cash in hand

Cash at bank

$

Unclaimed dividends and returns of capital received from Companies in Voluntary Liquidation

35

386,677

$ 386,712

Interest on investments paid to Liquidators...

31,249

Realization of assets of Companies in Compulsory

Liquidation

1,117,458

Deposits for sundry purposes

Transfers from Companies Liquidation (C.T.) Account

7,500

356,200

PAYMENTS

Dividends or returns of capital to creditors and shareholders

of Companies in Voluntary Liquidation

Payment to creditors of Companies in Compulsory Liquidation:

Preferential creditors

Ordinary creditors

ITT

Payment to receivers under debentures

Sundry liquidation expenses of Companies in Compulsory

$

1,449

1,349

Interest on investments and deposits at bank:

Liquidation

General Liquidation Account

$113,092

Premium and Crown Rent

Peony House West Block Ltd.

12,329

Refund of deposits for sundry purposes

Grand Hotel Ltd.

13,204

Official Receiver's fees & commission

Oriental Mercantile Co. Ltd.

1,169

Transfer to revenue:

North China Daily News & Herald Ltd.

200

139,994

Interest on investments

Miscellaneous

2

$290,982

63,375

354,357

14,466

100,033

4,868

4,420

54,113

$113,092

10,070

123,162

15

95

---

Unclaimed balances and dividends

Transfer to Registrar General's Department Headquarters... Accountant's fees:

Canton Trust Account

Other Companies in Liquidation

Auditor's fees

Amount placed on Deposit at Call (General Liquidation Account)

$ 252,200

6,565

258,765

93,000

200,000

Amount placed on Fixed Deposits:

General Liquidation Account

$ 300,000

Oriental Mercantile Co. Ltd.

44,000

344,000

Transfer to Joint Miscellaneous Funds £5,000

72,727

Balance as at 31st March 1969;

Cash in hand

213

412,178

412,391

$2,039,115

$2,039,115

Cash at bank

STATEMENT OF ASSETS AND LIABILITIES as at 31st MARCH 1969

LIABILITIES

Voluntary Liquidations:

Unclaimed returns/dividends

Undistributed Assets

Compulsory Liquidations: Unclaimed dividends Undistributed Assets

Deposit for sundry purposes Less expenses therefrom

$305,043

165,730

$ 470,773

27,227 2,726,905 2,754,132

24,494

5,775

18,719

$3,243,624

ASSETS

Investment re North China Daily News & Herald Ltd.: £393.19.11 31% War Loan 1952 or after (at cost) Deposit with Joint Miscellaneous Funds £50,000 Fixed Deposits:

General Liquidation Account

Oriental Mercantile Co. Ltd.

General Liquidation Account

Deposits at Call:

Peony House West Block Ltd. Grand Hotel Ltd.

Advance Account

Balance as at 31st March 1969:

Cash in hand

Cash at bank

S

L

$

3,857

727,272

$ 300,000

44,000

344,000

1,310,000

245,000

200,000

1,755,000

717

1,104

213

412,178

412,391

$3,243,624

W. HUME,

Registrar General,

(Official Receiver). 25th June 1969.

Notes: (1) The above statement includes only such assets of Companies in Compulsory Liquidation as have been realized.

(2) Except for certain administrative expenses, the figures given in the above statement exclude transactions relating to the Canton Trust & Commercial Bank Ltd., for which a separate statement has been prepared. (3) The market value of the investment as at 31st March 1969 was as follows: £393.19,11 34% War Loan, 1952 or after

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@421

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$2,436