Registrar-Generals-Department-Annual-report-1969-1970 — Page 98

LIABILITIES

Preferential creditors:

Total per statement of affairs, as adjusted... $ 278,892 Less: Amounts claimed and paid to date..

278,607

ASSETS

Cash and Bank balances: Cash in Hand:

Petty Cash Accounts Second Dividend Account

2,000

2,945

$

GA

285

4,945

Unclaimed dividends to unsecured creditors:

Unsecured creditors per statement of affairs (as adjusted) HK$150,630,685

Current Accounts with

Bankers:

Companies Liquidation

(C.T.) Account:

Current Account

$1,103,016

Dividend Account

74,436

First

Dividends declared

Second Dividend Dividend 25% 10% $37,657,671 $15,063,069

1,177,452

Deposits with Bankers: Fixed Deposits Call Deposits

$3,900,000 1,000,000

Less: Amounts claimed and

4,900,000

paid to date (less

$6,082,397

recoveries)

$

37,286,048 14,211,750. 371,623 $ 851,319

1,222,942

Deposits received from licensees and tenants of premises Excess of assets over liabilities as at 31st March 1970

$6,082,397

19,280

4,839,890

$6,082,397

92

Note: The foregoing Balance Sheet reflects:

(1) Only such Assets as had actually been realized up to 31st March 1970.

(2) Amounts due to Preferential and Unsecured Creditors irrespective of whether their claims had been admitted as at 31st March 1970, (3) Adjustments found, since 12th May 1965, to be necessary in respect of the accounts of Preferential and Un- secured Creditors reported in the Statement of Affairs as at that date.

W. HUME, Registrar General, (Official Receiver). 5th June 1970.