STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST MARCH 1971
LIABILITIES
ASSETS
Creditors' deposits for sundry purposes Less: expenses paid therefrom
25,303
3,449
Fixed Deposits
$1,750,000
$ 21,854
Deposits at Call
150,000
Unclaimed dividends
Undistributed assets of bankrupt estates Loan from Government re The Ming Tak Bank
169,610
2,234,808
Advance Account:
The Ming Tak Bank
Other bankruptcy cases
$7,537,839
463
7,538,302
$10,038,000
Less: repayments to date reduction after sale of Queen's Road property by the Mortgagee
1,500,000
Balance as at 31st March 1971:
Cash in hand Cash at bank
253
$25,556
525,809
1,500,000
3,000,000
Add: arrears of interest
$ 7,038,000
$ 499,839
7,537,839
$9,964,111
$9,964,111
96
Notes: (1) The above statements include only such assets of Bankrupt Estates as have been realized.
(2) The advances to The Ming Tak Bank have been made out of moneys made available by way of loan (on mortgage or otherwise secured) by the Hong Kong Government and are recovered on realization of the Bank's properties.
W. HUME, Registrar General, (Official Receiver). 25th June 1971.
70
Dr.
TABLE XXVIII
COMPANIES LIQUIDATION ACCOUNT
(subject to audit)
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 1971
Cr.
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