TABLE XXVI
THE CANTON TRUST AND COMMERCIAL BANK LIMITED (IN LIQUIDATION) COMPANIES LIQUIDATION (C.T.) ACCOUNT
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 1972 (WITH TOTALS FOR THE PERIOD 12TH MAY 1965 to 31st March 1972)
Dr.
Cr.
RECEIPTS
PAYMENTS
Year ended
31st March 1972
Period from 12th May 1965 to 31st March 1972
Year ended
31st March 1972
Period from 12th May 1965 to
31st March 1972
Balances as at 31st March 1971:
Payments for preservation of Assets:
Cash in Hand
...$
Balances with Bankers:
Current Accounts
Fixed and Call
On Deposits re Sale
Deposits
Realization of Assets:
Cash and Bank Balances $
Proceeds of property
realized:
Land and Buildings
Deposits on un- completed Sales
Other Fixed Assets
Book Debts collected Stamp Duty Recovered...
Property Rental Received
Interest Received:
On Deposits with Bankers
On Book Debts
of Property
4,568
245,006
21,527,898
Payments to complete
purchases
$
Property Tax
247,270
57,451
Rates (less refunds
received)
609
Crown Rent
198,209
1,291
$21,777,472
Insurance of buildings
and contents
$10,400,081
Maintenance Expenses.
100
2,305
33,542
107,668
S
3,014
$ 645,431
190,000
6,495,578
Expenses of Petition and Statement of Affairs
47,095
(2,000)
7,736,776
27,000
506,590
63,579,151
4,102
Expenses of Realization of Assets:
On realization of Assets $ 1,731 On recovery of Book
7,924,776
17,340
$81,012,502
Debts (less recoveries)
54,497
18,138
236,612
505,622
56,228
Expenses on Collection of Book Debts (recoverable from Debtors)
80,093
254,750
1,647,573
.$ 1,141,615 2,352,957
$ 2,461,179 7,786,117
34,690
Miscellaneous Payments (temporarily held in Suspense)...
5,683
13,843
3,494,572
10,281,986
Payments to Creditors:
Unsecured Creditors:
Rental Deposits
Preferential Creditors ...$
$ 278,607
Disbursements Recovered
7,258
refunded
5,020
Dividends Paid:
Miscellaneous Receipts
Collections for Beneficiaries of Bills
10,000
$33,224,160
26,238
$91,833,605
First
Second
(3,895)
18,607
37,278,125
14,300,903
Third
19,345,485
19,345,485
19,360,197
71,208,140
for Collection, etc.:
Sums collection
...$
payments to Creditors
Less: Payments to beneficiaries
Deposits Received from Licensees and Tenants
Loans from Hong Kong Government: Sums borrowed to make
Less: Sums repaid to date
$ 10,437
10,437
Drawings by Official Receiver on Account of Fees ...
Legal Expenses in Special Civil Action Interest paid on loan from Hong Kong Government
491,500
6,760
2,610,087
62,295
1,695,579
---
(3,400)
Expenses of Liquidation to date
450,350
$20,453,824
. 2,720,849
$80,905,642
$22,500,000
22,500,000
Balances as at 31st March 1972: Cash in Hand:
Balances with Bankers:
Proceeds of Sale of a Debtor's Property held in suspense: Receipts
...$
Less: Expenditure
...
7,085
10,678
$ 1,979,325
$ (3,593)
143,946
1,835,379
Current Accounts Fixed and Call
Deposits
2,500
172,982
10,877,255
2,500
172,982
10,877,255
11,052,737
11,052,737
95
56
(1,835,379)
—
(1,838,972)
124,774
124,774
$31,506,562
$91,958,379
$31,506,562
$91,958,379
Less: Amount transferred
to Debtor's Account... (1,835,379)
Collections in excess of the balance
due from a Debtor, held in suspense pending refund
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