Registrar-Generals-Department-Annual-report-1971-1972 — Page 104

ASSETS

TABLE XXVI-Contd.

STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST MARCH 1972

LIABILITIES

Preferential creditors:

Total per Statement of Affairs (as adjusted) $ 278,892 Less: Amounts claimed and paid to date...

Unclaimed dividends to unsecured creditors:

278,607

$

285

Unsecured creditors, per Statement of Affairs (as adjusted) HK$150,521,543

Cash and Bank balances: Cash in Hand:

Petty Cash Accounts

Current Accounts with Bankers;

Companies Liquidation

Current Account

2,500

First Second Dividend Dividend 25% 10%

Third

Dividend

15%

(C.T.) Account:

$ 144,877

Unclaimed Dividend Account

28,105

172,982

Deposits with Bankers:

Dividends

declared

(rounded up

to the next higher fifty

cents)

Less: Amounts claimed and paid to date (less recover-

$37,654,539 $15,077,608 $22,577,600

Fixed Deposits Call Deposits

$10,473,947

403,308

10,877,255

$11,052,737

96

ies) including

settlements

otherwise than in cash

37,276,844 14,300,903

19,356,979

377,695 $ 776,705 $3,220,621

Special Account-Collections in excess of the balance due from a Debtor, held in suspense pending refund

4,375,021

Excess of Assets over liabilities as at 31st March 1972

124,774

6,552,657

$11,052,737

$11,052,737

Notes: (1) As at 31st March 1972 a sum of HK$500,000 and interest thereon, included in Fixed Deposits, was held by Bankers against surety given to the Court on behalf of the Liquidator in respect of a contingent liability to refund certain payments received for account of a debtor. The Liquidator's liability in this respect was extinguished subsequent to 31st March 1972.

(2) The foregoing Balance Sheet reflects:

(a) Only such Assets as had actually been realized up to 31st March 1972.

(6) Amounts due to Preferential and Unsecured Creditors irrespective of whether their claims had been admitted as at 31st March 1972.

(c) Adjustments found, since 12th May 1965, to be necessary in respect of the accounts of Preferential and Unsecured Creditors reported in the Statement of Affairs as at that date.

W. HUME, Registrar General, (Official Receiver). 27th June 1972.

ow

Dr.

TABLE XXVII

OFFICIAL RECEIVER (IN BANKRUPTCY) ACCOUNT

(subject to audit)

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 1972

Cr.