RECEIPTS
Balance as at 1st April 1971:
Cash in hand
Cash at bank
Sundry Deposits
PAYMENTS
Payments to Creditors:
$
253
525,556
Preferential Creditors
$ 525,809
Ordinary Creditors
$ 20,309 781,601
$ 801,910
6,000
Realization of Bankrupt assets
Interest on Fixed Deposits and Deposits at Call
Refund of deposits, rates, tax and maintenance fees etc. due to the Ming Tak Bank
Expenses and Disbursements re administration of bankruptcy estates
3,293,021
Official Receiver's Fees
277,587
62,051
95,433
Payments re The Ming Tak Bank:
Minor construction and maintenance
10,475
21,936
Refund of US$1,680 against traveller's
cheques
9,375
Suspense Account of the Ming Tak Bank (including interest earned)
Net rent refunded to purchaser
1,550
43,566
Repayment of Government Loan
2,040,000
Payment of interest on Government Loan
551,339
2,612,739
Unpresented cheque transferred back to Dividend Account Transfer from Bankruptcy Estates Account Fixed Deposits encashed
16
Refund of Sundry Deposits
1,848
8,628
200,000
Deposits at Call encashed
:
150,000
TH
---
Refund of net proceeds of sale on recision of Receiving Order re Kin Kwok Rubber Fty.
---
Transfer to Bankruptcy Estates Account, Supreme Court Transfer to Official Administrator on release of trusteeship Amount placed on Fixed Deposits for China Trade Invest- ment Co.
Amount placed on Deposits at Call
35,164
12,660
3,294
...
204,463
50,000
Balance as at 31st March 1972
Cash in hand
Cash at bank
250
282,443
282,693
$4,344,409
$4,344,409
97
STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST MARCH 1972
-LIABILITIES-
ASSETS-
Sundry Deposits
Less: expenses paid therefrom
23,285
5,420 $
Fixed Deposits
17,865
Deposit at Call
$1,754,462
50,000
Unclaimed dividends
Undistributed assets of Bankrupt estates
22,203
2,048,708
Advance Account:
Ming Tak Bank
Other bankruptcy cases
$5,344,965
1,621
5,346,586
Loan from Government re the Ming Tak Bank Less: repayments to date
FTI
10,038,000
5,040,000
Balance as at 31st March 1972 Cash in hand Cash at bank
250
282,443
282,693
Add: arrears of interest
4,998,000
346,965
5,344,965
$7,433,741
$7,433,741
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 will be recovered on realization of the Bank's properties.
W. HUME, Registrar General, (Official Receiver). 27th June 1972.
Aonaw
76
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