Registrar-Generals-Department-Annual-report-1972-1973 — Page 103

Dr.

TABLE XXVII

OFFICIAL RECEIVER (IN BANKRUPTCY) ACCOUNT

(subject to audit)

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31st MARCH 1973

RECEIPTS

Balance as at 1st April 1972:

Cash in hand...

Cash at bank...

Sundry Deposits

95

Cr.

$

55,745 2,457,637 $ 2,513,382

502,306

...

116,660

PAYMENTS

Payments to Creditors:

$

250 282,443 $ 282,693

Preferential Creditors

Ordinary Creditors

8,900

12,593,953

...

Expenses and Disbursements re administration of bankruptcy estates

K

Official Receiver's Fees

...

:

109,798

:..

4,374

Payments re The Ming Tak Bank:

Minor construction and maintenance Net rent refunded to purchaser Repayment of Government Loan

Payment of interest on Government Loan.

Refund of Sundry Deposits

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

Amount placed on fixed deposit:

for Bankruptcy Account

for Ming Tak Bank

for China Trade Investment Co.

6,900

104,144

4,948,000

595,437

5,634,481

***

6,914

250,000

292,773

8,117

550,890

2,783,921

...

1,014

890,150

891,164

$12,999,718

Amount placed on call deposit for Ming Tak Bank

Balance as at 31st March 1973;

Cash in hand

---

Cash at bank

$12,999,718

ASSETS

STATEMENT OF ASSETS AND LIABILITIES AS AT 31st March 1973

LIABILITIES

Sundry Deposits

Less: expenses paid therefrom Unclaimed dividends Undistributed assets of bankrupt estates

---

25,985

8,427 $

Fixed Deposits

17,558

597,080

5,416,059

Deposits at Call

Advance Account

:

:

$ 2,305,352

2,833,921

260

1,014

890,150

$ 6,030,697

Balance as at 31st March 1973:

Cash in hand.. Cash at bank.

Note: The above statements include only such assets of Bankrupt Estates as have been realized.

P. JACOBS,

Acting Registrar General, (Official Receiver).

25th June 1973.

891,164

$ 6,030,697

Ow

W

Dr.

TABLE XXVIII

COMPANIES LIQUIDATION ACCOUNT

(subject to audit)

STATEMENT of Receipts AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 1973

Cr.

RECEIPTS

PAYMENTS

Balance as at 1st April 1972:

Cash in hand...

Cash at bank...

241

1,291,439

$1,291,680

Dividends or returns of capital to creditors and shareholders of Companies in Voluntary Liquidation Interest on Investments (re Voluntary Liquidation) paid to Liquidator

$

3,991

185

Unclaimed dividends and returns of capital received from Companies in Voluntary Liquidation

Payments to creditors of Companies in Compulsory

48,268

Liquidation:

Preferential Creditors

$ 291,227

Realization of Assets of Companies in Compulsory Liquidation

Ordinary Creditors

158,865

450,092

3,530,168

---

Sundry Deposits

23,100

Sun Fat Co., Ltd.

Interest on investments and deposits at bank

110,946

Transfers from Companies Liquidation (C.T.) Account

334,500

Payments towards completion of Kin Yuen Mansion:

Expenses and disbursements re administration of

Companies in Compulsory Liquidation

1,636,173

Refund of Sundry Deposits

176,427

7,241

Deposits encashed:

Official Receiver's fees & commission:

Fixed Deposits

218,097

Voluntary Liquidation

61

Call Deposits...

89,511

Compulsory Liquidations

144,505

144,566

Transfer to General Revenue:

37,915

Transfer to Supreme Court

131,204

Accountants' fee (Canton Trust Account)

Professional Auditors' fee (Canton Trust Account)

319,500

15,000

Amounts placed on Fixed Deposit

785,054

++

Amounts placed on Deposits at Call

832,666

Balance as at 31st March 1973;

Cash in hand...

243

Cash at bank..

1,106,013

1,106,256

$ 5,646,270

$ 5,646,270