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VOTE 10. BANKRUPTCY DEPARTMENT OF THE BOARD OF TRADE. ACCOUNT of the Sum Expended, compared with the Sum Granted, to meet the Deficiency of
Income from Fees, &c., for the requirements of the BOARD OF TRADE, under the BANKRUPTCY Acts of 1883 and 1890, and THE COMPANIES (WINDING-UP) ACT, 1890, in the Year ended 31st March 1906, showing the Surplus or Deficit upon each Sub-Head of the Vote.
Expenditure, compared with Grant.
More than Granted. than Granted.
NET TOTAL GRANT £
Net Actual Expenditure less than the Estimate
4,897 10 6
5,806 19 1
5,806 19 1
Note.-By Section 77 of the Bankruptcy Act, 1883, and Section 19 of the Companies (Winding-up) Act, 1890, the Treasury is empowered to issue out of the Fees, &c., recovered under the Acts such sums as may be required towards meeting the charge for Salaries and Expenses of the Department. The advance so required was estimated, above, at
The amount actually drawn from the Treasury was : on account of Bank. ruptcy, 109,2501., and on account of Companies, 19,2501. There remains, therefore, undrawn.
Bankruptcy. Companies. Of the amount drawn from the Treasury, £.
£. $. d. namely ·
19,250 There was actually expended
108,681 4 18,599 5 6 There remains, therefore, a Net Surplus in
the hands of the Board of Trade to be repaid of
650 14 6
To which is to be added the Grant to be surrendered, viz.
Making (as shown in the Account) a total difference, being Saving, of
4,897 10 6
2. A new Sub-Head, “ Losses incurred through payment in error,” has been introduced into the Account with Treasury sanction for the purpose of recording a payment of 601. 98. 8d. made to the wrong person through an oversight. It is understood that it has not been possible up to the present to take any steps for the recovery of the money, as the person to whom it was paid has left the country.
3. Certain debit balances of Estates Accounts, which have arisen through insufficiency Balances on of assets, have been written off with the sanction of the Treasury, as irrecoverable, and Estates. charged as follows : To the Vote (under the proper Sub-Heads):
£. d. Bankruptcy
871 16 7 Companies (Winding-up)
4. The unexpended Parliamentary Grant to be surrendered to the Exchequer is 81. The Treasury advance from Revenue exceeded the actual expenditure by 1,2191
. 108. 6d., and this amount will have to be repaid to that Department or otherwise adjusted.
Surrender of Grant and Repayment to the Treasury. Fees, &c., received during the year.
5. Appended to this Report is a Statement (A) which has been made up in my Department, showing that the total amount received in the year in respect of proceedings in Bankruptcy and Companies Liquidation, and for dividends on Funds invested, was 166,7371. 98. id.
Additional 6. From the appended Statements, furnished by the Treasury, it appears that, in
with Bankruptcy proceedings and with Companies administration, amounting to Parliament61,0191. 158. 1d. and 8,2231. 138. ld. respectively, were charged against other Votes of
Parliament in that year.
In respect of the first of these amounts a net sum of 26,8591. 28. 4d. is shown in the Statement as payable to the Exchequer, and this, together with the above-mentioned sum of 8,2231. 138. 1d., has been duly paid over.
(B.) to (B. 2).
Statements 7. Two further Statements compiled in my Department are appended, showing the Receiptsand Receipts into, and Payments out of the Bankruptcy Fees and the Companies (WindingPayments.
up) Act Fees Accounts respectively, during the year ended 31st March 1906, and the balances in the hands of the Paymaster General on that date.
(C.) (C. 1).
John A. Kempe, Comptroller and Auditor General.
CLASS II.- continued.
VOTE 10.-BANKRUPTCY DEPARTMENT OF THE BOARD OF TRADE-continued.
STATEMENTS referred to in the foregoing REPORT.
STATEMENT of Fees and other Receipts in the Year ended 31st March 1906.
:Fees collected by the Inland Revenue Department by means of Stamps
54,636 16 7
Dividends on Funds invested by the Treasury under Section 76 of the
Bankruptey Act, 1883
17,756 17 2
Fees collected by the Inland Revenue Department by means of Stamps
Fees from County Courts
420 10 10
Dividends on Funds invested by the Treasury under Section 16 of the
Companies Liquidation Act, 1890
13,334 - 11