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50 CENTS ON DOLLAR FOR STOCKHOLDERS National Real Estate Trust Company Owners May Get No More RECEIVER FILES ANOTHER REPORT Peter J. Wright, receiver for the National Real Estate Trust Company has filed his report with Chancellor Curtis. He asks for an order for the payment of the receivership expenses and for a distribution on the basis of 50 cents on the dollar. The report shows that the receiver collected from the sale of the property of the company, $34,788.20, an increase of $12,564.86 over the inventory valuation of the property. The expenses of the receivership to date, including allowances of $2,000 to the receiver, $2,000 to the attorney, $1,500 to the special master and the stenographer, amount to $6,383.01, leaving a balance in hand of $28,395.19. There are still two uncollected mortgages-one of $6,000 on the Eighth Street Baptist Church and one for $387.91 on St. Luke's M. E. Church of Hockessin. There were 787 claims filed, which were reduced to 737 by a former order of the chancellor. Of the claims $118.86 are wage claims, and will receive a preference, being paid in full. $410.90 were paid in advance before the receivership proceedings by holders of the thrift certificates. After all expenses of the receivership are paid, there remain for division $26,681.50. To make settlement on a basis of fifty cents on the dollar would require $25,623.06.
