In Re International Match Corp. Ehrhorn v. International Match Realization Co., Limited

Before September 22, 1938, § 40, sub. a of the Bankruptcy Act provided that “Referees shall receive as full compensation for their services, payable after they are •rendered * * * from estates which have been administered before them, 1 per centum commissions on all moneys disbursed to creditors by the trustees * * By the Chandler Act, Congress amended this section, effective September 22, 1938, by adding: “The judge may, however, *466by standing rule or otherwise, fix a lower rate of compensation, so that no referee shall receive excessive compensation during his term of office * * *.”

Accordingly…