Sub-enclosure 2.
52
COPY
No.3/167.
Sir,
Exchequer and Audit Department,
Somerset House. W.C.
7th July, 1899.
I am directed by the Comptroller and Auditor General
to acknowledge the receipt of your letter No.4 of 18th May on
the subject of the conversion into currency of certain transactions appearing in sterling in the accounts of the Crown Agents
for the Colonies, and suggesting that, in order to obviate the
difficulties in accounting which have been experienced in the
past, such entries, which relate principally to short loans out
of sterling balances held on account of the Colony or money
placed on fixed deposit in a Bank, may be omitted from the
accounts current rendered by the Crown Agents.
2. In reply I am to state that the Comptroller and
Auditor General sees no objection to the adoption of your proposal, and concurs in your view that it would materially simplify the accounts as kept in currency.
3. Should your suggestion be adopted, the total
amount held by the Crown Agents on account of the Colony should
H. C. Nicolle Esq.
Audit Office Hong Kong.
be