396
of $68,793.77 under the Head "Military Expenditure".
The Detailed Statement of Expenditure is forwarded herewith.
ASSETS AND LIABILITIES.
4. The Statement of Assets and Liabilities, as rendered by the Treasurer, shows an excess of Assets on 31st December 1902 of $66,869.88 as compared with an excess of Assets of $1,056,523.54 on 31st December 1901.
5. LOCAL AUDIT.
The Examination of the Revenue and certain other Accounts was conducted under my directions by the Officers of my Department stationed in the Colony.
The Local Auditor also inspected during the year the Accounts of the Dependency of Wei-Hai-Wei.
OUTSTANDING QUESTIONS.
6. The points referred to as outstanding in my Report on the Account for 1901 have been satisfactorily dealt with, but certain questions in connection with the 1902 Account are awaiting settlement.
D.J. Richmond
COMPTROLLER AND AUDITOR GENERAL.
EXCHEQUER AND AUDIT DEPARTMENT,
21st March, 1904.