dealt with here some months ago, has
Suice, under pressure of other work, been Entirely werlooked
I attach a separate minute
dealing in detail with the pouits
raised.
Jas for DCA
30/10
hir Collins
ar
line
J
annexed
? Reph minute. I apologize ala
regards.
this seems
the
me
win for code. difficult
Tr. à dif
tot.
business in view of the varying
cives grace
Colmies o shi
ignore the paint.
Al ma
Aer
1/11
RI
Mr Stabbs
77
With reference to the enquiry in para: 2 of the Govr's despatch, the interpretation of the term "unallocated stores" given in para: 3 of the Board's covering minute
of 10 November is correct. Speaking generally the Standard Stock of unallocated stores may be regarded as limited to stores of a general character required for ordinary public works In certain cases materials and stores of a special kind will be required for specific works of an extraordinary character, the cost of which will have been duly authorised by the S. of S, and in these instances a temporary excess over the standard stock, pending the. transfer of: their cost to the debit of the particular work, may be regarded as being covered by the S. of S's authority for the work. The Board deals further with the following points specifically referred to them by the Govr: (see para: 1. of despatch)
^
(a) Limit of $200,000. The Board are of opinion that a considerable reduction may be safely made in Standard
He
Stock limit provisionally fixed on H.K. 19129/11, and even suggest so low a maximum as $75,000 subject to certain proposals which mainly concern the C.A. I should say that as a final figure to be worked down to, the sum mentioned on p. 2 of Report,e,$100,000, is a reasonable one.
(b) As to reduction of present stock, it is recommen- ded by the Board
(1) that certain obsolete stores to the approx: value of $33,000 should be sold. This should be done.
That (2) Plant temporarily out of use, of about $7,000
should value and carried on stock, be written down to market
value and transferred to a Plant Account. I see no
objection to this course.
A
It is further proposed to write down new (i.e. unused) stores on a fixed basis of depreciation of 5% for every
year