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and expenditure, and that therefore the information which has been recorded in them is incapable of being corrected by means of adjustments which, in effect, do nothing more than modify the facts relating to the transactions in the current year. Having regard to this objection, and also
for the reason that it is calculated to interefere with
the complete measure of financial control which is pro- vided for in the Colonial Regulations, I have come to the conclusion that I am no longer justified in supporting the maintenance of the procedure based on the existing rulings, and that, on the contrary, it is advisable
that, as occasion arises, I should indicate the procedure
which, in my opinion, it would be more correct to follow,
4. Briefly stated, therefore, my view is that
deductions from revenue and expenditure such as are
referred to in Colonial Regulation 343 should be limited
to any inaccuracies which have occurred in the account
of the current year and that any similar adjustments that
may be necessary owing to inaccuracies which have occurred
in the accounts of previous years should be effected by
crediting or debiting the amounts to revenue or expenditure,
as the case may be, under the head for "Miscellaneous",
5 From the foregoing you will gather that I concur
in your view that the repayments of revenue referred to in
your letter should properly have been charged to expendi-
ture, but, in view of the existing rulings on the point,
I am prepared to acquiesce in the course which has been
adopted in this particular case, I would however wish it
to be understood that the procedure which I have indicated
should be adopted in future.
I have, etc.,
(Signed) A.E.STEPHENSON.