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in which case the audit of such accounts
would have been the duty of the Auditor.
In fact, however, I gather from your letter
that such is not the case and that the
accounting for the issue of the loan has
been carried out by the two Banks referred
to in the Prospectus. I also gather that
the Colonial Government is fully satisfied
that these accounts should not fall under
audit by this Department.
3. In view of these circumstances,
and bearing in mind that it is not the
usual practice for the detailed accounts
for the issue of a Colonial Government
loan through Agents to fall under audit
by the Colonial Government Auditor, I
consider that the fact that the correct
amount which should have been received in
6
respect of the loan ($13,880,000) was
credited tn the Bank Pass Book, and
duly brought to account in the Treasury
Cash Book, may satisfy audit requirements.
4.
In view of the nature of the
case, however, I am sending a copy of
your letter and of this reply to the
Colonial Office, so that the Secretary of
State may be fully aware of the position
regarding the audit of the accounts of the
issue of the loan in question.
I have the honour to be,
Sir,
Your obedient Servant,
(SIGNED) A. J. HARDING.
Director of Colonial Audit.