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14
TATEMENT
QUETS AND MEABILITIAN
Account are overstated by / 7,262. 14., but the nett cash
balance of 10,290,159.06 at the 1st of March 1947,
appears to be correct.
4.
At the 31st of August 1948 the Director of Audit
had not seen 41 vouchers in respect of payments during the
period 1st May 1946 to 31st March 1947, to a total of
₫ 11,319,209.75, and expenditure shown in the Annual Abstract
Account must, consequently, be regarded as unvouched to this
extent.
5.
The expenditure of % 6,071,835.07 shown under
Head 22, Public Debt, in the Annual Abstract Account, includes
an amount of ¥ 5,158,000 paid to the Hong Kong and shanghai
Banking Corporation on the 26th of March 1947, or the
redemption of 2,800,000 of the 1 34 issue of the Hong Kong
3 Dollar Loan, and of 2,358,000 of the 1940 1:sue of the
Bame Loan. These redemptions were, however, not made until
the 15th of July 1947, althou the outstanding balences at
the 1st of arch 1947, shown in the tatement of public
debt, take the redemptions into account, No certificate
from the Hong song and shanghai Banking Corporation wae, I
understand, seen covering the am unt of % 5,158,000 held by
them at the 31 t of March 1947, for the redemption of bonds,
and no interest at the rate allowed on Government's current
accounts was paid by the Corporation on this aum for the
period from the 26th of March to the date of redemption of
the bonds. The Director of Audit is in communication with
Government regarding the questions of the authority for this
payment to the Corporation in 1946-7 and the manner in which
it is proposed to account for the loss of revenue resulting
from the non-receipt of interest on the balance deposited
with them,
6.
Details of typographical errors in the tatement of
Assets and Liabilities are set oub as follows:-
Item
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