୮
LOAN ACCOUNTS.
COLONIAL DEVELOPMENT
AND WELFARE.
VERIFICATION OF ASSETS,
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No
State has not yet been obtained for this procedure.
reconciliation between stocks and ledger balances nã the
financial balance appearing in the Treasury books at the
31st of March 1947, has been seen.
22
31.
With reference to paragraph 12 of my Report on the
accounts of Hong Kong for the 13 months to the 30th of April
1946, the Director of Audit reports that no lists of the
stores referred to therein have been seen, and he is in
communication with the Hong Kong Government on the matter.
32. The asset Advances Pending the Raising of a Loan -
₫ 30,360,746.70* in the Statement of Assets and Liabilities
represents rehabilitation expenditure temporarily met from
Colony surplus funds by a charge to Advances, in accordance
with Colonial Regulation 281. The approval of the Legislative
Council has been obtained for the expenditure as set out in a
Schedule which, I understand, has been sent to the Secretary of
State for his approval also.
33.
Expenditure of 2,447.30 incurred during 1946-47 in
respect of Colonial Development and Welfare Scheme R. 94, Was
charged to Advances, and is included in the item "Advances -
Other Administrations 6,620,953.55* in the statement of
<<
Assete and Liabilities. This amount should have been charged
to final expenditure in 1946-7 and recorded in a footnote to the
Statement of Assets and Liabilities as recoverable from Colonial
Development and Welfare Funds, in accordance with the authorito d
accounting procedure. The Director of Audit has brought the
matter to the notice of the Hong Kong Government.
34.
Following the procedure laid down in the Secretary of
State's Circular Despatch of the 9th of December 1938, the
Securities and Cash Balances, recorded in the Account as rendered.
which were held by the Crown Agents for the Colonies at the 31st
of March 1947, have been verified from the certificate rendered
by the Crown Agents without any endorsement by the Comptroller
and Auditor General.
35.
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