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APPENDIX
1.
STATEMENT OF ASSETS AND LIABILITIES AS AT THE 31ST MARCH, 1947.
LIABILITIES
DEPOSITS:-
Government Servants and Contractors
H.M. Government
Other Administrations
Miscellaneous
SUSPENSE
$5,108,795.12 13,332,592.81
2,380,051.47
CASH IN HAND:-
Treasury No. 1 Account
2
Crown Agents (£822-1-9)
Joint Colonial Fund (£269,000)
4,929,217.63 $ 25,750,657.03
IMPRESTS
26,600,399.04 ADVANCES:~~
ASSETS
$9,138,708.28 1,138,297.38 13.153.40 4,304,000.00
$14,594,159.06
90,165.09
CURRENCY FUNDS:-
Note Security Fund Subsidiary Note Security Fund Overprinted Note Security Fund Nickel Coinage Security Fund
S. C. A. FUNDS:-
Chinese Public Dispensaries District Watchmen
Passage Money
MISCELLANEOUS FUNDS:-
China Provident Loan & Mortgage Co., Ltd.
Education Scholarships
4% Conversion Loan Sinking Fund
Banking and Insurance Companies
Supreme Court (Official Administrator, Public Trustee etc
Grant Schools Provident Fund
Water Works-Renewals Fund
8,992,092.57
2,413,438.65
Personal
$
Other Administrations
Pending Raising of Loan Miscellaneous
240,241.61 6,620,953.55 30,360,746.70 646,048.41
37,867,990.27
400.000.00 LOANS TO LOCAL BODIES:- 1,866,148.41
6.000.00
58,000.00
6,000.00
100,000.00
68,301.71
3.031,685.80
80.920,000.00 2,940,160.80 137,303.22 391,898,00
Fisheries Co-operative Hong Kong University
INVESTMENTS ETC.:-
Currency Funds:-
Note Security Fund-Current a/c Subsidiary Note Security Fund-
Current a/c
Nickel Coinage Security Fund:-
Current a/c
::
$
250,000.00 480,000.00
730,000.00
3,392,092.57
1,163,438.65
1,800.08
Sterling Investments
(£116,491-15-11)
$1,863,868.73
Coins held by Hong
Kong & Shanghai
Bank in London ...
479.60
1,864,348.33
1,866,148.41
S. C. A. Funds:-
GENERAL REVENUE ACCOUNT:-
Balance on 1st May, 1946 Deduct Deficit during 1946/47 Balance at 31st March, 1947
$ 3,970,269.63 3,482,834.74
487,434.89
NOTES: (1)
(2)
(3)
$154,169,520.12
Chinese Public Dispensaries-Hong Kong
Government Loan, 1934
District Watchmen-Hong Kong Govern-
ment Loans, 1934 & 1940
Passage Money-Hong Kong Government
Loan, 1940
Miscellaneous Funds:-
Education Scholarships-
China Provident Loan & Mortgage Co.,
Ltd.-Fixed Deposit
Hong Kong Government Loans Fixed Deposit
4% Conversion Loan Sinking Fund-
Sterling Investments (£189,480-7-3) Banking & Insurance Companies-
Sterling Investments (£5,057,500) Supreme Court-Current a/c & Fixed
Deposits
Grant Schools Provident Fund-
Sterling Investments (£6,167-9-4) Sundry-Hong Kong Government
31% Loan, 1940
Fixed Deposit ...
6,000.00
58,000.00
6,000.00
100,000.00
54,000.00 3,000.00
57,000.00
3,031,685.80
80,920,000.00
2,940,160.80
98,679.47
5,559,000.00 1,689,000.00
7,248,000.00
$154,169,520.12
Advances totalling £3,250,000 were received from the British Government up to the 31st March, 1947. Deposits. The balance of £2,500,000 advanced before the 1st May, 1946, represents a contingent liability since it was treated by the London Accounts Of these, £750,000 appears as a liability under Office as a free grant and taken to Revenue. The final incidence has not yet been decided.
Certain investments, in respect of various Funds, which existed in 1941 were recovered intact after the liberation of the Colony. with the corresponding liability to such Funds, have been incorporated in this Statement.
These, together
These have now been restored, as a charge
The 1941 Security Funds covering the Government Notes in issue were appropriated by the Japanese. against the General Revenue Balance, to the extent of approximately 70% of the full amounts recorded as being in girculation at the end of 1941. All issues since the liberation have been fully covered.
as tolles Laylor
1
H. R. HIRST, Accountant General.
THE TREASURY, HONG KONG,
10th February, 1948,
in the absence of
Excamined.
Mr. Inwind.
9th Septimum, 1948. Direct
ladi.
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