ANNEXURE 1.
MISALLOCATIONS BROUGHT TO NOTICE TOO LATE FOR ADJUSTMENT. IN THE ACCOUNTS FOR THE FINANCIAL PERIOD 1946/47
A.- MISALLOCATIONS AFFECTING THE ACCOUNTANT GENERAL'S ACCOUNTS.
CHARGED TO
HEAD
SUBHEAD
AMOUNT
Deposits
Colonial Office
12,000,000.00
is to Local Bodies
Fisheries Co-operative Hong Kong University
250,000.00 480,000.00
Advances
Imprests
Currency Funds
Colonial Development & Welfare Act Scheme "R. 94 Fisheries Research"
Government Agent, Calcutta.
2,447.30
89,046.69
Note Security Fund
355,000.00
Currency Funds
48
SHOULD HAVE BEEN CHARGED TO HEAD
SUBHEAD
New Revenue Head: Grants from Imperial Government
New Expenditure Head: Loans to Local Bodies.
New Expenditure Head: Colonial Development & Welfare Expenditure
Advances
Fisheries Co-operative Hong Kong University
AMOUNT
12,000,000.00
250,000.00 480,000.00
Scheme "R.94 Fisheries Research"
2,447.30
Government Agents, Culcutta.
89,046.69
Overprinted Note Security Fund
355,000.00
B.- MISALLOCATIONS AFFECTING THE MANNER IN WHICH THE ACCOUNTANT GENERAL'S ACCOUNTS ARE CLASSIFIED IN STATEMENTS OF ACCOUNTS ETC.
ACCOUNTANT GENERAL'S ACCOUNTS
HEAD OR ACCOUNT
SUBHEAD OR ACCOUNT
General Revenue
Balance
Deficit for 1946/47
AMOUNT
3,480,834.74.
STATEMENT OF ACCOUNT ETC.” KEAD OR ACCOUNT
Statement of Assets & Liabilities
General Revenue
SUBHEAD OR ACCOUTT
Deficit during 1946/47 (includes excess of 1941 Liabilities over Assets $2,000)
AMOUNT
$
3,482,834.74
Cash on hand Cash at Bank
795,703.56 8,343,004.72
Cash in Hand
Treasury No.1 Account
Investments
Hong Kong Goverment
5,559,000.00
Investments
Miscellaneous Funds
9,138,708.28
5,559,000.00
3 Loan
Investments
Fixed Deposit
1,689,000.00
Investments
Miscellaneous Funds
1,689,000.00
Statement of Balances (excluding Special Fund etc.)
General Revenue
Balance
Expenditure 1946/47
85,622,390.78
General Revenue Balance
Expenditure (includes
85,624,390.78
Deposits
Cash Balance B.M.A.
Education Scholar-
Ship Fund
Special Funds
1941 Accounts
Note Security Fund
Currency Funds 1941 Account
Subsidiary Note
excess of 1941 Liabi- lities over Assets
$2,000)
Annual Abstract Account A. Receipts.
34,994,692.53
16,677,344.52
Deposits
51,672,037.05
Included under Deposits
51,672,037.05
11,301.71
Education Scholarship
68,301.71
Fund
227,000.00
$57,000 included under Education Scholarships S.C.A. Funds:
68,301.71
Chinese Public
Dispensaries
5,000.00
District Watchmen
58,000.00
Passage Fund
6,000.00
China Provident Loan
& Mercantile Co.
100,000.00
3,517,092.57
Note Security Fund
9,117,092.57
7,250,000.00
185,600,000 included under Note Security Fund
Overprinted Note Security
7,250,000.00
Fund
400,000.00
$1,250,000 included under Subsidiary Note
Security Fund
2,253,478.65
?
1,003,478.65
Subsidiary Note Security Fund
2,253,478.65
Banking & Insurance
Companies
80,920,000.00
Security Fund
Special Fund (Banking
& Insurance Companies)
83,998,784.55
Grant Schools Frovid-
ent Fund
Supreme Court
Officiel Administration
138,623.75
2,940,160.80