ANNUAL ABSTRACT ACCOUNT.
REPORT of the DIRECTOR GENERAL OF COLONIAL AUDIT
on the ACCOUNTS of HONG KONG for the year ended
the 31st of MARCH 1950.
3468/1.
7
As certified thereon, the Annual Abstract
Account, together with the Statement of Assets and
Liabilities on the 31st of March 1950, has been
examined under my direction.
2.
The Account as rendered includes certain
errors in classification which were brought to the
notice of the Accounting Officer too late for
adjustment. Only one of these, however, affects
Revenue or Expenditure Heads or Below-the-line
accounts in the Account and is the equivalent of £50
or more in amount, namely, a sum of $305,321.26,
allocated to Expenditure Head 16
shopp
Kowloon Canton
Railway, which should have been allocated to Revenue
Head 8 Kowloon Canton Railway.
3.
A
The Director of Audit states that a sum of
$222,514.45 has been credited to Revenue Head 8 -
Kowloon Canton Railway, in respect of accrued revenue
for which cash had not been eceived at the end of the
year, and that this sum includes revenue amounting to
$175,271.66 which cannot be collected, and which will
need to be written off to Ex›enditure.
4.
The Director of Audit also states that, at the
date of writing his Report, 128 Expenditure Vouchers
totalling $2,672,296.41 had not been submitted for audit.
He has brought the matter to the notice of the
Accountant General.
5.