L. 1
AGENTS
PRICE, WATERHOUSE & CO.
LOWE, BINGHAM & THOMSONS.
SHANGHAI, TOKYO & KOBE.
LOWE, BINGHAM & MATTHEWS.
SINGAPORE.
LOWE, BINGHAM & MATTHEWS.
CHARTERED ACCOUNTANTS
ARCHIBALD RITCHIE, C.A.
DAVID SCOTT ROBB, C.A.
SIDNEY SAMUEL GORDON, C.A.
CHARLES GOW SMITH, C.A.
7
TELEPHONE- 2 8 10 6
CABLES- "LOWEBINGHAMS".
7. QUEEN'S ROAD CENTRAL
17th September 1951
HONG KONG......
OUR REFERENCE
OR-12
The Director,
The Department of Commerce & Industry,
HONG KONG.
Sir,
DEPARTMENT OF COMMERCE & INDUSTRY
SUPPLIES BRANCH ACCOUNTS
In accordance with your instructions we have
conducted an audit of the accounting records maintained
by the Supplies Branch of your Department for the year
ended 31st March, 1951, and have to report thereon as
follows :
SCOPE OF OUR EXAMINATION
Without making a detailed audit of all trans-
actions we have examined or tested the accounting records
and other evidence in the manner and to the extent we
deemed appropriate. Our examination was made in accord-
ance with generally accepted auditing standards applicable
in the circumstances and included all procedures which we
considered necessary.
PROFIT AND LOSS ACCOUNTS
These accounts have been set up on a basis
consistent with those prepared by us in respect of pre-
vious years.
Detailed analyses of expenditure have been
omitted in order to effect a brief and concise presenta-
tion.
The accounts are, we believe, self-explanatory
but we feel the following points should be borne in mind