A (2) 9
The following statements are submitted which show the financial position of the Account as at the 31st of December, 1929:-
(a) Trial Balance
(b) Working Account
(c) Balance Sheet
(d) Statement of Outstanding Loans
(e) Statement of Outstanding Interest.
The Sterling Loan has been reduced to the amount of £270,000.
It was found necessary in one instance only for the Government to exercise the power of sale, the mortgaged property being disposed of by private treaty. The amount realized, covered the original loan and a portion of the outstanding interest thereon, the balance of interest due, $2,382.90 having to be written off.
AUDIT STAFF.
38. A Statement is submitted showing changes in the Audit Staff during 1929.
Mr. Phelips made his annual tour of inspection to Weihaiwei and Shanghai during the period from the 14th June to the 5th August, 1929; Capt. A. F. B. Howard M.C. acted as Auditor during the period of Mr. Phelips' absence.
Mr. T. Dallin, First Assistant Auditor, proceeded on home leave on the 16th of March, returning to the Colony and resuming duty on the 21st November, 1929.
During the year European Probationers for the Senior Clerical and Accounting Staff were temporarily attached to this department for instruction in accordance with the request of the Colonial Secretariat.
The standard and progress of the work has been well maintained.
T. DALLIN,
Acting Auditor.
25th August, 1930.