Appendix A (2).
REPORT TO THE DIRECTOR OF COLONIAL AUDIT ON THE AUDIT OF THE ACCOUNTS OF
HONG KONG.
1930.
Subject to the comments contained in this report the accounts generally have been satisfactorily kept and rendered and the existing regulations appear to provide reasonable accounting protection against irregularities and fraud.
2. The connection between the excess of assets over liabilities of this year and the previous year is established thus:-
Excess 31st December 1929 $ 9,662,852.36
Revenue 1930 27,818,472.92
Expenditure 1930 37,481,225.28
$ 28,119,645.54
$ 9,361,679.74
3. The Annual Abstract of Receipts and Expenditure for the year and the Assets and Liabilities Statement on 31st December 1930 were received in this department on 27th April 1931. The annual supporting statements were not received in full from the Treasurer until 30th June 1931 and it has therefore not been possible for this report to reach you within the six months prescribed by regulation.
4. The comparison of the revenue and expenditure for the year with the approved Estimates and with previous years is dealt with fully in the Treasurer's Report (Enclosure M) and in the two detailed statements (Enclosures C and D). No further comment would appear to be necessary.
AUTHORITY FOR EXPENDITURE.
1930.
5. The Estimates for the year received the approval of the Secretary of State in his Despatch of the 17th December 1929 and were passed by the Legislative Council in Ordinance No. 16 of 1929.