A (2) 5
It will be observed from the statement that as late as the 15th June, 1933, a Resolution was passed in the Legislative Council authorizing excess expenditure of $37,639.55 in respect of the financial year 1932.
There remains a further sum of $58,487.20 which has not yet been authorized by the Legislature.
A statement of this account is submitted as Enclosure F.
CHINESE LOCOMOTIVES, $447,468.26.
(Para. 32. 1931 Report).
21. The figure of $447,468.26, representing the cost of three locomotives purchased for the Canton-Kowloon Railway which appeared under this Head in the Statement of Assets and Liabilities for 1931, was reduced during the year under review to $387,468.26, the Chinese Section having repaid $60,000.00.
ADVANCES AND REPAYMENT OF ADVANCES.
22. It will be seen from the Summary of Advances and Repayment of Advances that a credit balance of $446.40 against Purchase of Motor Vehicle Plates was brought forward from 1931. This sum represented profit on the sale of the plates and was transferred to revenue in February 1932.
BUILDING LOANS AND IMPREST ACCOUNTS.
23. Advances on account of Building Loans and Imprest Accounts were of a routine nature and require no comment.
SUBSIDIARY COIN, $1,225,592.08.
24. This figure has been verified with the Treasurer's accounts.
The question of accounting in connection with Subsidiary Coin in transit from the United Kingdom is referred to in a subsequent paragraph.
HOUSE SERVICE ACCOUNT, $5,740.22.
25. This sum of $5,740.22 represents accounts not settled during the financial year, and is reconciled as follows:---
$4,021.21 on account of unpaid bills for non-Government work, and the balance of $1,719.01 represents the value of stores and labour used at the end of the financial year for which bills were not sent out until 1933.