A (2) 6
INVESTMENTS.
SURPLUS FUNDS, $1,682,784.92.
26. The Investments were revalued at the end of the financial year in accordance with the Secretary of State's instructions contained in his Despatch of 8th October 1930.
UNALLOCATED STORES.
KOWLOON-CANTON RAILWAY, $172,827.81.
(Para. 34. 1931 Report).
27. This amount exceeded by $22,327.81 the authorized maximum of $150,000.00.
The Secretary of State's covering approval for the excess has been sought in the Governor's Despatch No. 284 of 16th May 1933.
UNALLOCATED STORES.
PUBLIC WORKS DEPARTMENT, $469,073.88.
(Para. 35. 1931 Report).
28. The value of the Standard Stock authorized by the Secretary of State in his Despatch No. 60 of 25th February 1932 was $550,000.00 as representing six months' supply of stores.
The value of the stock in hand at the end of the year under review was less than this amount by $80,926.12.
The usual statements reconciling the Public Works Department figures with the Treasurer's accounts are forwarded.
COAL ACCOUNT ASSET, $1,966.84.
(Para. 30. 1931 Report).
29. This figure has been reconciled with the Harbour Master's books, and is arrived at as follows:
Actual amount of Coal in stock at the
Government Depot, Yaumati on 31.12.32. 348.364 Tons purchase price $5,020.01
Less amount due to the Contractor 3,053.17
$1,966.84