A (2) 9
The arrangement whereby in 1931 the Manager became a sub-accountant of the Treasurer has worked satisfactorily throughout the year.
40. Mileage charges in respect of the engines referred to in paragraph 21 have been collected monthly by a deduction from the payment by this Government of the balance due to the Canton-Kowloon Railway on Joint and Through Traffic Receipts.
41. As referred to in paragraph 21 of this report, between 1st July and 31st December six monthly cash instalments of $10,000 each were paid by the Canton-Kowloon Railway in part payment of the Advance on account of the purchase of the three locomotives.
42. The Traffic Receipts reached the highest figure yet attained, namely $1,295,789.20 which is $200,690.43 over the Receipts of the previous year. The traffic continues to increase,
43. The final division sheets of Through and Joint Sectional Traffic Receipts between the two Administrations have been audited to the 31st of December 1932, and have been accepted by the two Administrations.
SUSPENSE ACCOUNT.
44. The Suspense Account Summary of Receipts and Payments for the year 1932 forwarded as Enclosure K. shows a debit balance, on the 31st December, 1932, against the Kowloon-Canton Railway, British Section, of $13,240.37, and is accounted for as follows:-
Petrol supplied to Government Servants during November and December 1932, the accounts for which were paid for in 1933 $ 461.56 Cash collected on 31.12.32 after Banking hours and paid in on 3.1.33 5,330.35 Bills receivable on account of Services rendered during the year under review 7,448.46 $ 13,240.37This sum appears in the General Balance Sheet of the Railway on page 28 of the Manager's Report for the year 1932, as a Working Asset "Home Line". This procedure is in accordance with the accounting practice operative by the two sections of the Railway.