– A (2) 11 -
58. Assets.
Cash $1,547,810.91.-This sum was composed of Bank balances totalling $1,519,834.35 and cash balances held by the undermentioned departments:--
Accountant-General $27,462.79
Medical 400.25
Supreme Court 51
Official Receiver 53.01
59. Verification of Cash Balances etc.
(a) Bank Certificates have been produced in support of the balances of the various Bank Accounts, but no Cash Certificates other than those rendered by the Heads of the departments concerned have been seen for the Cash Balances held in the offices of the last three departments mentioned in the previous paragraph. The reason for this is that Boards had not been appointed to survey the cash of these departments at the close of the year.
(b) In the case of the Accountant-General's department the Members of the Board appointed to survey the balances omitted to record, on the certificate rendered, the amount of cash found, although they reported it correct.
60. The existence of the Cash Balances and Sinking Fund Investments etc. held by the Crown Agents has been verified with the certified statement received from the Comptroller and Auditor-General.
61. Fixed Deposits.
The receipts obtained from the Banks for amounts appearing under this head have been examined by Audit.
62. Advances Miscellaneous. ($220,148.51).
This shows an increase of $145,703.05 over the 1936 figures, the difference being more than accounted for by the sum of $154,450.24 which is shown as outstanding under the heading "Shanghai Refugee Committee." There is however a sum of $14,117.37, being recoveries from Refugees, which appears in the Colony's accounts as a "Deposit" and therefore may be set off against the above advance account. The net sum advanced on behalf of Shanghai Refugees is recoverable from the Imperial Government.
63. It has been verified that no advances have been outstanding for an unduly long period. A detailed statement of advances is attached. (Enclosure E.)
64. Advances-Pending Re-imbursement from a proposed new loan. ($56,783.30).