18. Among the disadvantages of the system are considerable duplication of work and the existence of an unduly large number of Bank Accounts and it is suggested that in view of the bank frauds which have occurred in the past the Government might well consider a reduction in their number.
19. The method in which these departmental bank accounts were kept has, moreover, been far from satisfactory and at the suggestion of this Department the Treasurer has recently issued a circular on the subject.
20. Further, there are also certain Government Accounts whose transactions are not incorporated at all in the Treasury books, e.g.,
Companies Liquidation Account. Balance 31st December 1930..
Official Receiver's Account
District Officer North, Suitor's Fund Account.
District Officer South, Suitor's Fund Account
Medical Department, Hospital Patients' Deposits
Special conditions apply to these accounts but as they appear to be funds in the custody of the Government (Colonial Regulation No. 325) the question of their future inclusion is now under discussion.
21. Finally, several departments were in possession of actual cash balances on 31st December, 1930 which are not recorded in the Annual Statements. This occurs because revenue collected on that day at a time too late to be paid into the Treasury Bank Account is regarded as having been collected on the first day of the following year. Thus it happens that some $20,000 was held in cash in various departments, on the close of business on 31st December 1930 which appears as revenue collected in 1931. As this occurs each year one year counter-balances the other but it is because of this system that an irregularity such as is referred to in paragraph 61 is enabled to occur. It would, it is submitted, not be a difficult matter to arrange for the accounts to be strictly accurate in this direction and the question will be raised with the Treasurer in due course.
ADVANCES.
ON ACCOUNT OF FUTURE LOAN. $1,940,386.10.
22. This item is made up of expenditure on the following works:-
1. Shing Mun Valley Scheme $73,058.50 2. Aberdeen Valley Water Scheme 1,244,260.77 3. Aerodrome 623,066.83A (2) 4
18. Among the disadvantages of the system are considerable duplication of work and the existence of an unduly large number of Bank Accounts and it is suggested that in view of the bank frauds which have occurred in the past the Government might well consider a reduction in their number.
19. The method in which these departmental bank accounts were kept has, moreover, been far from satisfactory and at the suggestion of this Department the Treasurer has recently issued a circular on the subjeci.
20. Further, there are also certain Government Accounts whose transactions are not incorporated at all in the Treasury books, e.g.,
Companies Liquidation Account.
Balance 31st December 1980..
Official Receiver's Account
$662,581.29
73,080.64
District Officer North, Suitor's Fund Account. District Officer South, Suitor's Fund Account Medical Department, Hospital Patients'
Deposits
841.82
2,304.55
125.00
Special conditions apply to these accounts but as they appear to be funds in the custody of the Government (Colonial Regula- tion No. 325) the question of their future inclusion is now under discussion.
21. Finally, several departments were in possession of actual cash balances on 31st December, 1930 which are not recorded in the Annual Statements. This occurs because revenue col- lected on that day at a time too late to be paid into the Treasury Bank Account is regarded as having been collected on the first day of the following year. Thus it happens that some $20,000 was held in cash in various departments, on the close of business on 31st December 1930 which appears as revenue collected in 1981. As this occurs each year one year counter-balances the other but it is because of this system that an irregularity such as is referred to in paragraph 61 is enabled to occur. It would. it is submitted, not be a difficult matter to arrange for the accounts to be strictly accurate in this direction and the question will be raised with the Treasurer in due course.
ADVANCES.
ON ACCOUNT OF FUTURE LOAN. $1,940,386.10.
22. This item is made up of expenditure on the following works:-
1. Shing Mun Valley Scheme
2. Aberdeen Valley Water Scheme 3. Aerodrome
$
73,058.50 1,244,260.77
623,066,83
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