Appendix A (2).
REPORT TO THE DIRECTOR OF COLONIAL AUDIT
ON THE AUDIT OF THE ACCOUNTS OF
HONG KONG.
1931.
Subject to the comments contained in this report the accounts generally have been satisfactorily kept and rendered and the existing regulations appear to provide reasonable accounting protection against irregularities and fraud.
2. The Annual Statements were received from the Treasurer on 29th July 1932. This is somewhat later than last year and a corresponding delay has been incurred in submitting this report.
3. The relation between the excess of assets over liabilities of the years 1930 and 1931 is established thus:--
Excess of Assets 31st December 1930... $ 9,361,679.74
Revenue 1931
33,146,723.73
42,508,403.47
Expenditure 1931
31,160,774.00
Excess of Assets 31st December 1931... $11,347,629.47
4. The comparison of the revenue and expenditure for the year with the approved Estimates and with previous years is dealt with fully in the Treasurer's Report (Enclosure "L") and in the detailed statements (Enclosures "C" and "D"). No further comment would appear to be necessary.
AUTHORITY FOR EXPENDITURE 1930.
(Para. 6-1930 Report.)
5. The final formal authority for the 1930 Expenditure was provided by Supplementary Appropriation Ordinance No. 14 of 1931.
1931.
6. The Estimates for the year were passed by the Legislative Council in Ordinance No. 19 of 1930 and received telegraphic approval of the Secretary of State on 6th January, confirmed by C.O. Despatch No. 39 of 30th January 1931.
Appendix A (2).
REPORT TO THE DIRECTOR OF COLONIAL AUDIT
ON THE AUDIT OF THE ACCOUNTS OF
HONG KONG.
1931.
Subject to the comments contained in this report the accounts generally have been satisfactorily kept and rendered and the existing regulations appear to provide reasonable account- ing protection against irregularities and fraud.
2. The Annual Statements were received from the Treasurer on 29th July 1932. This is somewhat later than last year and a corresponding delay has been incurred in submitting this report.
3. The relation between the excess of assets over liabilities
of the years 1930 and 1931 is established thus:--
Excess of Assets 31st December 1930... $ 9,361,679.74 Revenue 1931
Expenditure 1931
33,146,723.73
42,508,403.47
31,160,774.00
Excess of Assets 31st December 1931... $11,347,629.47
4. The comparison of the revenue and expenditure for the year with the approved Estimates and with previous years is dealt with fully in the Treasurer's Report (Enclosure "L") and in the detailed statements (Enclosures "C" and "D"). No further comment would appear to be necessary.
AUTHORITY FOR EXPENDITURE 1930.
(Para. 6-1930 Report.)
5. The final formal authority for the 1930 Expenditure was provided by Supplementary Appropriation Ordinance No. 14 of 1931.
1931.
6. The Estimates for the year were passed by the Legislative Council in Ordinance No. 19 of 1930 and received telegraphic approval of the Secretary of State on 6th January, confirmed by C. O. Despatch No. 39 of 30th January 1931.
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