A (2) 4
The position with regard to this asset is therefore the same as reported in previous years.
23. This procedure has been debated at length and one aspect of it, the Departmental Bank Accounts, was the subject of a conference in London in November last between the Director of Colonial Audit, the Treasurer and the Auditor, at which the local difficulties, some of them even said to be psychological, of making payments during the year in which they were due were discussed.
24. Without labouring the point further the fact remains that Government accounting is one of Cash Receipts and Payments and that so long as the regulations provide for accounting under this system so long will the charging in a year's accounts of sums not actually disbursed be irregular.
25. Should the regulations be locally impracticable then it is submitted that the Secretary of State's authority should be obtained for any departure therefrom.
26. The suggestion was made at the Conference that the Treasurer and Auditor should on their return from leave go further into this question in so far as the Departmental Bank Accounts are concerned and this is being done but there will still remain the question of the charges made but not disbursed within the year by the Head Office of the Treasury itself.
27. The Certificate of the Comptroller and Auditor General has been received for all Assets held by the Crown Agents on 31st December 1933.
LIABILITIES.
SUITORS FUND. $587,617.30.
64
28. In addition to this amount a sum of $22,977.01 is, for convenience of accounting, included in the item "Miscellaneous Deposits."
EXCHANGE ADJUSTMENT. $136,808.00.
29. This item is incorrect in so far that provision has been made in excess of requirement. This extremely complicated section of the accounts has for years been the subject of lengthy discussions and correspondence and as reported to you in 1931 (paragraph 23) it was thought that finality and agreement had been reached.
30. However, during the year under review a departure was made from the method agreed upon and the figure held as a liability represents more than what was formerly decided as
A (2) 4
The position with regard to this asset is therefore the same as reported in previous years.
23. This procedure has been debated at length and one aspect of it, the Departmental Bank Accounts, was the subject of a conference in London in November last between the Director of Colonial Audit, the Treasurer and the Auditor, at which the local difficulties, some of them even said to be psychological, of making payments during the year in which they were due were discussed.
24. Without labouring the point further the fact remains that Government accounting is one of Cash Receipts and Pay- ments and that so long as the regulations provide for account- ing under this system so long will the charging in a year's accounts of sums not actually disbursed be irregular.
25. Should the regulations be locally impracticable then it is submitted that the Secretary of State's authority should be obtained for any departure therefrom.
26. The suggestion was made at the Conference that the Treasurer and Auditor should on their return from leave go further into this question in so far as the Departmental Bank Accounts are concerned and this is being done but there will still remain the question of the charges made but not disbursed within the year by the Head Office of the Treasury itself.
27. The Certificate of the Comptroller and Auditor General has been received for all Assets held by the Crown Agents on 31st December 1933.
LIABILITIES.
SUITORS FUND. $587,617.30.
64
28. In addition to this amount a sum of $22,977.01 is, for convenience of accounting, included in the item Miscellaneous Deposits."'
EXCHANGE ADJUSTMENT. $136,808.00.
29. This item is incorrect in so far that provision has been made in excess of requirement. This extremely complicated section of the accounts has for years been the subject of lengthy discussions and correspondence and as reported to you in 1931 (paragraph 23) it was thought that finality and agree- ment had been reached.
30. However, during the year under review a departure was made from the method agreed upon and the figure held as a liability represents more than what was formerly decided as
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