AnnualReport-1934 — Page 79

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Appendix A (2)

REPORT TO THE DIRECTOR OF COLONIAL AUDIT ON THE AUDIT OF THE ACCOUNTS OF HONG KONG 1984.

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.

The last of the Annual Statements was received from the Treasurer on 27th July.

2. The relation between the excess of Assets over Liabilities for the years 1933 and 1934 is established as follows:-

Excess 31st December 1933...... $13,823,625.33

Revenue 1934

Expenditure 1934

Excess of Assets 31st December 1934

29,574,285.57

43,397,910.90

31,149,155.66

$12,248,755.24

3. 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 M) and in the detailed statements (Enclosures C and D).

AUTHORITY FOR EXPENDITURE 1934.

4. The Estimates for the year received the approval of the Secretary of State in his Despatch No. 34 of 29th January 1934 and were passed by the Legislative Council in Ordinance No. 19 of 1933.

5. Supplementary Estimates for the year amounting to $772,000 were duly passed by the Legislature and approved by the Secretary of State in his telegram of 20th July.

The 1934 Supplementary Appropriation Ordinance (No. 30 of 1935) was passed by the Legislature on 11th July 1935 thus providing complete local authority for the expenditure of the year.

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Appendix A (2) REPORT TO THE DIRECTOR OF COLONIAL AUDIT ON THE AUDIT OF THE ACCOUNTS OF HONG KONG 1984. 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. The last of the Annual Statements was received from the Treasurer on 27th July. 2. The relation between the excess of Assets over Liabilities for the years 1933 and 1934 is established as follows:- Excess 31st December 1933...... $13,823,625.33 Revenue 1934 Expenditure 1934 Excess of Assets 31st December 1934 29,574,285.57 43,397,910.90 31,149,155.66 $12,248,755.24 3. 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 M) and in the detailed statements (Enclosures C and D). AUTHORITY FOR EXPENDITURE 1934. 4. The Estimates for the year received the approval of the Secretary of State in his Despatch No. 34 of 29th January 1934 and were passed by the Legislative Council in Ordinance No. 19 of 1933. 5. Supplementary Estimates for the year amounting to $772,000 were duly passed by the Legislature and approved by the Secretary of State in his telegram of 20th July. The 1934 Supplementary Appropriation Ordinance (No. 30 of 1935) was passed by the Legislature on 11th July 1935 thus providing complete local authority for the expenditure of the year.

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Appendix A (2) REPORT TO THE DIRECTOR OF COLONIAL AUDIT ON THE AUDIT OF THE ACCOUNTS OF HONG KONG 1984. 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 ac- counting protection against irregularities and fraud. The last of the Annual Statements was received from the Treasurer on 27th July. 2. The relation between the excess of Assets over Liabilities for the years 1933 and 1934 is established as follows:- Excess 31st December 1933...... $13,823,625.33 Revenue 1934 Expenditure 1934 Excess of Assets 31st December 1934 29,574,285.57 43,397,910.90 31,149,155.66 $12,248,755.24 3. 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 M) and in the detailed statements (Enclosures C and D). AUTHORITY FOR EXPENDITure 1934. 4. The Estimates for the year received the approval of the Secretary of State in his Despatch No. 34 of 29th January 1934 and were passed by the Legislative Council in Ordinance No. 19 of 1933. 5. Supplementary Estimates for the year amounting to $772,000 were duly passed by the Legislature and approved by the Secretary of State in his telegram of 20th July. The 1934 Supplementary Appropriation Ordinance (No. 30 of 1935) was passed by the Legislature on 11th July 1935 thus providing complete local authority for the expenditure of the year.

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