A (2) 2 -
LIABILITIES.
GOVERNMENT HOUSE AND CITY DEVELOPMENT Fund.— $1,218,741.28.
6. The special appropriation of the revenue from certain Land Sales to this particular expenditure was legalised by Ordinance No. 30 of 1934.
A small amount of preliminary expenditure during the year has since been authorised by resolution of Legislative Council.
SUSPENSE ACCOUNT $975,589.24.
7. The main item in the figures leading to this liability is still $975,413.78 on account of "Military Contribution" referred to in many previous reports, but as the Estimates for 1935 provide for this as a Miscellaneous Receipt presumably the amount will during the current year be transferred to Revenue and the discussion of many years will in this particular respect come to a satisfactory conclusion.
EXCHANGE ADJUSTMENT $28,038.16.
8. Now that all Sterling Investments have been realised this liability merely represents provision for the dollar difference arising from fluctuation of holdings in the Joint Colonial Fund.
TRADE LOAN ACCOUNT.
9. A full statement of the position of this account is given in the Treasurer's report and the relevant items in the Balance Sheet call for no further comment.
ASSETS.
TREASURER'S CASH BALANCE.
10. The constitution of the Cash Balance in the hands of the Treasurer at the end of the year has been referred to in the Annual Report for 1930 and each subsequent year. This vexed question has at last been settled by the Secretary of State in despatch No. 99 of 12th March 1935 supporting the original audit contention and ruling that he is unable to authorise any relaxation of the important rule that payments can only be charged at the date on which they are actually made. Two methods for future procedure were suggested by the Secretary of State but the decision of the Government giving effect to his ruling has not yet been communicated.
11. The attention of Government was drawn to the fact that the Annual Board of Survey of the Treasury Cash had been made after the commencement of business on the first day of the new year. Arrangements have now been made for future boards to be held in conformity with regulation.
A (2) 2 -
LIABILITIES.
GOVERNMENT HOUSE AND CITY DEVELOPMENT Fund.— $1,218,741.28.
6. The special appropriation of the revenue from certain Land Sales to this particular expenditure was legalised by Ordi- nance No. 30 of 1934.
A small amount of preliminary expenditure during the year has since been authorised by resolution of Legislative Council.
SUSPENSE ACCOUNT $975,589.24.
7. The main item in the figures leading to this liability is still $975,413.78 on account of "Military Contribution" referred to in many previous reports, but as the Estimates for 1935 provide for this as a Miscellaneous Receipt presumably the amount will during the current year be transferred to Revenue and the discussion of many years will in this particular respect come to a satisfactory conclusion.
EXCHANGE ADJUSTMENT $28,038.16.
8. Now that all Sterling Investments have been realised this liability merely represents provision for the dollar difference arising from fluctuation of holdings in the Joint Colonial Fund.
TRADE LOAN ACCOUNT.
9. A full statement of the position of this account is given. in the Treasurer's report and the relevant items in the Balance Sheet call for no further comment.
ASSETS.
TREASURER'S CASH BALANCE.
10. The constitution of the Cash Balance in the hands of the Treasurer at the end of the year has been referred to in the Annual Report for 1930 and each subsequent year. This vexed question has at last been settled by the Secretary of State in despatch No. 99 of 12th March 1935 supporting the original audit contention and ruling that he is unable to au- thorise any relaxation of the important rule that payments can only be charged at the date on which they are actually made. Two methods for future procedure were suggested by the Secret- ary of State but the decision of the Government giving effect to his ruling has not yet been communicated.
11. The attention of Government was drawn to the fact that the Annual Board of Survey of the Treasury Cash had been made after the commencement of business on the first
day of the new year. Arrangements have now been made for future boards to be held in conformity with regulation.
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