22. The books of the Fund were opened on 6th December 1935 when Certificates of Indebtedness were issued by the Treasurer in exchange for silver coin and silver bullion surrendered in accordance with the Ordinance. The Fund is subject to audit by this department. No balance sheet has been submitted for the few days of 1935, but a balance sheet for the whole period to the 30th June 1936 will be submitted for audit in due course.
Surveys of the stock of silver handed over to Government and retained pending shipment by the three note-issuing Banks were held and the results reported to you in Audit letter No. 37/146 of 27th April 1936.
ONE DOLLAR NOTES.
23. In accordance with Ordinance No. 42 of 1935, 1,280,000 of these notes were issued during the year, the monies received being paid into a Note Security Fund, the amount appearing therefore as a liability and an asset in the Balance Sheet.
CUPRO NICKEL COINAGE.
24. At the same time as the One Dollar Notes were issued, nickel coinage was issued and the proceeds placed to the credit of a Nickel Coinage Security Fund. The amount $573,500 appears on each side of the Balance Sheet.
25. The procedure of accounting in these two cases has been fully reported to you in Audit letter No. 70/146 of 15th June 1936.
MEDICAL.
26. A new system of accounting for fees collected at the Government Civil Hospital was, without notification to audit, brought into use on 1st January 1935.
In examination, it was found that a considerable number of receipts were being issued in duplicate and at the suggestion of audit, the system was discontinued.
ARREARS OF REVENUE.
27. By arrangement with the Treasurer, the returns of outstanding revenue were submitted at an earlier date than in previous years and verification with the departmental records was facilitated, but even so, the returns of some departments had, after examination, to be amended.
28. Of the $810,784 outstanding on 31st December 1935, $675,295 had been collected by the end of March, $34,500 was written off and action is being taken on the remaining $100,989.
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22. The books of the Fund were opened on 6th December 1935 when Certificates of Indebtedness were issued by the Treasurer in exchange for silver coin and silver bullion sur- rendered in accordance with the Ordinance. The Fund is subject to audit by this department. No balance sheet has been submitted for the few days of 1935, but a balance sheet for the whole period to the 30th June 1936 will be submitted for audit in due course.
Surveys of the stock of silver handed over to Government and retained pending shipment by the three note issuing Banks were held and the results reported to you in Audit letter No.. 37/146 of 27th April 1936.
ONE DOLLAR Notes.
23. In accordance with Ordinance No. 42 of 1935 1,280,000 of these notes were issued during the year the monies received being paid into a Note Security Fund, the amount appearing. therefore as a liability and an asset in the Balance Sheet.
CUPRO NICKEL COINAGE.
24. At the same time as the One Dollar Notes were issued nickel coinage was issued and the proceeds placed to the credit of a Nickel Coinage Security, Fund. The amount $573,500 appears on each side of the Balance Sheet.
25. The procedure of accounting in these two cases has been fully reported to you in Audit letter No. 70/146 of 15th June 1936.
MEDICAL.
26. A new system of accounting for fees collected at the Government Civil Hospital was, without notification to audit, brought into use on 1st January 1935.
In examination it was found that a considerable number of receipts were being issued in duplicate and at the suggestion of audit the system was discontinued.
ARREARS OF REVENUE,
27. By arrangement with the Treasurer the returns of outstanding revenue were submitted at an earlier date than in previous years and verification with the departmental records was facilitated but even so the returns of some departments had after examination to be amended.
28. Of the $810,784 outstanding on 31st December 1935 $675,295 had been collected by the end of March, $34,500 was written off and action is being taken on the remaining $100,989.
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