LOAN ACCOUNTING.
STATEMENT OF LOAN EXPENDITURE AS AT THE 31ST DECEMBER.
22. As regards the expenditure during 1936 authority to meet this from Surplus Funds was obtained by Resolutions in Council.
19th March, 1936
13th May, 1936
$5,223,077.80
$124,763.94
both of which have received the sanction of the Secretary of State, who also approved the re-appropriation of the items in the Loan Schedule as passed by the Legislative Council.
PUBLIC DEBT.-$17,718,000.
23. The 4% Conversion Bonds, (Ordinance No. 15 of 1933) amounted to $4,838,000.00, and the Market value of the Sinking Fund established in 1934 to £42,836.14.11d. on the 31st December, 1936.
24. The Treasury Record of Investments and Interest earned on the investments have been verified with the Crown Agents Accounts. The Investments are held by the Crown Agents for the Colonies.
25. The indebtedness on account of the Hong Kong 3½% Dollar Loan (Ordinance No. 11 of 1934) was reduced during the year to $12,880,000, Bonds to the value of $560,000 having been redeemed in accordance with Section 5 of the Ordinance.
The cancelled bonds and interest coupons due to the redemption were duly checked.
The interest paid to Bond-holders was supported by the Surrendered Coupons which were forwarded for audit.
SHING MUN VALLEY WATER SCHEME.
26. The reconciliation of the Resident Engineer's Imprest Account ($50,000) with the books of the Treasurer has been carried out quarterly.
27. The total expenditure of $8,262,230.72 has been verified with the Treasury Expenditure under this section of the loan works.
28. The Gorge Dam renamed the Jubilee Dam was officially opened by Sir Andrew Caldecott, K.C.M.G., C.B.E., on 30th January, 1937.
29. The Store Account has been audited to the 31st December, 1936, and calls for no special comment.
- A (2) 4--
LOAN ACCOUNTING.
!
STATEMENT OF LOAN EXPENDITURE AS AT THE 31ST DECEMBER.
22. As regards the expenditure during 1936 authority to meet this from Surplus Funds was obtained by Resolutions in Council.
19th March, 1936
13th May, 1936
$5,223,077.80
$124,763.94
both of which have received the sanction of the Secretary of State, who also approved the re-appropriation of the items in the Loan Schedule as passed by the Legislative Council.
PUBLIC DEBT.-$17,718,000.
23. The 4% Conversion Bonds, (Ordinance No. 15 of 1983) amounted to $4,838,000.00, and the Market value of the Sink- ing Fund established in 1934 to £42,836.14.11d. on the 31st · December, 1936.
,
24. The Treasury Record of Investments and Interest earned on the investments have been verified with the Crown Agents Accounts. The Investments are held by the Crown Agents for the Colonies.
25. The indebtedness on account of the Hong Kong 31% Dollar Loan (Ordinance No. 11 of 1934) was reduced during the year to $12,880,000, Bonds to the value of $560,000 having been redeemed in accordance with Section 5 of the Ordinance.
The cancelled bonds and interest coupons due to the re- demption were duly checked.
The interest paid to Bond-holders was supported by the Surrendered Coupons which were forwarded for audit.
SHING MUN VALLEY WATER SCHEME.
26. The reconciliation of the Resident Engineer's Imprest Account ($50,000) with the books of the Treasurer has been carried out quarterly.
27. The total expenditure of $8,262,230.72 has been verified with the Treasury Expenditure under this section of the loan, works.
28. The Gorge Dam renamed the Jubilee Dam was officially opened by Sir Andrew Caldecott, K.C.M.G., C.B.E:, on 30th January, 1937.
29. The Store Account has been audited to the 31st December, 1936, and calls for no special comment.
J
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