·A (2)-6 -
ESTATE DUTY."
37. A question of accounting principle in connection with the acquisition by the Government of house property in settlement of all claims, and in lieu of the payment of Estate Duty of $20,384 and Interest, is the subject of correspondence between the Government and this Department. The Treasurer submitted that it was not an opportune time to sell property owing to the depression which obtained, and that he did not propose to record the transactions in his accounts. The question of selling the property is now being considered and the accounting procedure will be kept in view.
KOWLOON CANTON RAILWAY.
38. A copy of the Manager's Report for 1936 of the British Section of the Kowloon Canton Railway is forwarded (Enclosure N). The accounts have been regularly rendered and satisfactorily kept.
39. The arrangements made in 1935 for the issue of through tickets between Kowloon and certain Stations of the Canton-Sam Shui Railway have worked well.
40. The final division sheet of Through and Joint Sectional Traffic Receipts have been audited to the end of the year and have been accepted by both Administrations.
41. A similar agreement, to that referred to in the Annual Report for 1935, paragraph 44, was entered into with the Tung Kun Bus Company for the issue of through tickets between Liu Po and the Railway Station at Cheung Muk Tou.
42. The claims for haulage by British locomotives have been regularly met.
43. Surveys on the accounts of the Railway Head Office, Railway Stations and Stores were made during the year and call for no comment.
STORE ACCOUNTS.
44. The examination of the various Store Accounts call for no special comment. From January 1st all Departments, with the exception of the Railway, were required to obtain their supplies of stores through the Public Works Department. This arrangement has greatly increased the Audit examination. The creation of a Government Distributing Dispensary necessitated the reorganisation of the accounting of the Medical Stores. A system of accounting was introduced but it has been found not to work well and the Director of Medical Services has taken action in the matter.
MISALLOCATIONS.
45. There were no misallocations remaining in the accounts unadjusted at the close of the year.
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·A (2)-6 -
ESTATE DUTY."
37. A question of accounting principle in connection with the acquisition by the Government of house property in settle- anent of all claims, and in lieu of the payment of Estate Duty of $20,384 and Interest, is the subject of correspondence be- tween the Government and this Department. The Treasurer submitted that it was not an opportune time to sell property owing to the depression which obtained, and that he did not propose to record the transactions in his accounts. The ques- tion of selling the property is now being considered and the accounting procedure will be kept in view.
KOWLOON CANTON RAILWAY.
38. A copy of the Manager's Report for 1936 of the British Section of the Kowloon Canton Railway is forwarded (Enclosure N). The accounts have been regularly rendered and satis- factorily kept.
39. The arrangements made in 1935 for the issue of through tickets between Kowloon and certain Stations of the Canton- Sam Shui Railway have worked well.
-
40. The final division sheet of Through and Joint Sectional Traffic Receipts have been audited to the end of the year and have been accepted by both Administrations.
41. A similar agreement, to that referred to in the Annual Report for 1935, paragraph 44, was entered into with the Tung Kun Bus Company for the issue of through tickets between Liu Po and the Railway Station at Cheung Muk Tou,
42. The claims for haulage by British locomotives have been regularly met.
43. Surveys on the accounts of the Railway Head Office, Railway Stations and Stores were made during the year and call for no comment.
STORE ACCOUNTS.
44. The examination of the various Store Accounts call for no special comment. From January 1st all Departments, with the exception of the Railway, were required to obtain their supplies of stores through the Public Works Department. This arrangement has greatly increased the Audit examination. The creation of a Government Distributing Dispensary necessitated the reorganisation of the accounting of the Medical Stores.. A system of accounting was introduced but it has been found not to work well and the Director of Medical Services has taken action in the matter.
MISALLOCATIONS.
45. There were no misallocations remaining in the accounts unadjusted at the close of the year.
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