AnnualReport-1937 — Page 102

70. Note Issue Account ($3,513,870.42). -

Nickel Coinage Account-($1,678,854.57).

The existence of these assets has been verified by audit. Of the balance, of the Nickel Coinage account the sum of $1,290,336.81 was invested, the securities being held by the Crown Agents for the Colonies.

71. These investments were revalued in accordance with Colonial Regulation 275. The revaluation showed a net loss of £26. which was met from the "Nickel Coinage Security Fund."

72. Deposits:-

LIABILITIES.

Contractors' and Officers Deposits $447,749.26

Insurance Companies 1,563,341.62

Miscellaneous Deposits. 1,339,709.71

$3,350,800.59

A Statement (Enclosure F), prepared by the Accountant-General, which supplies details of the balances of the individual accounts from which the above totals are arrived at, is submitted.

73. Deposits-Reconciliation of departmental and Accountant-General's balances.

The following items included in the statements of deposits have each been reconciled with departmental records by one of the following methods:

(a) Abstracting balances shown in departmental records and comparing their totals with Treasury figures. This was done by Audit.

(b) Comparison with detailed statements rendered by departments at the request of audit.

(c) Reconciliations made by departments at Audit request. Statements signed by Heads of Departments concerned certifying the correctness of the balances have been accepted by Audit.

Official Receiver:

Bankruptcy Account $4,180.89

Companies Liquidation A/c. 4,519.59

Registrar, Supreme Court:-

Official Administrator $13,862.20

Official Trustee 23,882.47

Suitors' Fund 13,384.50