A (2) 17
89. In accordance with Colonial Office despatch of 16th December, 1936 draft Currency Rules were drawn up and submitted to the Secretary of State for approval vide Hong Kong despatch No.762 of 22nd December, 1937. These Rules were considered by the Secretary of State to be generally satisfactory, but certain points of detail have yet to be settled.
90. The destruction of Currency Notes, which is carried out by a Board of Officers specially appointed for that purpose, was usually witnessed also by a member of the Audit Department.
91. Official Trustee's Accounts.
In order to remedy what Audit considered to be a long standing accounting defect in the books of the Official Trustee, new ledger accounts of Trusts were opened and an Investment ledger was introduced as from the beginning of the year.
92. China Company Fees.
A local audit examination of the Registrar of Companies Accounts at Shanghai covering the period July 1936-April, 1938 has recently been carried out. The net revenue accruing from this source, exclusive of the revenue derived from Stamp fees, for the year amounted to $165,703, as compared with $170,966 for the previous year. No Audit Officer visited Shanghai during 1937 owing to difficult conditions prevailing there at that time.
93. Hospital Fee Deposits.
An improved procedure for the accounting of deposits on account of Hospital fees has recently been introduced.
94. Programme of Work.
With the exception of the final Division Sheets of the Kowloon-Canton Railway for the last quarter of 1937 and a few minor Post Office accounts, all of which are not yet available for audit, the Programme of Work as approved by the Director of Colonial Audit has been completed. There has been no material departure from the approved Programme.
95. Local Audit Inspections.
In addition to the routine examinations of accounts (including store accounts) at departmental headquarters, a surprise inspection has been made of cash balances and stamp stocks etc. at all Government offices in the Colony.
96. A continuous audit has been maintained on the accounts of the Railway, Harbour Master, Imports and Exports Department, and the Public Works Department (Unallocated Stores), as well as on the accounts of the Accountant-General.
A (2) 17
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· 89. In accordance with Colonial Office despatch of 16th December, 1936 draft Currency Rules were drawn up and sub- mitted to the Secretary of State for approval vide Hong Kong despatch No. 762 of 22nd December, 1937. These Rules were considered by the Secretary of State to be generally satisfactory, but certain points of detail have yet to be settled.
90. The destruction of Currency Notes, which is carried out by a Board of Officers specially appointed for that purpose, was usually witnessed also by a member of the Audit Depart-
ment.
91. Official Trustee's Accounts.
In order to remedy what Audit considered to be a long standing accounting defect in the books of the Official Trustee, new ledger accounts of Trusts were opened and an Investment ledger was introduced as from the beginning of the year.
92. China Company Fees.
A local audit examination of the Registrar of Companies Accounts at Shanghai covering the period July 1936-April, 1938 has recently been carried out. The net revenue accruing from this source, exclusive of the revenue derived from Stamp fees, for the year amounted to $165,703, as compared with $170,966 for the previous year. No Audit Officer visited Shanghai during 1937 owing to difficult conditions prevailing there at that time.
93. Hospital Fee Deposits.
An improved procedure for the accounting of deposits on account of Hospital fees les recently been introduced.
94. Programme of Work.
With the exception of the final Division Sheets of the Kowloon-Canton Railway for the last quarter of 1987 and a few minor Post Office accounts, all of which are not yet available for audit, the Programme of Work as approved by the Director of Colonial Audit has been completed. There has been no material departure from the approved Programme.
95. Local Audit Inspections.
In addition to the routine examinations of accounts (includ- ing store accounts) at departmental headquarters, a surprise inspection has been made of cash balances and stamp stocks etc. at all Government offices in the Colony.
96. A continuous audit has been maintained on the accounts of the Railway, Harbour Master, Imports and Exports Depart- ment, and the Public Works Department (Unallocated Stores), as well as on the accounts of the Accountant-General.
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