A (2) 8
45. (3) Since the date of the previous Audit Report Transfers in the Schedule, in accordance with Section 3 (2) of the Ordinance, were made on the following occasions.
(a) First Revision—Approved by Legislature 10th November, 1938 (Hansard 1938 pps. 175-176). Sanctioned by Secretary of State vide Telegram No. 2 of 6th January, 1939.
(b) Second Revision—Approved by Legislature 22nd December, 1938 (Hansard 1938 p.195). Not yet sanctioned by Secretary of State. Reported vide Hong Kong despatch No. 343 of 16th May, 1939.
46. From Enclosure No. 12A to this Report it will be observed that the total expenditure on the Shing Mun Valley Water Scheme as at the 31st December, 1938, exceeded by $915.95 the total sum authorised to be expended on that head, according to the last revision of the Schedule. This excess was of a temporary nature only and was due to the fact that certain adjustments in respect of transfers of plant to other Government departments were not passed through the accounts until January of the following year.
Loan Expenditure 1937—Transfers in Schedule to Ordinance.
47. With reference to paragraph 26(3) of the 1937 Audit Report the sanction of the Secretary of State has now been obtained for the revision referred to, vide despatch No. 279 of 2nd September, 1938.
Expenditure on additional works to be charged to a proposed new loan.
48. Resolutions approving the expenditure, during the year 1938, of sums of money, to be obtained by means of advances from the Colony's surplus funds pending the raising of a new loan, were passed by the Legislature on the following occasions:
(a) $1,781,000—29th September, 1937 (Hansard 1937 pps. 105-106). Sanctioned by Secretary of State vide Telegram No. 280 of 24th December, 1937.
(b) Revised to $1,221,000—10th November, 1938 (Hansard 1938 pps. 176-177). Sanctioned by Secretary of State vide Telegram No. 2 of 6th January, 1939.
49. The actual expenditure incurred on these works during the year 1938 was $1,020,549.76.
50. The detailed statement of expenditure for the year 1938 chargeable to the proposed New Loan, which appears as Enclosure No. 13B, records excesses of expenditure as compared with the amounts voted for the year under the following sub-heads:
A (2) 8
45. (3) Since the date of the previous Audit Report Transfers in the Schedule, in accordance with Section 3 (2) of the Ordinance, were made on the following occasions.
(a) First Revision-Approved by Legislature 10th November, 1938 (Hansard 1938 pps. 175-176). Sanctioned by Secretary of State vide Telegram No. 2 of 6th January, 1939.
(b) Second Revision-Approved by Legislature 22nd December, 1938 (Hansard 1938 p.195). Not yet sanctioned by Secretary of State. Reported vide Hong Kong despatch No. 343 of 16th May, 1939.
46. From Enclosure No. 12A to this Report it will be observed that the total expenditure on the Shing Mun Valley Water Scheme as at the 31st December, 1938, exceeded by $915.95 the total sum authorised to be expended on that head, according to the last revision of the Schedule. This excess was of a temporary nature only and was due to the fact that certain adjustments in respect of transfers of plant to other Government departments were not passed through the accounts until January of the following year.
Loan Expenditure 1937-Transfers in Schedule to Ordinance.
47. With reference to paragraph 26(3) of the 1937 Audit Report the sanction of the Secretary of State has now been obtained for the revision referred to, vide despatch No. 279 of 2nd September, 1938.
Expenditure on additional works to be charged to a proposed new loan.
48. Resolutions approving the expenditure, during the year 1938, of sums of money, to be obtained by means of advances from the Colony's surplus funds pending the raising of a new loan, were passed by the Legislature on the following occasions :---
(a) $1,781,000-29th September, 1937 (Hansard 1937 pps. 105-106). Sanctioned by Secretary of State vide Telegram No. 280 of 24th December, 1937.
(b) Revised to $1,221,000—10th November, 1938 (Hansard 1938 pps. 176-177). Sanctioned by Secretary of State vide Telegram No. 2 of 6th January, 1939.
49. The actual expenditure incurred on these works during the year 1938 was $1,020,549.76.
50. The detailed statement of expenditure for the year 1938 chargeable to the proposed New Loan, which appears as Enclosure No. 13B, records excesses of expenditure as compared with the amounts voted for the year under the following sub-heads :
-
No comments yet.
Private notes are available after approval.