Page 273
Chief Justice's decision of 1854
11.
Aut here I may observe that the manner in which the Colonial Government accounts are at present kept is that nothing could well be more inconvenient and complicated. The revenue, as has been observed, is almost all paid in dollars, but it is brought to account in terms of Sterling money.
The Estimates and appropriation accounts are made out in Sterling, but the Contracts for supplies and public works are all made in dollars; and the whole expenditure is paid from the Treasury in dollars, while charged in the accounts in Pounds, Shillings, and pence. I am not aware of any one advantage that is gained by all this trouble and confusion; and I therefore recommend that whether Her Majesty's Government decide to continue or withdraw the existing Proclamation, in either case permission be at once given to keep the accounts of the local Government in dollars and cents in the same way as the accounts of Foreign Banking and mercantile establishments in China are kept.
I find that both the Executive and Legislative Councils of the Colony have already unanimously recommended this change to Sir R. B. Lytton.
GR1178/1922/32(III) or related reference like 23940/57, N933 4 11 13669/59 should be checked for context.
Page 273
لام
273
Chief Justice's decision of 1854
11.
Aut here I
may
observe
me
the
manner in which the Colonial
Government accounts are at precent
hape that nothing could well be more inconvenient and complicated. The
has been observed, is
Perenne,
!
مة
almost all paid in dollars, but it is brought to account in terms of Sterling
money.
The Estimates and arrropriation
romances are
Rublic work.
made out in Sterling,
but the Contracts for supplies and
are all made in Follars; and the whole expenditure is paid from the Treasury in dollers, while charged in the accounts in
it is
Prunts, Shillings, and pence. _ I am
· not aware of any
one
advantage
that is gained by all this trouble and confusion; and I therefore recommend And whether Her Majestyp Frvemment
decide to continue
may
withdraw
the existing Proclamation, in either case permission be at once given to keep the accounts
the local
Government in dollars and cents in
the accounts of
the same
even
way
مة
Foreign Banking and mercantile
China
Istablishment in thin
are Kipt.
to main I find that both the buccntive
Mr. Labouchers.
梵
5. 184 9 23940/57
Legislative Councils of the Solony have
die. Iming & already unanimously rcommended
Sir
Sir R. B. Lytton
to
senten for this chang
N933 4 11 13669/59.
No comments yet.
Private notes are available after approval.