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Colony as if it were about to "go into liquidation", but only to show the money available for Colonial purposes to meet Liabilities payable out of current Colonial Funds.
bullion
5. With reference to the question of bullion purchased for coining, it would seem that such bullion, when deposited in a Mint, is, so far as a Statement of Assets and Liabilities is concerned, much in the same position as Stores purchased but not issued, and should be therefore excluded from any such statement.
6. At the same time the Comptroller and Auditor General can quite understand the anxiety of any Colonial Government that coin ordered and paid for, but not actually in transit, should appear to the credit of the Colony.
7. Any difficulty on this head, however, can easily be met, and all necessary information furnished, by appending a foot-note to the Annual Statement of Assets and Liabilities, showing the amount of bullion purchased, the cost of such purchase, and any other information considered desirable.
8. Sir Charles Ryan trusts that the Marquess of Ripon will agree with him that uniformity in the method of dealing with Statements of Assets and Liabilities is in itself highly desirable, and that in the suggestions he now makes his views are not at variance
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Colony as if it were about to "go into liquidation",
but only to show the money available for Colonial purposes to meet Liabilities payable out of current Colonial Fands.
bullion
5.
With reference to the question of purchased for coining, it would seem that such bullion, when deposited in a Mint, is, so far as a Statement of Assets and Liabilities is concerned, much in the same position as Stores purchased but not issued, and should be therefore excluded from any such
statement.
6
At the same time the Comptroller and
Auditor General can quite understand the anxiety of
any Colonial Government that coin ordered and paid
for, but not actually in transit, should appeur to
the credit of the Colony.
7.
Any difficulty on this head, however,
can easily be met, and all necessary information fur-
nished, by appending a foot-note to the Annual
Statement of Assets and Liabilities, showing the am-
ount of bullion purchased, the cost of such purchase,
and any other information considered desirable.
8
Sir Charles Ryan trusts that the Mar-
quess of Ripon will agree with him that uniformity in
the method of dealing with Statements of Assets and
Liabilities is in itself highly desirable, and that in
the suggestions he now makes his views are not at
variance
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