299
a
(1) In the Assets and Liabilities for 31st Dec. 1890 a sum of $206,000 figured as "drafts drawn by Brown Agents in transit"; that probably a large portion of this would be on account of purchase of silver which would be in the mint. The coins made from this silver would be delivered in 1891 and increase our balances.
3
A large quantity of Stores paid for in previous years were issued and charged to works in 1891 and so the whole of the expenditure shown in the accounts was not really spent in cash.
That the arrears of Revenue in the 1891 Statement are larger than those in the 1890 statement.
In receiving these explanations the Colonial Secretary wrote to me as follows:
a
"To make our statement of Assets and Liabilities complete, there should be entered on asset side selling value of coins ordered and paid for, but not already received, i.e. in transit? and value of stores paid for and not issued?
Quaere as to the latter as we have always to keep a certain stock in store.
Are you aware of anything per contra omitted on liabilities side?
To this I have replied as follows:
I agree with you and think the whole of the Stores are a real Asset as if the Colony had to go into liquidation we could realize those Stores although possibly they might not fetch cost price.
I know of nothing per contra.
As the Comptroller and Auditor General has apparently approved the present way of making the statement of Assets and Liabilities I do not think it should be altered without reference to him and I am writing to him on the subject."
I shall feel obliged if you will give me an expression of your opinion on the subject when I will inform the Colonial Secretary.
I have &c.,
(Signed) H.E. Nicolle,
299
a
(1) In the Assets and Liabilitie
or Hat Dec. 1890 a
D
sam of § $206000 figured as "drafts "drawn by brown Agents in "trausit; that probably large portion of this would be
on account of purchase of silver which would be in the mint. The coins ma de from this silet would be delivered in 1891 and,
increase our balances-
3
A large quantity of Stores -paid for in previous ye a to were issued and charge d to works in 1891 and so the whole of the expenditure. shown in the accounts coas not really spent in cash
That the arrears of 20venal in the 1891 Statement are larger
1890 statement.
than those in the
In receiving these - -explanations the Colonial
Secretary corole to me follows i
a
"To make our statement "of Asalts and Liabilities "Complete, there should be "entered on asset side
side selling "Value of coins ordered and
paid
-paid for, but not already
in
"transit? and value of stores ~
"paid for and not isoned?
Quaere as to the latter as
"we have always tokeep a certain
"
"valock in store.
Are
you
aware
i.e.
of anything per contra
Onitled on liabilities side?
To this I have replied as
follows:
I
agree
with you and thank the whole of the Stoves are "ant Asset as if the Colony had to go
into liquidation we could "realize those Stores although -possibly they might not fetch "cost price.
I know afnothing
per contra.
As the Comptroller
"and Auditor Feneral has "apparently approved the present "Way of making the statement "Of Assets and Liabilities I do "not think it should be altered -without reference to him and "I am writing to him on the "saaject."
I shall feel obliged if you will give me an expression of your opinion on the su ubject when
I will inform the Colonial
Secretary
I have &c.,
(Signed) H.6. Nicolle,
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