CO129-261 - Public Offices & Others - 1893 — Page 385

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed

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E. & A. Dept. Form No. 1 b.

The Local Auditor - Hong Kong to the

Comptroller and Auditor General.

10 18/56/93.

Six.

383

0.0.

19684

224V 93 Audit Office

10th October 1898,

I have the honour to inform you that owing to the varying rates of exchange there is always at the close of the year profit or loss on exchange on money order transactions.

For the past two or three years there has always been a profit and this is easily accounted for as with a falling exchange there will usually be a profit and with a rising exchange a loss. As an example, say Australia, with whom we exchange a large number of orders, sends us lists of orders to pay for, say $500 when exchange is at 2/9, all the orders in these lists whenever fair are paid at 2/10, and so we have to pay out to the public $3636.

Australia remits to us from time to time drafts to cover the balance due to us which is always in our favour. When her drafts arrive exchange has fallen say to 2/8 and we sell the drafts therefore for $3400, showing

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E. & A. Dept. Form No. 1 b. The Local Auditor - Hong Kong to the Comptroller and Auditor General. 10 18/56/93. Six. 383 0.0. 19684 224V 93 Audit Office 10th October 1898, I have the honour to inform you that owing to the varying rates of exchange there is always at the close of the year profit or loss on exchange on money order transactions. For the past two or three years there has always been a profit and this is easily accounted for as with a falling exchange there will usually be a profit and with a rising exchange a loss. As an example, say Australia, with whom we exchange a large number of orders, sends us lists of orders to pay for, say $500 when exchange is at 2/9, all the orders in these lists whenever fair are paid at 2/10, and so we have to pay out to the public $3636. Australia remits to us from time to time drafts to cover the balance due to us which is always in our favour. When her drafts arrive exchange has fallen say to 2/8 and we sell the drafts therefore for $3400, showing

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E. & A. Dept. Form No. 1 b. The Local Auditor- Hong Kong to the Coup trolees and auditor General. 瓜 10 18/56/93. Six. 383 0.0. 19684 224V 93 Audit Office vong trong 10 th October 1898, I have the honous to inform you that owing to the rarying rates of exchange there is always at the close of the year profit or loss on exchange on money order transactions For the fact two or three a year there has always been a profit aud this is easily accounted for as with a falling exchange there will usually be a profit and with a rising exchange a loss. As an example, say Australia, with whom we exchange a large number of Oder, sends us lido of orders to pay for α. 500 when exchange is at 29, all the order in these lists whenever faix are faid at 210, and so we have to pay out to the habeic $3636. Australia remits to us from time to time drafts to cone, the balance due to us which is always in our favour. when she Brafts arrive exchange has falen say 2/8 and we sell the drafts therefore for $3400 shewing

2026-05-27 08:06:06 · Baseline

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E. & A. Dept. Form No. 1 b.

The Local Auditor- Hong Kong to the

Coup trolees

and auditor General.

瓜

10 18/56/93.

Six.

383

0.0.

19684

224V 93 Audit Office

vong trong

10 th October 1898,

I have the honous to inform you that owing to the rarying rates of exchange there is always at the close of the

year profit or loss on exchange on money order transactions

For the fact two or three

year there has always been a profit aud this is easily accounted for as with a falling exchange there will usually be a profit and with a

rising exchange a loss. As an example,

say Australia, with whom we exchange a large number of

Oder, sends us lido of orders to pay for

α.

500 when exchange is at 29, all the order in these lists whenever faix are faid at 210, and so we have to pay out to the habeic $3636.

Australia remits to us from time

to time drafts to cone, the balance due to us which is always in our favour. when she Brafts arrive exchange has falen say 2/8 and we sell the drafts therefore for $3400

CO129-261 - Public Offices & Others - 1893 — Page 385

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