384
showing a profit on exchange of $114. With the heavy fall in exchange which took place last year the total profit accrued for the year is large, viz. $2344.41.
It has been customary in past years after the Money Order Balance Sheet has been examined to carry any profit to the credit of revenue.
Owing to the recent action of the Indian Government as regards silver it is almost certain that in our transactions this year with that Country there will be a heavy loss on exchange which will not be covered by the profit from other Countries and unless there is some fund to cover this loss it would be necessary to ask for a vote of the Legislative Council and so it is not proposed to credit Revenue with the $2344.41 accrued on last account, but to retain this amount in the Money Order Accounts with a view to covering any balance of loss on this year's accounts.
I have the honour to ask whether this meets with your approval.
I have, etc.,
(Signed) H.C. Nicolle.
DRAFT.
And The Comptroller & Auditor General.
MINUTE.
Mr. Wilson 27 Nov,
Mr. Lush.
Mr. Forster.
Mr. Wingfield.
Mr. Bramston.
Mr. Meade.
Mr. Baxter.
Marquess of Ripon.
27 Nov 83
28 Nov 83
In reply to your letter No. 1253 of the 21st instant I am directed by the Marquess of Ripon to inform you that his Lordship concurs in your opinion that the Money Order transactions ...
вто 7968757
384
showing
a profit on exchange of $114. With the heavy fall in exchange
which took place last year the total profit accmed for the year is large rift. $2344.41.
It has been customary in fast years after the money order halauet Sheet has been examined to carry any profit to the credit of revenue.
Owing to the recent action of the Indian Government as regards silver it is almost certain that in our transactions
this
year
with that Country there will be a heavy loss on exchange
which will not be covered by the profit from other - Countries and unless there is some fand
to to cover this loss it would be necessary ask for a rate of the Legislative Council and so it is not proposed to credit Revenue with the $234/4.41 accrued on last account, but to retain this
year amount in the money orde, Accounts with a view to covering any balance of
loss on this.
year
/
accounts.
I have the honour to ack
whether this meeto
your résus.
your
I have, etc.,
(Liqued) H.C.Nicolle.
DRAFT.
And
The Comptroller &
Auditor Several
MINUTE.
Mr. Wilson 27 hor,
Mr.
Luck.
Mr. Forfield.
Mr. Wingfield.
Mr. Bramston.
Mr. Made.
Mr. Baxton.
Marquess of Ripon.
27 fs
28 Nov7693
In reply to youn
перв
letter se 1253 ofthe
21th mustart I am
directed by the Marquesso Riton
to inform you that his Lordship
hiš
in
concurs
your opinion
that the honey
Order Fransactions
?
No comments yet.
Private notes are available after approval.