I am inclined to think that the plan of paying the Official Receiver, when acting as a trustee in bankruptcy, by commission on the receipts has many vigorous advantages; but if a bankrupt's estates are retained as investments, it might be better to adhere to the rule laid down by Lord Derby in 1883 against direct payment of commission.
But the former course would deprive the Official Receiver of his statutory remuneration.
I am inclined to think that it would have been better to appoint an outsider as Official Receiver and let him receive the fees and commission provided by the Ordinance - but perhaps the former master had good reason for appointing the Registrar. Still, it would not do to appoint the Registrar and have his subordinates audit his accounts. This anomaly should be corrected.
It is difficult to make arrangements for temporary investments of funds, but there is no harm in suspecting that the idea of making the Bankruptcy fund pay for itself has entailed any addition to the staff, except perhaps a temporary clerk.
As to the Bankruptcy estate being made to pay for itself - it does not appear that it has entailed any addition to the staff, except perhaps a temporary clerk.
Page 363
Page 363
Page 363
...
EXCHEQUER AND AUDIT DEPARTMENT,
C.O.
If any further correspondence on this subject is made, the above number should be quoted, and the communication should be addressed to "The Comptroller and Auditor General."
Gov 18944
Sir,
20846
"RECEIVED"
Br 12 0 331
SOMERSET HOUSE,
LONDON, W.C.
December 1893.
I am directed by the Comptroller and Auditor General to refer to Mr. Fairfield's letter of 4th October 1892, on the subject of the accounts of the Supreme Court of Hong Kong, in which it is stated that the Marquess of Ripon had approved the Governor's proposal that when the Official Receiver acts as a Trustee in Bankruptcy, his accounts should be subjected to a thorough audit by the Local Auditor.
401*
In consequence of this decision, Sir Charles Ryan, in a letter to Mr. Nicolle of 25th May 1893, a copy of which is appended, gave directions for the accounts in question to be examined.
A Report from the Local Auditor, dated 10th October 1893, as to the examination of these Accounts has now been received and is herewith transmitted (in original to be returned) for the information of the Secretary of State. It will be observed that it bears the Governor's initials as having been seen under flying seal.
Notwithstanding Mr. Nicolle's excusable reluctance to undertake what, under existing circumstances, is doubtless a difficult and most complicated examination, the Comptroller and Auditor General is of opinion that, as a question of principle, all accounts for which Government Officials are responsible should be audited, and he is quite prepared to direct the continuance of the examination of these accounts.
The Honourable R.H.Meade, C.B.,
Colonial Office.
Page [next page]
Page [next page]
Page [next page]
is a my
heavy roping bankruply
cares in which
the official Receiver in appointed Muster.
But it is andel
fir
the cover be mentions
g
the Micial
are specimens that the audit Receiv's accounts as haste of the Register other officer affinletsste (gent under. 162 de in a farce - and the attention
st o the Cant should be called to this
other une
made right the subrepent audit of the Local auditen the wuld be greatly facilitated
J
inclined to theil it would have hea bitter to appoint an outsider official Receiver and hit hear reccion the fres and commission bearded of the
the Adinance - but perhaps the former master had food reason for affainting te fed. Thier it would not do to appoint the Registrer and have his anomaly coorhauled This subordinates-
ni
I am
the incline & Nails that the plan paging the official Rections when acting as a
has master by commission on the receipts her di
and hum Eudy & the merc vigorous advantages
but if a & bendrupt estates
gft Recein it
attalion Sut Spies
is the retained as
magh bitter to adhere to the bike laid down by Les Donly in 1883 gainst direct payment of
Sed prius of fres
Commission in
But the former connet deprive the official Receives this statuting remuneration
sxccatur adi
of
z a the Winana naot
I amended to fir effect to the propert As to the Bankuply with being made t kay for itself - it does not appear that it has Entailed any addition to the staff asther Const Except perhaps a tre penger -
са
ast morstments & aur apaid that is difpcult,
uodry fo ssonbanj
*UOZENG 'M
appar
praybur
praying
*W
in blay where there is by Conornient nevertunt like County to find temporary worstments of fund
ape months of the
which with he required
artside - but there is an haron in suspecting
the idea
If the hiel Ryan should word that the audit
the official Recover accounts by the Level audien
ᏞᏙᎻ
ratail, additional staffe I did h melind i da so proud
it and to ban the auditing to the dealt with!
under 16e the lid. En 1621.
Ew
见
No..
1376.
EXCHEQUER AND AUDIT DEPARTMENT,
Ofer
C.0.
I any further correspondence on this subje
the above number should be quoted,
und
the communication should be addressed to
"The Comptroller and Auditor General.”
Gov 18944
Sir,
20846
"RECE
Br 12 0 331
SOMERSET HOUSE,
LONDON, W.C.
December 189 3.
I am directed by the Comptroller and Auditor General to refer to Mr Fairfield's letter of 4th October 1892, on the subject of the accounts of the Supreme Court
of Hong Kong, in which it is stated that the Marquess of Ripon had approved the Governor's proposal that when the Official Receiver acts as a Trustee in Bankruptcy his accounts should be subjected to a thorough Audit by the Local Auditor.
401*
In consequence of this decision Sir Charles Ryan in a letter to Mr Nicolle of 25th May 1893, a copy of which is appended, gave directions for the accounts in question to be examined.
A Report from the Local Auditor, dated 10th October 1893, as to the examination of these Accounts has now been received and is herewith transmitted (in original to be returned) for the information of the Secretary of State. It will be observed that it bears the Governor's initials as having been seen under flying
seal.
Notwithstanding Mr Nicolle's excusable reluctance to under- -take what, under existing circumstances, is doubtless a difficult and most complicated examination, the Comptroller and Auditor General is of opinion that, as a question of principle, all accounts for which Government Officials are responsible should be audited, and he is quite prepared to direct the continuance of the examination of these accounts.
In
the Honourable R.H.Meade, C.B.,
Colonial office.
No comments yet.
Private notes are available after approval.