CO129-315 - Public Offices & Others - 1902 — Page 130

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attention has been drawn to the fact that a sum of $972 in respect of Increases of Pay to Lighthouse Keepers has been incorrectly charged in the Annual Account to the Harbour Master's Department instead of to Lighthouses.

The excesses on the various Heads, amounting in gross, as shown in the Account, to $515,128.91, have been duly provided for by Supplementary Appropriation Ordinance (No: 27 of 1902) with the exception of $129,209.24 under the Head "Military Expenditure". This excess is due to the fact that the percentage on the Revenue payable to the Imperial Government was raised in 1901 from 17% to 20%

while the Revenue greatly exceeded the Estimate.

The Detailed Statement of Expenditure is forwarded herewith.

FINANCIAL STATEMENT FOR 1901.

ASSETS AND LIABILITIES.

4. The Statement of Assets and Liabilities, as rendered. by the Treasurer, shows an excess of Assets on 31st Decem- ber 1901 of $1,036,523.54 (not including Arrears of Rev- enue amounting to $61,132.00) as compared with anexcess of Assets of $1,100,785.69 on 31st December 1900, in which, however, was included $137,426.46 on account of

arrears of Revenue.

LOCAL AUDIT.

5. The examination of the Revenue and certain other

Accounts was conducted under my directions by the Officers

of my Department stationed in the Colony.

The Acting Auditor also inspected the accounts of the Postal Agency at Canton during the year. A deficit of $394.73 was found to exist, which, I am informed, has

since been made good.

OUTSTANDING