CO129-341 - Acting Governor May Governor Lugard - 1907 [7-10] — Page 418

No.241.

engkong.

My Lord,

413

38178

Rect

'Rest 30 001 07

Government House,

Hongkong, 28th September, 1907.

I have the honour to inform Your Lordship that the Colonial Treasurer has drawn my attention to the fact that the statement showing the amount of all funds in custody of the Government at the end of each month which is forwarded to Your Lordship in accordance with instructions contained in the 4th paragraph of Sir Henry Holland's Despatch No.165 of 27th August, 1887, is not contemplated by the Financial Instructions in the form adopted by this Colony, and is moreover misleading at times from the fact that the amounts appearing to the credit of the various deposits not available do not include sums transferable to them in any month, as such transfers are not effected until the succeeding month.

2.

I propose therefore with Your Lordship's approval to discontinue the statement on the ground that it is not contemplated by the Financial Instructions.

RIGHT HONOURABLE

THE EARL OF ELGIN, K.G.,

&C.

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