CO129-374 - Public Offices & Others - 1910 — Page 226

220

C

mo. 21081/09

4.

The account contains amounts which

are overstated on each side of the account to

the extent of $11,273,492.93 on certain Heads

accounts in connection with the Railway by the inclu- sion of transactions which have been already

recorded in the account for 1908.

>

The Treasurer appears to have misinter-

preted paragraph 4 of Colonial Office Despatch

No:251 of 21st October 1909 and to have failed

to recognize that the receipts and the ex-

penditure in connection with the Railway from

its commencement up to 31st December 1908 hav-

ing been recorded in the amended account for

that year, it is improper to record them again in addition to the final expenditure incurred

during the year 1909. The correct figures

for 1909 are as follows:-

RECEIPTS

Wuchang Loan

$1,272,289.15 instead of $4,566.983.02

Crown Agents' Advances4,324,006.82

"

11

8,581,449.31

Crown Agents' Drafts 2,300,705.34

Suspense Account

+

2,433,724.61

H

#

3,588,337.30

7,897,001.31

19,170,494.24

Z.

PAYMENTS

7.897.001.31

11,273,492.93

Kowloon-Canton Rly. $3,580,824.91 instead of $9,959,515.92

Suspense Account

3,500,824.91

#

13

4.894.801.92

14,854,317.84

3.580.824.91

11,273,492.93

b.

A Statement of Assets and Liabili-

ties on 31st December 1909 drawn up in my De-

partment