CO129-511-9 Certified copy of Annual Abstract Account of Hong Kong 1926- report by Director of Colonial... 10-10-1928 - 10-10-1928 — Page 3

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The unallocated stores of the Railway have

been reduced below the figure of 150,000 dollars by writing-off a large part of the value of certain stores. This writing-off has been approved

by the Secretary of State (see Nos. 18 and 19 on 52851). It appears, however, that this was not really necessary since the approved standard stock of 150,000 dollars was exclusive of value of these particular stores (see 16564 1926) and after deducting them the value of the stores at 31 st

December 1926 was less than 150,000 dollars.

The

Subject to any observations of the D.C.A. I think we should explain the position to Hong Kong.

Any Strows?

1131671/5

نشگاه

15.11.28

!r Beckett

H

not have bren

may

necessary

tò

write down

the

these rails in order

value of these rails

tô

make the smallocated

Stores balance

ordinary

but there

come within the

maximum of $150,000;

seems from the

remarks in No 18 of 52851/28 J.K.

to have been ample reason

for so writing it

order

down

in

to bring the value of

the Colony's asseto

mor

uită