CO129-546-1 Loans for public works 6-1-1934 - 14-8-1934 — Page 26

5477/16.

19 NOV. 1934

26

40

The Auditor,

HONG KONG.

sir,

ith reference to your

letter No. 109/99, of the 14th of

August last, on the subject of the

accounting for the issue made in June

1954 of the Hong Kong Government's

31 Dollar Loan, I have the honour to

inform you that I approve of your action

in taking the question of audit up with

the Colonial Government in view of the

provision contained in the Application

Letter that cheques should be made pay-

able to the Hong Kong Government, and

of the implication in the Allotment

Letter that cheques for the refund of

oversubscriptions (if any) would be

issued by the Colonial Treasurer out of

Government Funds.

2.

From the issue of the pros-

Rectus of the loan in this way it might

have been supposed that the receipts,

and possible repayments, on behalf of

the Hong Kong Government would have been

recorded in the accounts of the Treasury;

in