CO129-546-1 Loans for public works 6-1-1934 - 14-8-1934 — Page 27

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in which case the audit of such accounts

would have been the duty of the Auditor.

In fact, however, I gather from your letter

that such is not the case and that the

accounting for the issue of the loan has

been carried out by the two Banks referred

to in the Prospectus. I also gather that

the Colonial Government is fully satisfied

that these accounts should not fall under

audit by this Department.

3. In view of these circumstances,

and bearing in mind that it is not the

usual practice for the detailed accounts

for the issue of a Colonial Government

loan through Agents to fall under audit

by the Colonial Government Auditor, I

consider that the fact that the correct

amount which should have been received in

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respect of the loan ($13,880,000) was

credited tn the Bank Pass Book, and

duly brought to account in the Treasury

Cash Book, may satisfy audit requirements.

4.

In view of the nature of the

case, however, I am sending a copy of

your letter and of this reply to the

Colonial Office, so that the Secretary of

State may be fully aware of the position

regarding the audit of the accounts of the

issue of the loan in question.

I have the honour to be,

Sir,

Your obedient Servant,

(SIGNED) A. J. HARDING.

Director of Colonial Audit.