CO129-574-11 Alteration in dates of the financial year 21-9-1938 - 28-3-1939 — Page 5

5

(GIB)

No.3476/7.

So far as the convenience of this Department

is concerned, it would on the whole be advantageous

to have the financial years of the Colonies with

which we deal distributed more evenly between the

various alternatives than is the case at present, as

the prevalence of the calendar year as the year of

account tends to result in our being flooded out with

Annual Accounts for examination and report in the

last four months of the year. On the other hand,

if a Colony is grant-aided, it is, from our point of

view, better that it should have the calendar year

as its financial year, so that there will be a reason-

able chance of our getting the Account certified and

reported on before the end of December and so keep

the Comptroller and Auditor General and the Public

Accounts Committee quiet.

As Hong Kong is not - and I hope will not

become - grant aided, I rather welcome the proposed

change.

ал

Ay. Harding

Director of Colonial Audit.

24-3-

-39

I have

rom the us point

of view, there is no

wean between hand. 4,

while ther

no comments to fer is

are as sited oberons advantages from the preparation of Estimatio

pouit & views in the sarangements Enggested.

As proposed. Tom. times 27.3.39.

Isuppose

27/07/29

departmental reports (88. PWD mesical) with contume

For the calendar year.