CO129-605-1 Annual Accounts- 1946-7 9-9-1948 - 14-3-1949 — Page 22

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LOAN ACCOUNTS.

COLONIAL DEVELOPMENT

AND WELFARE.

VERIFICATION OF ASSETS,

-10-

No

State has not yet been obtained for this procedure.

reconciliation between stocks and ledger balances nã the

financial balance appearing in the Treasury books at the

31st of March 1947, has been seen.

22

31.

With reference to paragraph 12 of my Report on the

accounts of Hong Kong for the 13 months to the 30th of April

1946, the Director of Audit reports that no lists of the

stores referred to therein have been seen, and he is in

communication with the Hong Kong Government on the matter.

32. The asset Advances Pending the Raising of a Loan -

₫ 30,360,746.70* in the Statement of Assets and Liabilities

represents rehabilitation expenditure temporarily met from

Colony surplus funds by a charge to Advances, in accordance

with Colonial Regulation 281. The approval of the Legislative

Council has been obtained for the expenditure as set out in a

Schedule which, I understand, has been sent to the Secretary of

State for his approval also.

33.

Expenditure of 2,447.30 incurred during 1946-47 in

respect of Colonial Development and Welfare Scheme R. 94, Was

charged to Advances, and is included in the item "Advances -

Other Administrations 6,620,953.55* in the statement of

<<

Assete and Liabilities. This amount should have been charged

to final expenditure in 1946-7 and recorded in a footnote to the

Statement of Assets and Liabilities as recoverable from Colonial

Development and Welfare Funds, in accordance with the authorito d

accounting procedure. The Director of Audit has brought the

matter to the notice of the Hong Kong Government.

34.

Following the procedure laid down in the Secretary of

State's Circular Despatch of the 9th of December 1938, the

Securities and Cash Balances, recorded in the Account as rendered.

which were held by the Crown Agents for the Colonies at the 31st

of March 1947, have been verified from the certificate rendered

by the Crown Agents without any endorsement by the Comptroller

and Auditor General.

35.

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