CO129-605-1 Annual Accounts- 1946-7 9-9-1948 - 14-3-1949 — Page 26

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APPENDIX 1.

STATEMENT OF ASSETS AND LIABILITIES AS AT THE 31ST MARCH, (1947.

LIABILITIES

DEPOSITS:-

Government Servants and Contractors

H.M. Government

Other Administrations

Miscellaneous

SUSPENSE

CURRENCY FUNDS:-

Note Security Fund

Subsidiary Note Security Fund

Overprinted Note Security Fund Nickel Coinage Security Fund

S. C. A. FUNDS:-

Chinese Public Dispensaries

District Watchmen

Passage Money

MISCELLANEOUS FUNDS:-

China Provident Loan & Mortgage Co., Ltd.

$ 5,108,795.12 13,332,592.81 2,380,051.47

CASH IN HAND:-

Treasury No. 1 Account

2

Crown Agents (£822-1-9)

Joint Colonial Fund (£269,000)

4,929,217.63 $ 25,750,657.03

IMPRESTS

Education Scholarships

4% Conversion Loan Sinking Fund

Banking and Insurance Companies

Supreme Court (Official Administrator, Public Trustee etc.)

Grant Schools Provident Fund

Water Works-Renewals Fund

GENERAL REVENUE ACCOUNT:—

Balance on 1st May, 1946 Deduct Deficit during 1946/47 Balance at 31st March, 1947

$ 3,970,269.63 3,482,834.74

NOTES: (1)

26,600,399.04 | ADVANCES:-

8,992,092.57

2.413.438.65

ASSETS

$9,138,708.28 1,138,297.38 13,153.40 4,304,000.00

$ 14,594,159.06

90,165.09

Personal

$

Other Administrations Pending Raising of Loan Miscellaneous

240,241.61 6,620,953.55 30,360,746.70 646,048.41

37,867,990.27

400,000.00 LOANS TO LOCAL BODIES:-

1,866,148.41

6,000.00

58,000.00

6,000.00

100.000.00 68,301.71 3,031,685.80

Fisheries Co-operative Hong Kong University

INVESTMENTS ETC.:-

Currency Funds:-

Note Security Fund-Current a/c Subsidiary Note Security Fund-

Current a/c

Nickel Coinage Security Fund

Current a/c

Sterling Investments

(£116,491-15-11)

Coins held by Hong

80.920.000.00

2,940.160.80 137,303.22 391,898.00

$ 250,000.00 480,000.00

730,000.00

3,392,092.57

1,163,438.65

1,800.08

$1,863,868.73

Kong & Shanghai

Bank in London ...

479.60

1,864,348.33

1,866,148.41

S. C. A. Funds:-

Chinese Public Dispensaries-Hong Kong

Government Loan, 1934

District Watchmen-Hong Kong Govern-

ment Loans, 1934 & 1940

487,434.89

Passage Money-Hong Kong Government

Inan 1940

Miscellaneous Funds:-

China Provident Loan & Mortgage Co.,

Ltd.-Fixed Deposit

Education Scholarships-

Hong Kong Government Loans Fixed Deposit

4% Conversion Loan Sinking Fund-

Sterling Investments (£189,430-7-3) Banking & Insurance Companies

Sterling Investments (£5,05",500) Supreme Court-Current a/c & Fixed

Deposits

Grant Schools Provident Fund-

Sterling Investments (£6,16"-9-4) Sundry-Hong Kong Government

3% Loan, 1940 Fixed Deposit

$154,169,520.12

6,000.00

58.000.00

6.000.00

100,000.00

54.000.00 3,000.00

57,000.00

3,031,685.80

80,920,000.00

2,940,160.80

98,679.47

5,559,000.00 1,689,000.00

7,248,000.00

$154,169,520.12

Advances totalling £3,250,000 were received from the British Government up to the 31st March, 1947. Of these, £750,000 appears as a liability under Deposits. The balance of £2,500,000 advanced before the 1st May, 1946, represents a contingent liability sine it was treated by the London Accounts Office as a free grant and taken to Revenue. The final incidence has not yet been decided.

(2) Certain investments, in respect of various Funds, which existed in 1941 were recovered intact after the liberation of the Colony.

with the corresponding liability to such Funds, have been incorporated in this Statement.

These, together

The have now been restored, as a charge

(3)

The 1941 Security Funds covering the Government Notes in issue were appropriated by the Japanese. against the General Revenue Balance, to the extent of approximately 70% of the full amounts recorded as being in circulation at the end of 1941. All issues since the liberation have been fully covered.

Al Collens

countant LEN

in the rebane Do For

H. R. HIRST, ·

6.

Accountant General.

THE TREASURY, HONG KONG,

10th February, 1948,

Excamined.

PH. Jenning.

9th Septembe

1948,

Audit.

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