CO129-605-1 Annual Accounts- 1946-7 9-9-1948 - 14-3-1949 — Page 96

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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

$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

26,600,399.04 ADVANCES:~~

ASSETS

$9,138,708.28 1,138,297.38 13.153.40 4,304,000.00

$14,594,159.06

90,165.09

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.

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

8,992,092.57

2,413,438.65

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

80.920,000.00 2,940,160.80 137,303.22 391,898,00

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

::

$

250,000.00 480,000.00

730,000.00

3,392,092.57

1,163,438.65

1,800.08

Sterling Investments

(£116,491-15-11)

$1,863,868.73

Coins held by Hong

Kong & Shanghai

Bank in London ...

479.60

1,864,348.33

1,866,148.41

S. C. A. Funds:-

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

487,434.89

NOTES: (1)

(2)

(3)

$154,169,520.12

Chinese Public Dispensaries-Hong Kong

Government Loan, 1934

District Watchmen-Hong Kong Govern-

ment Loans, 1934 & 1940

Passage Money-Hong Kong Government

Loan, 1940

Miscellaneous Funds:-

Education Scholarships-

China Provident Loan & Mortgage Co.,

Ltd.-Fixed Deposit

Hong Kong Government Loans Fixed Deposit

4% Conversion Loan Sinking Fund-

Sterling Investments (£189,480-7-3) Banking & Insurance Companies-

Sterling Investments (£5,057,500) Supreme Court-Current a/c & Fixed

Deposits

Grant Schools Provident Fund-

Sterling Investments (£6,167-9-4) Sundry-Hong Kong Government

31% Loan, 1940

Fixed Deposit ...

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. Deposits. The balance of £2,500,000 advanced before the 1st May, 1946, represents a contingent liability since it was treated by the London Accounts Of these, £750,000 appears as a liability under Office as a free grant and taken to Revenue. The final incidence has not yet been decided.

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

These have now been restored, as a charge

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 girculation at the end of 1941. All issues since the liberation have been fully covered.

as tolles Laylor

1

H. R. HIRST, Accountant General.

THE TREASURY, HONG KONG,

10th February, 1948,

in the absence of

Excamined.

Mr. Inwind.

9th Septimum, 1948. Direct

ladi.

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