9
COLONIAL
DEVELOPMENT
on the findings of the Board, and he had seen no reconcili-
ation between the stocks and ledger balances and the
financial balances appearing in the Treasury books at 31st
March, 1947, and 31st March, 1948.
14. With reference to paragraph 31 of my last Report, the
Director of Audit reports that the lists of stores referred
to therein are still awaited.
15. The balance of stock on hand in the Kowloon-Canton
Railway Unallocated Stores at 31st March, 1948, as shown in
Statement 11 of the Accountant General's Report, was
$350, 843. 78. So far as I am aware, the maximum standard
stock of $175,000 authorised in the Secretary of State's
despatch No. 255 of 30 th June, 1933, has not been increased,
and I have not seen his approval for the excess of
$175,843. 78.
16. The asset "Advances Other Administrations
AND WELFARE $1,305,281.48" includes two items totalling $45, 297.99, ACCOUNTS
which are apparently chargeable to Hong Kong funds. The
Director of Audit states that it is proposed to make the
necessary adjustments and that the matter will be kept in
view. This asset also includes expenditure in respect of
Colonial Development and Welfare Scheme R.94 of $3,875,63,
which should have been charged to final expenditure and
recorded in a footnote to the Statement of Assets and
Liabilities as recoverable from Colonial Development and
Welfare funds in accordance with the authorised accounting
procedure. The Director of Audit has brought the matter to
the notice of the Accountant General.
VERIFICATION OF ASSETS
17.
Following the procedure laid down in the Secretary of
State's Circular Despatch of 9th December, 1938, the
Securities and Cash Balances, recorded in the Accounts as
rendered, which were held by the Crown Agents for the
Colonies
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