CO129-624-9 Finances- annual account 1-1-1948 - 31-12-1949 — Page 7

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REPORT of the DIRECTOR GENERAL OF COLONIAL AUDIT

on the ACCOUNTS of HONG KŨNG for the year ended

the 31ST of MARCH 1949.

3467/2

ANNUAL ABSTRACT

ACCOUNT.

STATEMENT OF AGSETS

AND LIABILITIES.

REVENUE ACCOUNTS.

As certified thereon, the Annual Abstract

Account, together with the Statement of Assets and

Liabilities on the 31st of March 1949, has been

examined under my direction,

2.

The Account as rendered includes certain

errors in classification which were brought to the

notice of the Accounting Officer too late for

adjustment.

Those which affect Revenue or

Expenditure Heads or Below-the-line accounts in the

Account and are the equivalent of £50 or more in

amount are shown in the enclosed list.

3.

The Director of Audit states that, at the

date of his Report, 45 Expenditure Vouchers totalling

$605,674.83 for the year ended 31st March 1948, and

197 totalling 84,768,013.23 for the year ended 31st

March 1949, had not been submitted for audit. He

adds that he has brought the matter to the notice of

the Accountant-General.

4.

In the absence of rules relating to the

Waterworks Renewals Fund, the Director of Audit has

been unable to verify that contributions to the Fund

have been correctly calculated or to verify the

authority for expenditure charged to the Fund. He

is, however, in communication with the Accountant

General regarding the authority for the basis of

operation of the Fund.

Бо

With reference to paragraph 11 of my last

Report, the Director of Audit again reports that no

payments..