CO129-624-9 Finances- annual account 1-1-1948 - 31-12-1949 — Page 8

STORE ACCOUNTS.

VERIFICATION

OF ASSETS.

PROGRAMME OF WORK

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payments of rent have yet been made by the Services in

respect of their occupation of enemy property.

6. With reference to paragraph 13 of my last Report,

the Director of Audit states that at the time of writing

his Report, no information had been received concerning

action on the findings of the Special Board of Survey

which was appointed to ascertain the quantity and value

of stores on hand at 1st April 1947: and that he had

seen no reconciliation between the stocks and ledger

balances and the financial balances appearing in the

Treasury books at 31st March 1949.

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7. with reference to paragraph 16 of my laat Report,

the balance of stock on hand in the Kowloon Canton Railway

Unallocated Stores at 31st March 1949, as shown in Appendix

X of the Accountant General's Report was 8400,747.54,

thereby exceeding the authorised maximum standard stock of

$175,000 by $225,747.54.

I have not seen the approval of

the Secretary of State for this excess, but in his Savingram

No. 164 of the 16th February 1950, he gave authority for the

maximum standard stock to be increased to $500,000.

The

8. No Boards of Survey were held during the year on the

Allocated and Unallocated Stores maintained by the stores

Department as required by Colonial Regulation 344.

Director of Audit has suggested, however, that Boards of

Survey should be held annually on these Stores in future.

9. Following the procedure laid down in the Secretary

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

the Securities and Oosh Balances, recorded in the Accounts

as rendered, which were held by the Crown Agents for the

Colonies at the 31st March 1949, have been verified from

the Certificates rendered by the Crown Agents without

endorsement by the Comptroller and Auditor General.

20. The approved Programme of Work has been completed

with the exception of a number of subsidiary and

departmental.

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Page

GENERAL

3

departmental accounts.

11.

date of his Report no Statements of Transactions

relating to the Revenue Reward Fund and the

Probationer Nurses Rewards and Fines Fund for the

financial year 1948-49 had been received for

The Director of Audit states that at the

examination in accordance with the Secretary of

State's Telegram No. 1276 of the 12th December 1948,

and his Savingram No. 277 of the 10th March 1949.

Mullyin

Director General of Colonial Audit.

20th July 1950.

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