CO129-629-4 Commerce and Industry Department- supplies branch. Includes a statement of accounts for May 1946-March 1950-... 1-11-1951 - 31-1-1952 — Page 24

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LOWE. BINGHAM & MATTHEWS, HONG KONG

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We have been informed by departmental officials

that no more claims and adjustments in respect of years

prior to 31st March, 1950, are anticipated.

The operating surplus for the year was

$21,672,122,26 against which has been set off an adjust-

ment of $1,654.82 (net) in respect of years prior to

31st March, 1950, leaving a balance available for appro-

priation of $21,670,467.444.

GENERAL COMMENTS

During the first six months of the year under

review the greater part of the entries in the Japan

Trade Section journal and general ledger were of neces-

sity completed by our staff. Apart from this fact, and

our comments above, we wish to state that the books of

account for the year ended 31st March, 1951, have been

satisfactorily maintained and we wish to express our

appreciation of the courtesies and facilities extended

to our staff during the course of our examination.

Subject to the foregoing observations, we have

to report that, in our opinion, the attached Balance

Sheet properly exhibits the state of affairs of the

Supplies Branch as at 31st March, 1951, and the related

Accounts properly disclose, in summarised form, the re-

sults of the transactions of the Branch for the year

ended that date, according to the best of our informa-

tion and the explanations given us and as shown by the

books of the Branch.

We have the honour to be,

Sir,

Your obedient servants,

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