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 38

LOWE, BINGHAM & MATTHEWS, HONG KONG

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ACCOMMODATION AND CATERING

OIL (Fuel)

DISTRIBUTION CENTRE (Army Rations)

The undernoted were the balances as on 31st

March, 1949, of the Treasury Suspense Accounts operated

by these Sections and they were disposed of as stated

during the year 1949/50 :-

ACCOMMODATION

Cr. $221,502.24

CATERING

Dr.

52.600.36

Net

Cr. $168,901.88

Since it was considered that the net credit

balance of $168,901.88 represented a surplus resulting

from the administration of accommodation and messing of

privileged personnel, it was decided to transfer this amount to the credit of Budget Miscellaneous Revenue in

1949/50. No further information was available.

OIL (Fuel)

Cr. $148,838.93

The only known outstanding against this account

was a charge of $134,547.28 by the Custodian of Property

in respect of Oil requisitioned and sold but not paid for. The requisite payment voucher was submitted to the Trea- sury for the payment of this amount to the Custodian of Property but the Deputy Financial Secretary countermanded

the payment voucher and instructed that the money be held

in a Treasury deposit account on the ground that Govern-

ment is not paying the Custodian for any unclaimed goods retained by them, pending a settlement with H.M. Govern- ment as to the liquidation of the Custodian's Accounts.

The ultimate balance of $14,291.65 on this Oil

(Fuel) Suspense Account was regarded as a surplus on admin-

istration and was transferred to the credit of Budget Mis-

cellaneous Revenue in 1949/50.

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