TNAG-1203-FCO40-1505-Policy-on-visas-and-entry-certificates-in-Hong-Kong-1982 — Page 225

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VOLUME 8

ANNEX B

EXTRACTS FROM ANNEX TO 1966 COMMONWEALTH OFFICE CIRCULAR DESPATCH

(ANNEX 17)

ARRANGEMENTS FOR FINANCIAL CONTROL IN GRANT-AIDED DEPENDENT TERRITORIES

These requirements are to be regarded as an administrative arrangement between Her Majesty's Government and the Government of the territory, related to the provision of budgetary assistance. They will not in any way over-ride the financial provisions of the Constitution, or Colonial Regulations, which must also be strictly observed.

6.

(b) Capital budget only

The prior authority of Her Majesty's Government should be sought (and this would only be given in exceptional circumstances) for the transfer of revenue to the recurrent budget during the course of a

year.

7.

The prior authority of Her Majesty's Government will also be required for the write-off of:-

(a)

All abandoned claims (including payments of revenue except tax revenue due by particular individuals) above £200;

(b)

all losses of cash and stores except depreciation of stores due to normal unavoidable causes (whether involving a write-off in the accounts of the territory or not) above the following limits:-

(1)

Losses due to theft, fraud, arson, or to the gross negligence of an officer (in these cases every effort must be made to secure full recovery and prosecution or surcharging must be undertaken wherever appropriate):

Cash

£100

Stores

£200

(2)

Losses due to other causes:

£400

8. The prior approval of Her Majesty's Government will be required for borrowing, externally or internally, by the Government of the territory, or by statutory authorities where their borrowing is guaranteed by the Government or may impose a contingent liability on the Government.

9.

Expenditure of Colonial Development and Welfare Funds will be covered by the provisions of Miscellaneous 522. In considering supplementary expenditure during the course of the year the Government of the territory will be required to observe the normal division between development expenditure chargeable to Colonial Development and Welfare Funds and non-development expenditure chargeable to the budget.

The annual Abstract Account and associated documents should continue to be transmitted to the Secretary of State in accordance with Colonial Regulation No 285. It will be necessary to forward four signed audited copies of the Abstract Account, Statement of Assets and Liabilities, and Statement of Losses and Claims Abandoned.

October 1978

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