Police-1959-1960 — Page 70

POLICE WELFARE FUND

BALANCE SHEET AS AT 31ST MARCH, 1960

APPENDIX V-Contd.

ASSETS

Accumulated funds as at 1.4.59

$214,389.04

Outstanding loans as at

31.3.60

$ 58,533.50

Add excess receipts over payments during year 1959/60

167,182.96

Cash:

On fixed deposit with the Hongkong & Shanghai Banking Corporation

$117,625.00

Held in general balance of Accountant General

205,413.50

323,038.50

58

LIABILITIES

NOTE:

$381,572.00

$381,572.00

At the 31st March, 1960 Sundry Debtors amounted to $15,030.50 and Sundry Creditors amounted to $14,592.22.

H. W. E. HEATH, Commissioner of Police. 29th June, 1960.

The above Balance Sheet, together with the supporting Statement of receipts and payments has been examined in accordance with Rule 12 of the Police (Welfare Fund) Regulations, 1953. I have obtained all the information and explanations that I have required, and I certify, as a result of this audit, that in my opinion the Balance Sheet is correct.

AUDIT DEPARTMENT,

Hong Kong, 4th July, 1960.

W. J. D. COOPER,

Director of Audit.

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