Police-1967-1968 — Page 74

Accumulated Fund as at 1st April, 1967

Add excess of income over

expenditure for the

year ended 31st March, 1968

Provision for grant to Hong Kong Police Sports Association towards the cost of building a new Club House Provision for extension of Pakistani Police Primary School Sundry Creditors

2,237.00

16,411.45

$726,857.22

LIABILITIES

$317,421.22

ASSETS

Loans to police officers

Loans to Police Co-operative Societies

$142,784.00

8,000.00

Sundry debtors

$ 51,590.78

Less Provision for Bad debts

517.90

40,787.55

51,072.88

Cash:

$358,208.77

On fixed deposit

$420,198.18

With Accountant General

In hand

99,707.16

5,095.00

350,000.00

525,000.34

$726,857.22

62

CERTIFICATE OF THE DIRECTOR OF AUDIT

E. C. EATES, Commissioner of Police. 30th July, 1968.

The attached Balance Sheet and the accompanying Statements of Income and Expenditure and Outstanding Loans have been examined in accordance with Regulation 11(2) of the Police (Welfare Fund) Regulations. 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 and Statements are correct.

D. C. BRITTON,

Director of Audit.

AUDIT DEPARTMENT, HONG KONG, 30th August, 1968.