Kone
HONG KONG
ANNUAL
DEPARTMENTAL
REPORTS
1957-58
PRICE: $1
CUSTODIAN OF PROPERTY
AND CUSTODIAN OF
ENEMY PROPERTY
HONG KONG
ANNUAL DEPARTMENTAL REPORT
BY THE
CUSTODIAN OF PROPERTY
AND
CUSTODIAN OF ENEMY PROPERTY
FOR THE
FINANCIAL YEAR 1957 - 58
PRINTED AND PUBLISHED BY W. F. C. Jenner. Government PrinTER
AT THE GOVERNMENT PRESS. JAVA ROAD, HONG KONG
CONTENTS
TERMINATION OF FUNCTIONS OF CUSTODIAN OF PROPERTY
ENEMY PROPERTY
(a) Japanese
(b) German
ASSETS AND LIABILITIES
MANAGEMENT OF THE Department
STAFF
APPENDICES:
I. Japanese Leasehold Property Realization Account
II. Balance Sheet
Paragraphs
1
2
3
4
5
THIS report covers the accounts and activities of the department from 1st April, 1957 to 31st March, 1958.
TERMINATION OF FUNCTIONS OF
CUSTODIAN OF PROPERTY
1. The following assets reverted to the Crown upon the enactment of the Custodian of Property (Termination of Functions) Ordinance in May, 1957:
(a) Abandoned Leasehold Property
Leasehold property N.K.I.L. 1759 and building thereon (No. 149, Fuk Wah Street, Kowloon).
(b) Liquid Assets
Trust Funds
(c) Outstanding Claims
$13,049,258.56
Claims against the Services and Government Departments on account of goods and services requisitioned from the Custodian during the early post liberation period:
Government Departments
The Services
...
$2,751,901.17
2,792,398.09
$5,544,299.26
ENEMY PROPERTY
Leasehold Property
(a) JAPANESE
2. Control is vested in the Administrator of Japanese Property, but the arrangement whereby the Custodian exercises management continued.
All properties were occupied on a rental basis as follows:
By the Army
17, 19, 21, 23 and 25, Conduit Road;
>
39 and 41, Macdonnell Road, and
3 and 4, Minden Row;
By the Royal Navy
1, 3 and 3A, Magazine Gap Road.
By Civilians
27, Conduit Road.
Receipts and payments in respect to these are detailed at Appendix I.
1
Assets
(b) GERMAN
In accordance with the Distribution of German Enemy Property Regulations, 1957 the following German assets were handed over to the Accountant General on 12th October, 1957:
Cash Balance
Unrealized assets:
(i) 980 shares in Helm Brothers, Ltd.
(ii)
$1,027,654.12
6 cheques drawn on Hamburg in August, 1939 totalling Reichmarks 4,835.57.
ASSETS AND LIABILITIES
3. The Balance Sheet as at 31st March, 1958 appears at Appendix II.
MANAGEMENT OF THE DEPARTMENT
4. The revenue and expenditure of the department for the year were as follows:
Revenue:
Custodian's fees
Expenditure:
Staff salaries and allowances
Other charges
STAFF
$22,324.53
$29,734.30
4,302.00 34,036.30
5. Mr. J. A. Tibble, Assistant Custodian of Enemy Property, departed on leave on 4th January, 1958, at the completion of his Agreement.
Mr. E. J. Thompson relinquished his appointment as Custodian of Property with effect from May 9th, 1957 on the enactment of the Custodian of Property (Termination of Functions) Ordinance, 1957.
2nd June, 1958.
E. J. THOMPSON, Custodian of Property and Custodian of Enemy Property.
2
دیا
3
APPENDIX I
CUSTODIAN OF ENEMY PROPERTY
JAPANESE LEASEHOLD PROPERTY REALIZATION ACCOUNT
RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH, 1958
Balance as at 31st March, 1957
Rents of Properties
$128,713.26
Expenses in connexion with Properties
---
$ 28,417.35
213,811.20
Remittances to Administrator of
Japanese Property
200,000.00
Balances as at 31st March, 1958:
Unrealized Properties Rental
Account Credit Balance
Less amounts
handed over to
Administrator
of Japanese Property to 31.3.57
in 1957/58
$368,250.63
$682,357.74
200,000.00 568,250.63 114,107.11
$342,524.46
$342,524.46
4
APPENDIX II
CUSTODIAN OF ENEMY PROPERTY
BALANCE SHEET AS AT 31ST MARCH, 1958
LIABILITIES
ADMINISTRATOR OF JAPANESE PROPERTY
Leasehold Property Rental
Account
...
Less Remittances and Rents
handed over to Administrator of Japanese Property
$682,357.74
568,250.63
114,107.11
$114,107.11
ASSETS
$108,243.91
CASH AT BANK -- TRUST FUNDS...
TREASURY
Deposits-Surplus Funds
5,863.20
$114,107.11
Hong Kong, 2nd June, 1958.
E. J. THOMPSON, Custodian of Property and Custodian of Enemy Property.
The above Balance Sheet has been examined in accordance with paragraph 10 of the Secretary of State's Circular Despatch (2) of 18th January, 1940. I have received all the information and explana- tions that I have required, and I certify, as a result of this audit, that in my opinion the Balance Sheet is correct.
2. Explanatory notes on the transactions for the year and on the principal items in the Balance Sheet will be found in the Custodian's Annual Report dated 2nd June, 1958. I have no further comments.
AUDIT DEPARTMENT,
Hong Kong, 11th June, 1958.
W. H. WILLIAMS, Acting Director of Audit.