HONG KONG
ANNUAL DEPARTMENTAL REPORT
BY THE
CUSTODIAN OF ENEMY PROPERTY
FOR THE
FINANCIAL YEAR 1958 - 59
PRINTED AND PUBLISHED BY W. F. C. JEnner, Government Printer
AT THE GOVERNMENT PRESS, JAVA ROAD, HONG KONG
EXCHANGE RATES
When dollars are quoted in this Report, they are, unless otherwise stated, Hong Kong dollars. The official rate for conversion to pound sterling is HK$16=£1 (HK$1=1s. 3d.). The official rate for conversion to U.S. dollars is HK$5.714=US$1 (based on £1=US$2.80).
ENEMY PROPERTY-Japanese
ASSETS AND LIABILITIES
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CONTENTS
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MANAGEMENT OF THE DEPARTMENT .
APPENDICES:
I. Japanese Leasehold Property Realization Account
II. Balance Sheet
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THIS report covers the accounts and activities of the department from 1st April, 1958 to 31st March, 1959.
ENEMY PROPERTY
JAPANESE LEASEHOLD PROPERTY
1. Control of this Property is vested in the Administrator of Japanese Property, but the arrangement whereby the Custodian exercises management continued.
Unless otherwise stated, all properties were occupied for the full year, on a rental basis as follows:
By the Army
25, Conduit Road;
39 and 41, Macdonnell Road;
3 and 4, Minden Row;
17, 19, 21 and 23, Conduit Road (vacated by the Army on 11th August,
1958).
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.
ASSETS AND LIABILITIES
2. The Balance Sheet as at 31st March, 1959 appears at Appendix II.
MANAGEMENT OF THE DEPARTMENT
3. Custodian fees collected during the year and paid to the General Revenue of the Colony amounted to $7,617.03. Expenditure during the year for salaries and allowances, etc. was provided for under the Treasury vote.
13th May, 1959.
H. WARDLE,
Acting Custodian of Enemy Property.
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APPENDIX I
CUSTODIAN OF ENEMY PROPERTY
JAPANESE LEASEHOLD PROPERTY — REALIZATION ACCOUNT
RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH, 1959
Rents of Properties
$190,425.87
Expenses in connexion with Properties
$ 20,809.75
Custodian fees
7,617.03
Balance due to Administrator of Japanese
Property
161,999.09
$190,425.87
$190,425.87
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APPENDIX II
CUSTODIAN OF ENEMY PROPERTY
BALANCE SHEET AS AT 31ST MARCH, 1959
LIABILITIES
ASSETS
ADMINISTRATOR OF JAPANESE PROPERTY :
CASH:
Balance at 1.4.58
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$114,107.11
At Bank...
$39,372.46
Add for 1958/59 as per Receipts
and Payments account
On Deposit with the Treasury
1,733.74
...
161,999.09
276,106.20
Less remittances to Administrator
of Japanese Property in 1958/59 235,000.00
$41,106.20
$41,106.20
$41,106.20
H. WARDLE,
Hong Kong, 13th May, 1959.
Acting 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 13th May, 1959. I have no further comments.
AUDIT DEPARTMENT,
Hong Kong, 30th May, 1959.
W. H. WILLIAMS, Acting Director of Audit.
HỒNG KONG
Code No.: 3028-59