HON
ANNUAL
DEPARTMENTAL
REPORTS
KONG
1960-61
PRICE: $ 1.00
CUSTODIAN OF
ENEMY PROPERTY
HONG KONG
ANNUAL DEPARTMENTAL REPORT
BY THE
CUSTODIAN OF ENEMY PROPERTY
FOR THE
FINANCIAL YEAR 1960 - 61
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 .
CONTENTS
Paragraphs
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2
3
ASSETS AND LIABILITIES
MANAGEMENT OF THE DEPARTMENT
APPENDICES.
I. Japanese Leasehold Property Receipts and Payments Account
II. Balance Sheet
iii
THIS report covers the accounts and activities of the department from 1st April, 1960 to 31st March, 1961.
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 manage- ment continued.
The only remaining property is No. 3-4 Minden Row, which is still occupied by the Army at a rental of $2,500.00 per month.
A Statement of Receipts and Payments for the year is attached as Appendix I.
ASSETS AND LIABILITIES
2. The Balance Sheet as at 31st March, 1961 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 $1,200.00. Expenditure during the year for salaries and allowances, etc. was provided for under the Treasury vote.
H. HEYS,
Custodian of Enemy Property.
14th April, 1961.
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Rents of Property
APPENDIX I
CUSTODIAN OF ENEMY PROPERTY
JAPANESE LEASEHOLD PROPERTY
RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH, 1961
$30,000.00
Expenses in connexion with Properties
Custodian Fees charged on rents...
Balance due to Administrator of Japanese
Property.
$ 2,728.15
1,200.00
26,071.85
$30,000.00
$30,000.00
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APPENDIX II
CUSTODIAN OF ENEMY PROPERTY
BALANCE SHEET AS AT 31ST MARCH, 1961
LIABILITIES
ADMINISTRATOR OF JAPANESE PROPERTY:
CASH :
Balance at 1.4.60
$ 3,536.19
At Bank...
Add for 1960-61 as per Receipts
and Payments account
26,071.85
29,608.04
Less remittances to Adminis-
trator of Japanese Property in 1960-61
25,000.00
4,608.04
$4,608.04
ASSETS
$4,608.04
Hong Kong, 14th April, 1961.
H. HEYS, Custodian of Enemy Property.
The above Balance Sheet and the attached Japanese Leasehold Property Receipts and Payments Account have 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 explanations that I have required, and I certify, as a result of this audit, that in my opinion they are correct.
AUDIT DEPARTMENT,
Hong Kong, 27th April, 1961.
W. J. D. COOPER,
Director of Audit.
$4.608.04
P
OL SUN
Code No.: 0340161
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