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I have examined the above Accounts IV. to IX. (A to H) in accordance with the provisions of the Exchequer and Audit Departments Act, 1921. I have obtained all the information and explanations that I have required and I certify, as the result of my audit, that in my opinion the above Accounts are correct, subject to the observations in my Report.

Malcolm G. Ramsay, Comptroller and Auditor General.

Exchequer and Audit Department.

15th February 1923.

REPORT OF THE COMPTROLLER AND AUDITOR GENERAL ON THE ACCOUNTS REFERRED TO IN HIS

CERTIFICATE.

1. The figures in Accounts IV. Postal Services, V. Telegraph. Services, and VI. Telephone Services, are in large measure based on those recorded in the Revenue, Appropriation, and Telephone Capital Accounts of the Post Office.

Apportionment of Common Service Expenditure. Appendix I. to the Appropriation Account, 1921–22, shows that of the total gross expenditure of £67,000,000, about £47,000,000 have been distributed between the three services in accordance with the recommendations of the Inter-Departmental Committee on Common Service Expenditure.

I have no reason to doubt the approximate accuracy of the distribution.

Allocation of Engineering Expenditure between Renewals

and Plant Assets.

In paragraph 15 of my Report on the Revenue Departments, Appropriation Accounts, 1921–22, I mentioned that there was some uncertainty regarding the accuracy of the basis on which engineering expenditure is allocated between Vote and Capital.

The entries in Telephone Account VI. C. in respect of the cost of renewals, and in Account VI. D. in respect of additions to plant, are mainly dependent on that allocation. It follows, therefore, that there is a corresponding uncertainty regarding the accuracy of these Accounts.

Engineering Supervision. 2. As stated in the Explanatory Memorandum on the Accounts (page 11) the expenditure on supervision in respect of Telegraph and Telephone Construction and Renewals has this year been charged against Plant and Depreciation respectively, instead of against Maintenance as hitherto.

The net effect of the change on the Accounts is to relieve Telegraph and Telephone Revenue Accounts (Accounts V. A. and VI. A.) of charges approximating to £40,000 and £950,000 respectively.

Malcolm G. Ramsay.

Comptroller and Auditor General. Exchequer and Audit Department.

15th February 1923.

Printed under the authority of His MAJESTY'S STATIONERY OFFICE
By Eyre and Spottiswoode, Ltd., East Harding Street, E.C. 4,

Printers to the King's most Excellent Majesty.
19279

ni

ACCOUNT, 1921–22.

ACCOUNT showing the MONEY ISSUED out of the CONSOLIDATED

FUND; the MONEY borrowed and the SECURITIES created in respect thereof; and the EXPENDITURE under the Post OFFICE (LONDON) RAILWAY ACT, 1913 (3 & 4 GEO. 5. c. 116), for the period ended 31 March, 1922 (in continuation of Parliamentary Paper No. 13 of Session 1922).

General Post Office, London,

30. January, 1923.

NEVILLE CHAMBERLAIN.

(Presented pursuant to Act 3 & 4 Geo. 5, Ch. CXVI., 8. 14 (3).)

Ordered, by The House of Commons, to be Printed,

13 February 1923.

LONDON:
PUBLISHED BY HIS MAJESTY'S STATIONERY OFFICE.

To be purchased through any Bookseller or directly from

H.M. STATIONERY OFFICE at the following addresses : IMPERIAL HOUSE, KINGSWAY, LONDON, W.C. 2, and 28, ABINGDON STREET, LONDON, S.W.1; 37, PÉTER STREET, MANCHESTER; 1, ST. ANDREW'S CRESCENT, CARDIFF;

or 23, FORTH STREET, EDINBURGH.

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