Notes.-(1) No interest has been charged on the value of the estate as gifted. If the cost, viz., £6,000, had been borne out of Exchequer funds, the additional (3) This estate is financed by means of advances from the Agriculture (Scotland) Fund, repayable with interest at 5 per cent. per annum. for Land Settlement) Act, 1916. (4) The charges for administrative expenses and interest are directly chargeable against estate revenues under the provisions of the Sailors and Soldiers (Gifts Robert Greig, Accounting Officer. 15 February 1927. I have examined the above Account and Balance Sheet in accordance with the provisions of the Exchequer and Audit Departinents Act, 1921. I have obtained Malcolm G. Ramsay, Notes.-(1) Valuations are on the basis of market prices. (2) The charge for administrative expenses is an estimated figure. (3) The charge for insurance represents an estimated premium to cover losses by fire, and Workmen's Compensation. (4) The charge for interest has been calculated at Local Loans rate for capital expenditure, and at Bank rate for working expenses in accordance with Treasury instructions. BOARD OF AGRICULTURE FOR SCOTLAND. EAST CRAIGS PLANT REGISTRATION AND SEED TESTING STATION. ESTATE BALANCE SHEET, 31 MARCH 1926. Per etc., to tinmas 1924 34 13 2 Amount written off at 31 March 1926 ... 1,700 19 7 6.31 Sundry debtors (Rent receivable) Loss brought down Add Loss brought forward Martinmas 1924 £26,967 3 7 100.0 £26,967 3 7 100.00 Notes.-(1) Interest on Exchequer advances for capital expenditure and working expenses has been calculated at Local Loans rate and Bank rate respectively in accordance with Treasury instructions. (2) The charge for insurance represents an estimated premium to cover loss of buildings by fire, 15 January 1927. Robert Greig. Accounting Officer. I have examined the above Accounts and Balance Sheets 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 these Accounts and Balance Sheets are properly drawn up so as to exhibit a true and correct view of the transactions and state of affairs of the undertaking. Malcolm G. Ramsay, For Report of the Comptroller and Auditor General see page vi. Comptroller and Auditor General. |