Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698075049582.pdf (Guyana)
BBPOR!

OP TBS DDl9T01l Of AUDIT OJ DB ACCOUftl 9l m HI'l'ODLL 'fllUST 1IVBD FOR TBB DAR BlOZD 318!

DBCBMBBR 1 1962 AUDI!'

DIPiltiJII!'

, aollCIB!GVll, BRI!I111 CJUUD.

26D JUD, 19'4.

.. / , /0 ,.


REPORT OF THE DIRECTOR OF THE OF AUDIT ON THE ACCOUNTS 11...ITCHELL TRUST FUND FOR THE YEAR ENDED 31ST DECEMBER, 1962 I The books and accounts of the Trust Fund for the year ended 31st December, under my direction with Section 5(2) of the Mitchell Trust in Mitchell 1962, have been examined accordance Ordinance, Chapter 53 1953. of the Laws of British Guiana, Appreciation of Investments -$11482.62 2.
The appreciation of Investments at the middle market value at 31st December, $1,482.62, as shown at paragraph 3 of the Trustees' Report, has been under-stated by 2.04.

As a result the balance of the Fund at 31st 1962, $41,486.01, as shown in the Report, has also been under-stated December, by t2.04_ 1962, Appendix III - Statement of Investment s - $38,068.58 3.
As a result of the comment at paragraph 2, above, the ledger value of Investments, the Accountant General and adjusted price at 31st December, 1962, has been under-stated by $2.04.

held by to market If � ·4.

Director of udit AUDIT DEPARTMENT, GEORGETOWN, BRITISH GUIANA.

26TH JUNE, 1964.

.. , .

... ..

AUDIT CERTIFICATE Statements with Section 5(2) of the have been The attached examined in accordance Trust Ordinance, Chapter 53 of the �dtchell Laws of British Guiana, 1953.
I have obtained all the information required, and I certify, as audit, that i� my opinion the Statements correct, in my Report dated the 26th of June, 1964.

I have and explanations a result of this subject to the observations contained are /.If/.

)� of Auai.

t Director AUDIT DEPARTMENT GEORGETOWN, BRITISH GUIANA.

, 26TH JUNE, 1964.

( I' .. Tt.V1 ,i.JQ\le • 42/53/3 III.


� .. l,i!fllSlatm·r, I'11l1/ic Building.,, British Guirma, ....... .IJ..l:.� .•......... J!J.64 .• REPORT OF THE MITCHELL FUND TRUSTID:S FCR THE YEAR ENDED 31ST D�CEMBER, 1962.

Sir, In accordance Trust Ordinance, Chapter present the following Mi tche 11 Trust Fund for the yea.r 1962 • with the provJ.Sions 53, the Mitchell of section 5 of the Mitchell Fund Trustees have the honour to Report of the Aocounts and Administration of the 2.
At the lat January, 1962, the benefioiaries under the Trust werea• Name G01»ES, Gloria Paj;rioia SQUiltES, lo:ITaine Elizabeth BURGESS, Camille SAMPAT, lihrtin De NOBREGA, CROKER, Ja.J:l0S Alexander Michael Jolm Barbara Da.

te of Birth a9.

12.

47 8.

4.

48 8.

6.

49 14.

3.

50 4.

10.

47 7.

11.

51 the year from the Child Welfare reports on Officer.

Satisfactory the beneficiaries were received during of the Fund 3.
Accounts (a) The amount at credit of the Fund at lat January, 1962, was i30,700,82 (b) Receipts and Interest accrued on investments the year 1962 amounted to brought to aocount during (c) Appreoia.tion of Investments at the middle market value at 31st December, 1962 � 1,4a2.62 �42,593.01 (a)Payments made during 1962 Balance at 31st December, 1962 i 1,107.00 f41,486.0l 4• At the close of the year the investamts held on behalf of the Fund by the accountant General at the middle market value totalled i38,068.58 while the oash balance in hand to meet current expenses was $3,417.43.
of the Fund for the year 5.

The following statements on the Accounts are appended:- (i) (ii) (iii) Detailed Statement �tatement of Payments .ca.de.

of Investments Stateoent the Fund.

of the Income of General held by the accountant at 31st December, 1962.

(iv) Statement of Revenue and Expenditure during 1962.

His ibnour the Speaker.

.. ... f' 2, 6.


Trustees The Trustees of the Fund during t he year were a• (i)Senator the Honourable c.v. Nunes , Minister of �ducation and Social Developnent - Cbairraan, {ii) Mr. John Carter• Q.c., M,L.A, (iii)Mr, Harry Lall, M.L,A, -.Members.

We have the honour to be, Sir, Your obedient servantv Cbairraan.

(/(John Carter) - 1'&3raber (Harry Lall) Member.

(E.v.

v1a'.

:e) Secretary.

.. /0 '/ � ..

APP.b.

:NDIX Io Eb'TATE • WALTilt MrTCHELL ( DECEASED).


Statement showing the Income ir.

detail of the Fund during 19620 1962 - Intere�t on British Guiana Bonds -'45.00 Intereut on investments held by the Crown Agents: January - $326.60 February .March April Mizy June July August September - October November 834016 326.60 December 834016 2,321.52 Interest on deposit of the Post Office Savings Bank 43°05 ,409.57 .. ... ,>, ,.

APPENDIX II.

STa'r.r.!

- f. LTER MITCfiELL ( li.


:.OBASED) STATillOOfr OF PAY ,�NTS, 19620 Pa.yments to Beneficiaries 1962 -January -December Allowance to Secretary 1962 -January -December 72.00 $1,107000 ..

APPENDIX IIIo ESTATE - /ALTER 1UTCHELL ( DBC�AS!

::D) • Statement of Investments on 31st December, 1962, General on behalf of the Fund.
held by the Accountant Descnption of Stock Face Value prior to I.edger Valuo adjustment s ¢ Ledger Value adjusted to �ket Price ¢ Lo s. d of 1916) -Wo Bonds British Guiana (Ordo No.

6 Ord.

No.

Guiana British J - o Bonds of 1916) 83.6.

8 400.00 400.00 1040 3.

4 500.00 500.00 British Guiana Demerara Railway Perca.nent Annuities 237• llo 5 13,684.08 13,684008 .itish Guiana Demerara Railway Perpetual 4�� Stock Iaayor and Toffll Council New Amsterdam 4� Bonds 2,750. o.

0 6,270.00 6,666.oo 208.

6.


8 1,000.00 1,000 .00 1916 or South Australia after - 3% Stock 4 6.2.

1 10 7,919.

10.

2 31,107.73 32,590.35 Post Office Sa.vings Bank 1,1410 5o 11-� 5,478.23 9,060.

16. l½ 36,585.96 5,478°23 38,068.58 .. APl1.C:NDIX IV o ESTATB - W.ilTill MITC.dELL (�CEAS.

::J)) Receipts and Expenditure of the Fund 1962. for the year 3y Balance at credit of the Fund at lat January, 1962 By Receipts To Payments to Beneficiaries and to Secretary To Appreciation at th:!
of Investments middle market value at 31st December, 1962 To Balance at credit of the :bund at 31st December, 1962: (a)Investments held by the \ccountant General 38,068.58 (b)Cash held by the Accountant General a � 3,417.43 Dr. Cr.

$1,107.00 38,700082 2,409057 1,482.62 41,486.01 $42,593001 �42 ,593.01 ( (John Carter) Member.

(Harry Lall) Member.

..