The Alaska daily empire., 1923-02-23
IS MADE
 TO AUDIT BOARD
 BY ACCOUNTANTS
l Territorial Financial Records in Splendid Shape Says
 4 Audit Report.


 tory of Alaska are in splendid condi- tion. according to the official report of Eli Moorhouse < Co. which has just been received by the Territorial Board of Audit with statistics cover ing the recent audit Of the Treasur- CTS office, and made public by Gov. Seett C. Bone. chairman Of the Board The report praises the systematic and efficient management of Treas urer w. c. Smith and declares: We have conducted q most. exhaustive in- vestisation of all phases Of the duties of the Territorial Treasurer, and we are pleased to state tiat, in our opinion, his records are correct"
 The audit covers a period of six and one-half years. beginning June 30. 1916. and ending December S1, 1922. It shows total of receipts during that period of S3,711. ,59S 23, which combined with the cash on hand at the beginning Of the period covered aggregated $3,914a 146.71 Disbursements during tho period to- tailed $3,740,, ,146.06. leaving cash balance on hand IS of December 31. 1922, of $174, ,000.7i.
 Funds Are Safeeuarded
 The report follows in part:
 "The cash balances Of $l74.00071 have been verified by us as at Deeem- Der 31. 1922, through correspondence and telegraphic communication with the respective banks. The depository security placed in escrew by the banks as q protection for the Terri torial funds has also been verified by us as at that date through exam ination of original agreements and correspondence with the escreW hold CTS of the bonds and the owners thereof. We have shown in Exhibit Al the amount of security thus pledged, and have noted thereon that the Trust department of the Dexter Horton National Bank of Seattle is holding its own collateral security. So far as we could ascertain the Ter rftorial finds have been always amply safeguarded in this respect"
 Checks Many Warrants
 The audit included a check of all he warrants issued during the period covered, numbering some 10000. Out standing warrants amounting to s44,34434 were also checked care fully. Cases arise, said the report where it is impossible to deliver the warrant to the payee and ill this con nection it is recommended: 'where il $ impossible to locate the payees
 might be advisable with these as we'll as some of the other long out standing warrants, to deposit them in the bank making the funds thus ere ated available for other dispostion'
 Notice is also made of the Treas urers practice of holding without de- posit of checks and cash covering fu- ture payments. Funds received in 1922, dit said, that directly affected 1923 transactions were not deposited until the latter year to prevent con fusion of the records. The report continues: Tn this connection we might mention that some of these 1923 tax remittances were received one and two months before the new year and not recorded for that length of time. The Territory would have no recourse should any of these early remitters become bankrupt in the meantime and, on account Of this and other possible occurrences, we would strongly recommend that here after such funds should always be promptly depOsited intact in a spe- cial Treasurer's bank account and en- tered in a special column in the cash book. to be he'd in suspense until the new year"
 The receipts fen the period of audit