• TABLE OF CONTENTS
HIDE
 Main
 Supplement to Gazette: The Financial...
 Supplement to Gazette: The Report...














Title: Saint Vincent government gazette
ALL VOLUMES CITATION THUMBNAILS PAGE IMAGE ZOOMABLE
Full Citation
STANDARD VIEW MARC VIEW
Permanent Link: http://ufdc.ufl.edu/UF00077473/00329
 Material Information
Title: Saint Vincent government gazette
Alternate Title: Government gazette
St. Vincent government gazette
Physical Description: v. : ; 35 cm.
Language: English
Creator: Saint Vincent
Publisher: G.P.O.
Place of Publication: Kingstown, St. Vincent
Kingstown St. Vincent
Publication Date: September 3, 1957
Frequency: weekly
regular
 Subjects
Subject: Gazettes -- Periodicals -- Saint Vincent   ( lcsh )
Genre: federal government publication   ( marcgt )
legislation   ( marcgt )
periodical   ( marcgt )
Spatial Coverage: Saint Vincent and the Grenadines -- Saint Vincent
 Notes
Dates or Sequential Designation: v. 1, no. 1 (1868)-v. 112, no. 48 (Tues., 23 Oct. 1979)
General Note: Description based on: Vol. 111, no. 1 (Tues., 3 Jan. 1978); title from caption.
General Note: Supplements which accompany some numbers contain extraordinary issues, ordinances, statutory rules of order, etc.
 Record Information
Bibliographic ID: UF00077473
Volume ID: VID00329
Source Institution: University of Florida
Holding Location: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: oclc - 19844741
lccn - sn 89018505
 Related Items
Succeeded by: Government gazette

Table of Contents
    Main
        Page 337
        Page 338
        Page 339
        Page 340
        Page 341
        Page 342
        Page 343
    Supplement to Gazette: The Financial Accounts of the Colony for the Month of January, 1957
        Page A-1
        Page A-2
        Page A-3
        Page A-4
    Supplement to Gazette: The Report of the Director of Audit of Trinidad and Tobago on the Accounts of the Board of the Commissioners of Currency, British Caribbean Territories (Eastern Group), for the year ended 31st December, 1956
        Page B-1
        Page B-2
        Page B-3
        Page B-4
        Page B-5
        Page B-6
        Page B-7
        Page B-8
        Page B-9
        Page B-10
        Page B-11
        Page B-12
Full Text









37


SAINT VINCENT


GOVERNMENT


GAZETTE


~3nbIi~hed h~ ~uthGrit~.


VOL. 90.] SAINT VINCENT, TUESDAY, 3 SEPTEMBER. 1957. [No. 44.


GOVERNMENT NOTICES.


No. 321.
HURRICANE 1.OTICE.

It Is hereby notified for general information that In the event of a hurricane
threatening or approaching the Island, the following warnings will be given:-


CAUTIONARY
(1) A red flag with a black
rectangular centre will be
flown on Police Head-
quarters.

(2) Loud Speaker and Radio
Announcements.
(3) Three saluting guns will
be fired.

(1) A red flag with a black
rectangular centre will be
flown from Police Sta-
tions.
(2) Loud Speaker and Radio
Announcements.


TAKE COVER
(1) Two red flags with black
rectangular centres one
above the other will be
* flown on Police Head-
quarters.
(2) Church Bells will ring
for 5 minutes.
(3) Cotton Ginnery whistle
will blow for 5 minutes.
(4) The Siren will blow for 5
minutes.
(1) Two red flags with black
rectangular centres will
be flown from Police Sta-
tions.
(2) Church Bells will ring
for 5 minutes.


16th July, 1957.
(W. 25/1949.)


No. 416.
FOURTH MEETING OF THE STAND-
ING FEDERATION COMMITTEE.
The Fourth Meeting of the Standing
Federation Committee will commence in
Trinidad on the 1st October. Information
on the Agenda for the Meeting will soon
be published.
3rd September, 1957.
(C. 12/1956 II.)


No. 417.
CONFERENCE OF CLERKS OF UNIT
LEGISLATURES.
The above mentioned Conference will
be held at Port of Spain, Trinidad from
Monday, 30th September under the
Chairmanship of Sir EDWARD FELLOWwS,
K.C.B., C.M.G., M.C., Clerk of the House
of Commons, with Mr. D. W. S. LMDDERDALU,
Fourth Clerk at the Table of the House


KINGSTOWN


RURAL AREAb


x
fr.7?a?9S-
















SAINT V\IICL.',T, TUESDAY, 3 SE;Pi MBEM, 1il57.-(No. 44).


of Commons, in attendance. Mr. J. J.
BROWNE of the Trinidad Education De-
partment will be the liaison officer.
2. Draft Standing Orders have been
circulated by Sir EDWARD to delegates to
the Conference who are as follows:
Barbados: Mr. H. 0. S'r.C. CUMBERB'TCH,
Clerk of House of Assembly.
Grenada: (i) Mr. R. A. DANIEL, Clerk
of Executive Council and of the
Legislative Council.
(ii) Mr. H. H. WILLIAMS, member
of the Administrative Service.
Jamaica: Mr. CLINTON HART, Clerk of
the Legislature.
Leeward Islands: Mr. F. A. CLARKE,
Clerk of the Council, Antigua.
St. Lucia: Miss J. DARCHEVILLE, Clerk
of the Council.
St. Vincent: Mr. G. L. FRASER, Clerk of
the Legislative Council.
Trinidad: (i) Mr. G. E. L. LAFOREST,
Clerk of the Legislative Council.
(ii) The Assistant Clerk of the
Legislative Council.
3rd September, 1957.

No. 418.
VISIT OF PROFESSOR LEWIS TO
BARBADCS.

Professor ARTHUR LEWIS will be arriv-
ing in Barbados on Thursday, 5th Sep-
tember, and will remain until Sunday,
8th September.
His visit is the outcome of the decision
of the first Meeting of the Regional
Council of Ministers held in Tobago last
May. It was there agreed that Professor
LEWIS should be invited during his visit
to the Caribbean this summer to advise
and assist in the preparations for the
economic survey and formulation of ap-
proach to economic planning in the
area.
Among early commitments of the Pre-
Federal Organisation is the establish-
ment of the Economic Planning Unit,
and Professor Lewis will be asked to
advise on the organisation and operation
of the Unit.
3rd September, 1957.

No. 419.
APPOINTMENT.

His Honour the Administrator has been
pleased to appoint Mr. DAVID P. GIBSON,
as Senior Propagator Attendant, Walli-
labou, in the Department of Agricul-
ture, with effect from 1st January, 1957.
3rd September, 1957.
(P.F. 703.)

No. 420.
RESIGNATION.

Mrs. AGNES CATO, Senior Clerk, Govern-
ment Office, with effect from 29th
August, 1957.
3rd September, 1957.
(P.F. 196.)


No. 421.
CADET


CORPS, ST. VINCENT GRAM-
MAR SCHOOL.

RESIGNATION.


With reference to Government Notice
No. 521 of 14th October, 1952, Mr. E. L.
MOORE, Assistant Master, St. Vincent
Grammar School, as Officer Command-
ing the St. Vincent Grammar School
Cadet Corps with effect from 27th
August, 1957.
3rd September, 1957.
(E. 806/1935.)

No. 422.
APPOINTMENTS.

Mr. T. W. C. WORRELL, Assistant Master,
St. Vincent Grammar School, as Officer
Commanding the St. Vincent Grammar
School Cadet Corps with the rank of
2nd Lieutenant, with effect from 27th
August, 1957.
3rd September, 1957.
(E. 806/1935.)

No. 423.
CADET COMMITTEE.

With reference to Government Notice
No. 346 of 2nd August, 1955, Mr. G. C.
MILLAR, B.A., Headmaster, St. Vincent
Grammar School, as a member of the
St. Vincent Grammar School Cadet
Committee vice Capt. N. H. GONSALVES
who has left the Colony.
3rd September, 1957.

No. 424.
RESUMPTION.

EXECUTIVE COUNCIL.

With reference to Gazette Notice
No. 265 of 4th June, 1957, the Honourable
E. A. C. HUGHES, Nominated Member of
the Executive and Legislative Councils
of St. Vincent, returned to the Colony
on the 2nd September, 1957.
Consequently the Honourable A. C.
CYRUS has ceased to be a temporary
Nominated Member of the Executive
Council of St. Vincent with effect from
that date.
3rd September, 1957.
(Conf. 36/1951.)


No. 412.
VACANT POSTS.

ASSISTANT STAFF SURVEYOR, LANDS AND
SURVEY DEPARTMENT, ST. LUCIA.

Applications are invited from suitably
qualified persons for appointment to the
vacant post of Assistant Staff Surveyor,
Lands and Survey Department, St. Lucia.















SAINT V1N(.;iNT, i.'U2sDAY. 3 TSEPl'EMB.l.R, i )57.-(NNo. 44,. .>39


Appointment: The post, which is Appointment: The post, which is
permanent and pensionable, carries a 'non-pensionable, carries salary in the
salary scale of $1,992 x $120-$2,592 per scale $1,488 x $72-$1,920 per annum to-
annum, together with a pensionable pay gether with a pay addition of 20%. The
addition of 20 per cent. The point of point of entry into the scale will be
entry into the scale will be determined determined according to the candidate's
according to the candidate's qualifica- qualifications and experience.
tions and experience. Qualifications: Candidates must possess
Qualifications: The applicant should a Cambridge School Certificate or higher
be a qualified Land Surveyor having qualification. Knowledge of the ele-
passed an examination required by the ments of bookkeeping and accountancy
Law in force in any place in Her and experience of the routine of a Land
Majesty's Dominions to qualify him to Office would enhance the candidate's
practice as a Land Surveyor in that claims to favourable consideration.
place. The post requires active respon- Duties: The duties will mainly consist
sible persons capable of acting on their of general supervision of the Crown
own. i Lands Rangers throughout the island,
Duties: The successful applicant will settlement of disputes which may arise
be expected to undertake cadastral sur- in relation to the occupation of Crown
veys, surveys covering the demarcation Lands and the preparation of the rele-
of Crown Lands, the lay out of housing vant statements of accounts, making
schemes etc., general engineering and out applications for purchase and lease
topographic surveys and any other of Crown Lands, prosecuting in Court
duties assigned to him by the Superin- defaulting purchasers or lessees etc., and
tendent of Lands and Survey to whom any other duties assigned to him by the
he will be immediately responsible for Commissioner of Crown Lands to whom
the satisfactory performance of his he will be immediately responsible for
duties, the satisfactory performance thereof.
Quarters: Quarters are not provided. Quarters: Quarters are not provided.
Passages: Passages to St. Lucia will Passages: Free passages to St. Lucia
be provided for the officer, his wife and will be provided for the officer, his wife
children not exceeding five persons in and children, not exceeding five persons
all; children should be under the age of in all; children should be uncer the age
18 years, unmarried, and dependent of 18 years, unmarried, and dependent
upon the officer. upon the officer.
Leave: Vacation leave on full salary Leave: Vacation leave on full salary
may be earned at the rate of 36 days may be earned at the rate of 24 days
per annum in respect of officers receiving per annum accumulatinIs t, a maximum
salary up to $2,300 per annum_ accumu- of 48 days.
lating to a maximum of 144 days. The General Infcrmation: Tni:i post re-
rate alters to 45 da-ys per arnum quires activee responsible per.,o:-s capable
accumulating to a maximum of 180 days of working on their own. The officer will
in respect of officers receiving salary in be liable to taxation imposed by local
excess of $2,300 per annum, legislation and :vill be subject to Colonial
General Information: The officer will Regulations and local General Orders in
be liable to taxation imposed by local force in the Colony from time to time.
legislation and will also be liable to Applications giving full particulars of
transfer to any other post of similar name, age, qualifications and experience
status within the Windward Islands. lie accompanied by copies (which will not
will be subject to Colonial Regulations be returned; ) :f two original t-iL-.onials
and local General Orders in force in the in the applicant's possession should be
Colony from time to time. submitted to the Secretary. Public Ser-
Applications giving full particulars of vice Commission, Government Office,
name, age, qualifications and experience Castries, St. Lucia, B.W.I., not later than
accompanied by copies (which will not 15th September, 1957.
be returned) of two original testimonials 27th ust 7.
in the applicant's possession, should be -
submitted to the Secretary, Public Ser-
vice Commission, Government Office, No. 414.
Castries, St. Lucia, B.W.I. not later than RFG:ONAL LIBRARIAN (SOUTH),
15th September, 1957. TRINIDAD AND TOBAGO.
27th August, 1957. ---
Applications are invited from suitably
No. 413. qualified persons for appointment to the
CROWN LANDS OVERSEER, LANDS AND SURVEY vacant post of Region al Librarian
DEPARTMENT, ST. LUCIA, B.W.I. (South), in the Centrai Library Services,
Trinidad and Tobago. The appointment
Applications are invited from suitably which will be subject to medical fitness
qualified persons for appointment to the will be on 2 years' probation, and will be
post of Crown Lands Overseer, Lands and subject to the Colonial regulations and
Survey Department, St. Lucia, B.W.I. the Local Civil service Regulations and














340 S \lN VINCEN I', TUSDA.Y. SEPI'EMBER, 1957.-(No 44).


Instructions in force for the time being. December, 1956, is published with this
The post is not pensionable, but steps issue of the Gazette.
will be taken to declare it pensionable (F. 22/1950 A.)
in due course.
2. The salary scale is $3,840-$4,320 By Command,
per annum. A temporary Cost of Living G. LISLE FRASER,
Allowance is payable at the rates in force Acting Government Secretary.
from time to time. A commencing salary
above the minimum will depend on the GOVERNMENT OFFICE,
candidate's qualifications and experience. 3rd September, 1957.
3. The duties of the post will include
the organisation and maintenance of
the Central Library Service in the South DEPARTMENTAL AND
and ot the Carnegie Free Library, San
Fernando, (under the supervision of the OTHER NOTICES.
Librarian, Central Library).
4. Qualifications required are fellow- BRITISH CARIBBEAN CURRENCY ROARD.
ship of the Library Association or a de-
gree of a recognized University with A rumour has been circulated in the
appropriate qualifications and experience Colony to the effect that, as the result
In librarianship. Consideration will also of some competition, Banks are buying
be given to candidates who have passed the "security thread" which forms part
some parts of the Final Examination of of British Caribbean Currency Notes and
the Library Association and ,who have a number of these "security threads"
the type of experience required for the have been withdrawn from currency
post. notes and presented to Banks In the be-
5. The successful candidate will be lief that they would be paid for.
required to work in San Fernando In the The public is hereby warned that
first instance. Quarters are provided at Banks are not paying for "security
an appropriate rental, threads" withdrawn from currency notes
6. Applications giving full particulars and further that it is an offence to with-
of candidates, and accompanied by two draw the "security thread" or otherwise
testimonials, should be addressed to the mutilate or deface a currency note. In
Honourable Colonial Secretary, Red the meantime traders should accept
House, Port of Spain, Trinidad, not later notes which have been tampered with in
than the 14th of September, 1957. Cer- this way and present them to Barclays
tified copies (not originals) of testimo- Bank (D.C.O.) without delay so that
nials, should be submitted. they may be withdrawn from circulation
27th August, 1957. as soon as possible.


(A. 15/1950 II.)

No. 425.
LEGISLATION.

The Right Honourable the Secretary
of State for the Colonies has notified
that Her Majesty the QUEEN will not
be advised to exercise her Power of dis-
allowance in respect of the following
Ordinance of this Government:-
No. 17 of 1957.-An Ordinance to
control experiments on living ani-
mals.
(J. 1/1957.)
3rd September, 1957.

No. 426.
SUPPLEMENT TO GAZETTE.

The Financial Accounts of the Colony
for the month of January, 1957, is pub-
lished with this issue of the Gazette.
3rd September, 1957.

No. 427.
The Report of the Director of Audit of
Trinidad and Tobago on the Accounts of
the Board of the Commissioners of Cur-
rency, British Caribbean Territories
(Eastern Group), for the year ended 31st


B. R. THOMAS,
Currency Officer.
20th August, 1957.


NOTICE.

By the Authority of The Land and House
Tax Ordinance, Chapter 194 of the Laws
of St. Vincent.

The Magistrates of the First, Second
and Third Districts will hold special
Sessions for the purpose of hearing
objections to an appeals from the assess-
ments made by the Tax Officers of St.
George's Parish, District 1; Charlotte
Parish, District 2; St. Andrew's Parish,
District 3; St. Patrick's Parish, District
4; St. David's Parish, District 5; and the
Grenadines, District 6; as relate to pro-
perty in the First, Second and Third
Magisterial Districts.
The Sessions will be held at the fol-
lowing places at 10 o'clock in the fore-
noon:-
District 1-At the Police Station at
Calliaqua on Tuesday the 10th day
of September, 1957; and at the
Court House, Kingstown, on Tuesday
the 10th day of September; 1957.















SAINT VINCENT, TUESDAY, 3 SEPTENIBER, ])57.-(~ .44).


District 2-At the Police Station at
Georgetown on Friday the 20th day
of September, 1957.
District 3-At the Police Station at
Layou on Thursday the 19th day of
September, 1957.
District 4-At the Police Station at


and the Girls' High School will be held
at the Richmond Hill Government School
on Friday, 4th October, 1957, beginning
at 9.00 a.m.
2. The Scholarships are open to
pupils attending Government or Assisted
Primary Schools or Private Schools


Barrouallie on Monday the 9th day which satisfy the requirements of
day of September, 1957. i the Board of Education, and en-
District 5-At the Police Station at title the holders to free tuition,
Chateaubelair on Monday the 23rd games and library fees and the necessary
of September, 1957. school books and stationery. A mainten-
District 6-At the Police Station at ance grant at the rate of ninety-six dol-
Port Elizabeth, Bequia, on Wednes- lars per annum is payable to scholarship
day the 4th day of September, 1957; holders whose normal place of residence
and at the Court House Clifton, is at least two miles from the limits of
Union Island, on Tuesday the 24th! Kingstown measured by the shortest
day of September, 1957. Public highway and who have to live
Notice of intention to object to any away from home for the purpose of
assessment must be given not later than taking advantage of the scholarship.
ten days before the day fixed for the 3. Candidates must-


hnoiing of01 te Session at which the ob-
jection is to be heard.
C. E. A. RAWLE,
Magistrate.
Magistrate's Office,
Kingstown,
2nd August, 1957.

SALE OF OLD BICYCLE,

The public is hereby notified that
there will be put up for sale by auction
on Saturday 7th September, 1957, at 2.00
p.m. at the Inland Revenue Office, ONE
old bicycle, the property of the Govern-
ment of St. Vincent.
F. E. WILLIAMS,
Inland Revenue Officer.
27th August, 1957.
(A. 48/1946.)

EDUCATION NOTICES.

GRAMMAR SCHOOL.

Term III 1957 will begin on Monday
Oth September, 1957, at 10.30 a.m.
G. C. MILLER, B.A.,
Headmaster.
Grammar School,
3rd September, 1957.

GIRL'S HIGH SCHOOL.

Term III 1957 will begin on Monday
9th September, 1957, at 10.30 a.m.
J. M. BUCHAN,
Headmistress.
Girls' High School,
3rd September, 1957.

SCHOLARSHIP EXAMINATION.

A competitive examination for the
award of scholarships for boys and
girls tenable at the Grammar School


(a) have been less than 12 years of
age on the 15th September, 1957.
Age must be proved by a birth or
baptismal certificate;
(b) have attended a Government or
Assisted Primary School or Private
School whclh satisfies the require-
ments of the Board of Education,
during the twelve months preced-
ing the 15th September, 1957, for
not less than 75% of the maximum
attendances possible during such
period, as shown in the Attend-
ance Register kept in the school.
(c) furnish certificates of good con-
duct from the Head Teachers of
such school or schools;
(d) be natives of the Colony, or chil-
dren of natives or have been
resident in the Colony for at least
two years.
4. The Education Officer is empow-
ered to accept for examination any
candidate who, through illness has
failed to comply with the requirements
of paragraph 3 (b) above, %.-ilh respect
to the number of attendances.
5. No Scholarship shall be awarded
to any candidate who obtains less than
one-third of the possible marks in each
subject and less than one-half of the
total possible marks in the examination.
6. Scholarships are awarded for a
period of not more than six years pro-
vided the scholar's attendance, conduct
and progress as shown by the term re-
ports are considered satisfactory.
7. Candidates will be examined in
English, including Reading, Arithmetic
and General Knowledge.
8. Application accompanied by proper
proof of age must reach the Education
Office not later than Saturday, 14th
September, 1957.
J. J. ANTROBUS,
Acting Education Officer.
Department of Education,
St. Vincent.
19th August, 1957.














342 SAINT VINCEINT, TUESDAY, 3 SEPTEMBER. 19.57.-(No. 44).


STATEMENT OF CURRENCY NOTES AND BRITISH CARIBBEAN COIN
CIRCULATION IN THE BRITISH CARIBBEAN TERRITORIES
(EASTERN GROUP) ON AUGUST 1ST, 1957.

Notes Coins
Average circulation during June, 1957. $ 6 $
British Caribbean Currency Notes ..... 63,001,377.00 3,175,673.00
Demonetized Govt. notes outstanding 1,099,581.00

Totals 64,100,958.00 3,175,673.00

British Caribbean Notes and Coins in
circulation on August 1st, 1957.


Trinidad and Tobago
Barbados
British Guiana
Grenada
St. Vincent ......
St. Lucia
Dominica ...... ......
Antigua
St. K itts ...... ......
Montserrat ......
"Proof Sets" Coins


.. ... .... 29.201,573.00
.... ...... 7,159,625.00
...... .... 15,951,239.00
.. ... 2,670,100.00
-- -- 509,400.00
...... .... .... 1,034,OC0.00
...... ...... ...... 1,565,400.00
..... 2,385,300.00
.- 1,589,500.00
- 367,705.00


1,369,625.00
496,025.00
643,800.00
140,475.00
90,500.00
125,600.00
99,900.00
114,000.00
118,575.00
21,650.00
1,870.00


Total British Caribbean Notes & Coins
in circulation on August 1st, 1957.

Demonetized Govt. Notes outstanding on
August 1st, 1957
Trinidad and Tobago
British Guiana --
Barbados ...... ..... -

Total Govt. Notes outstanding on
August 1st, 1957 ...... ...... .

Total circulation on August 1st, 1957 ......


$62,433,842.00 $ 3,222,020.00


751,955.00
266,986.00
71,309.00


$ 1,090,250.00

$63,524,092.00 $ 3,222,020.00

L. SPENCE,
Executive Commissioner,
British Caribbean Currency Board.


British Caribbean Currency Board,
Treasury Chambers,
Port of Spain,
Trinidad.
20th August, 1957.


NOTICE.

UNDER THE LIQUOR LICENCE ORDINANCE. No. 11 OF 1948.

it is ii-reby notified for general information ithat the Quarterly Licensing
Session will e held in the undermentio cid P;ri- (s I i] the pi ,I (,, : ei r-
in- applications riim al)plicants in their res|.ective Pari.hc.- for thi granting
of Certificates in accordance with the provi-ioti of the Liquor Licences Ordin-
ance, No. 11 of 1948, at the times an, places stated hereunder :-
Parish. Time and Place of Session.

St. George & St. Andrew ... At the Court House, Kingstown, on
Thursday the 12th day of September,
1957, at 9.15 a.m.
Charlotte ... ... At the Court House, Georgetown, on
Friday the 13th day of September, 1967,
at 9.15 :i.n.















SAINT VINCENT, TUESDAY, 3 SEPTEMBER, 1957.-(No. 44). 343


... At the Court House, Barrouallie, on
Monday the 9th day of September, 1957,
at 9.15 a.m.


The Grenadines (Union Island)


At the Court House, Clifton, on Tuesday,
the 24th day of September, 1967, at
9.15 a.m.


Notices of intention to oppose the grant of any Certificates, stating in
general terms the grounds of the opposition, mnst be served upon the appli-
cant and upon the Magistrate not later than seven days before the day fixed
for the holding of the Licensing Sessions.

C. E. A. RAWLE,
Magistrate.


PARTICULARS OF APPLICANTS FOR NEW CERTIFICATES AND
TRANSFERS.


Parish.


St. George &
St. Andrew

























Charlotte ..



St.Patr ick ...

Grenadines-
(Union Island)


Names of Applicants


FI Naeds ofA pick nt


Frederick
Gonsalves

Elaine Sharpe

Erskine John

G. W. Frank &
Sons
Claude H. Layne


Morris Peters

Darrell Richardsorn
Robertha John

Lawrence Thomas
Calvin Gibson

Alfred Bonadie

Bruce 0. Bonadie

Felix Gabral


Cassandra Olliver
Agnes DaSantos
Victor H. John

William O'Garro


Susannah Hall


Occupation


Shopkeeper

do.

do.


Merchants
Hotel
Proprietor

Shopkeeper

do.
do.

do.
do.

do.

Commission
Agents
1ferchant


Shopkeeper
do.
do.

Shopkeeper


Shopkeeper


Residence Situation of
Premises


Kingstown

do.

do.


do.

do.

Richmond
Hill
Carrier
Fairbairn
Pasture
Calder
Nutmeg
Grove
Kingstown

do.

do.


South Rivers
Park Hill
Bridgetown

Barrouallie


Clifton


Lower Middle
St., Kjtown
Pyrell Street
Kingstown
North River
Rd., K/town
Lower Bay
St., K/town
Blue Carib-
bean Hotel,
Kintgstown
Richmond
Hill
Carriert
Fairbai rn
Pasture
Calder
Nutmeg
Grove
Middle St.,
Kinustown
Mi.Idle St.,
Kingstnwn
St. James'
Place K/town

South Rivers
Park Hill
Yambon

Barrouallit,


Clifton,
Union Island.


C. E. A. RAWLE,
Maqistrate.
MAGISTRATE'S OFFICE,
KINGSTOWN,
24th August, 1957.


PlrTED BY THE GOOVERN NT PRDInER, AT THE GOVERNMENT PRINTING OFFICE,
xKxmtOWN, ST. vncuRT.
[ Price 24 cents. ]


St. Patrick






















FINANCIAL
STATEMENTS.











THE TOTAL RECEIPTS AND PAYMENTS


RECEIPTS.


Estimated
Receipts
1957.


1. Import Duties
2. Export Duties
3. Excise Duties
4. Other Duties
5. Licences
6. Taxes
7. Harbour Dues
8. Other Fees of Court, etc.
9. Post Office
10. Electricity, Telephones, Refrigeration
11. Rent and Interest
11A. Sale of Government Property
liB. Loans and Advances, Repayments
12. Sales and Leses of Crown Lands

Total Ordinary Revenue

EXTRAORDINARY.


12A. Grant in Aid:-
(a) Administration
(b) Deferred Maintenance

(c) Salaries Increase


$682,060
102,000

303,000


Total Local Revenue and Grant-in-Aid

13. Colonial Development & Welfare Schemes

Total Revenue












Authorised Advances:-


Personal
Other


5,787
42,680


Deposits, Special Funds

Deposits, Other than Special Funds

I mprest

Crown Agents Joint Colonial Fund


$
9,390,000
225,000
260,000
100,000
55,0000
455,510
23,000
220,370
95,930
10,530


18,950

184,690
11,580

S. 2,599,560






1,087,060


Actual
Receipts
to 31.1.57


$
84,762
18,210
14,403
2,658
15,126
8,765
2,12
31,146
7,307
1,204
521

1,005
436

187,664






103


3,686,620 187,767

803,320


4,489,320


187,767















48,467


46,344

387,260

8,583

355,200



1,033.621











FOR THE PERIOD IST TO 31ST JANUARY, 1957.


PAYMENTS


1. Governor
2. Legislature
3. Administration
4. Agriculture
5. Audlit
6. Central Housing Authority
7. Charitable
8. (Justoms and Excise
9. Education
10. Inland Revenue
11. Judicial
12. Labour
13. i.ands and Survey
14. Legal
14,A. Loans and Advances
15. Medical
16. Miscellaneous
17. Pensions
18. Police
19. Port and Marine
20. Post Office
21. Prisons
22. Public Debt
23. Public Library
24. Public Works Department
25. Public Works Annually Rectirrent
26. Public Works Extraordinary
27. Deferred Maintenance
28. Subventions
30. Telephones
31. Treasury
32. Salaries Increase

Total Ordinary Expenditure

EXTRAORDINARY.

33. Colonial Development and Welfare

Total Expenditure


Authorised Advances;-


Personal
Other


Deposits, Special Funds

Deposits. Other than Special Funds

Imprest



Balance at 1st January. 1957

Balance as at 31st January 1957


TREASURY CHAMBERS,
ST. VINCENT,
20th August, 1957.


C. R. I. ROBINSON,
Acting Accountant General.


Estimated
Payments
1967.

15,300
73,280
1S3,890
127,780
20,620
6,400
43,060
71,840
433,160
29.8i70
50,660
14,830
33,920
7,920
210,000
518,440
167,960
75,300
224,256
8,560
58,620
65.710
37,510
11.030
90,790
426.330
83,670
102,000
102,554
30,190
58,170
303,000

3,686,620



803,320

4,489,940


Actual
Payments
to 31.1.57
$

1,392
10.937
7,)57
1,185
1,491
2,472
3.124
29.195
2,472
2,762
723
3,322
798

32,065
10,158
10,344
19,214
53
2,473
4,809
10,506
351
6,869
5,539

28
1,493
2,137
4,035
21,516

199,020



39,850

238,870





24,147

37,812

95,371

21,216


417.416
256,849

359,356

1,033,621


13,954
10,193











Statement of the Assets and Liabilities of the Colony of St. Vincent as at 31st January, 1957.


Deposits of Special Funds

Overdrafts-


Joint Colonial Fnnd


$ c. $ c.

481,396 00




1,372,800 00


35,322 00


Colony Reserve Fund







General Revenue Balance


1,758,336 00


1,889,518 00


1I _______________________-_


1956
S c.


Advances :


$ c.


Personal


157,062 00


Other

Less other Deposits


1,047,041 00

o.


1956
$ c.

923,808 00








173,81400






660,71400










1,758,336 00


$ c.





1,204,103 00


$ c.


650,027 00 554,076 00


255,929 00
107,280 00
12,633 00

375,842 00
3,853 00


199,020 00
187,767 00

11,253 00
39,850 00

51,103 00
285,558 00


371,866 00


371,989 00
626,792 00







336,661 00

1,889,518 00


Notes:- 1. At 31st January. 1957, the Public Debt of the Colony (not recorded in the above LTiabilities) stood at $375,818.00 and the accumulated Funds for its Redemption to $227,153.00.
2 "Other Advances" includes an amount of $769,502.00 advanced in anticipation of loans.


TREASURY CHAMBERS,
SAINT VINCENT, B.W.I.,
20th August, 1957.


C. R. I. ROBINSON,
Acting Accountant General.


Cash :-
Treasury and Sub-Treasuries
Barclays Bank
Imprests


Less Crown Agents Current
Investments
General Revenue Balance-
Net Expenditure at 31.1.57
Net Revenue at 31.1.57

Colony Deficit
plus C.D. & W. Expenditure


Balance at 1.1.57


506,73400
080 anfl n


0


.35,321 )




35,321 oo


333,081 00

















Report of the Director of Audit of Trinidad and Tobago on the
Accounts of the Board of the Commissioners of Currency,
British Caribbean Territories (Eastern Group),
for the Year ended 31st December, 1956.

CURRENCY FUND INCOME ACCOUNT.
Income for the year exceeded expenditure by $1,429,073.12 all of which was
transferred to the Currency Fund Account in accordance with Article 4 (3) a of
the First Schedule to the Currency Ordinance, Chapter 35 No. 2 (Trinidad and
Tobago).

2. As in previous years, the accounts for 1956 have been presented on a cash
basis. All expenditure for the year has been duly authorised. Included in the
item "Incidentals-$2,564.22" is an amount of $40.00 the value of five (5) proof
sets of coin which were presented to various parties with the sanction of the
Board.

3. CURRENCY FUND.
The value of the Currency Fund at 31st December, 1956, after the transfer
of the surplus on Income account was $66,598,730.45, which was $565,106.55 less
than the value of notes and coin in circulation totalling $67,163,837.00. This
deficiency was mainly due to the depreciation in the market value of securities,
which amounted to $1,159,985.78 for the year. The position therefore remained
as stated in paragraph 5 of the Audit Report for 1955, and member Governments
are liable to be called upon to make good this deficiency in accordance with
Article 6 (2) of the First Schedule to the Currency Ordinance.

4. ASSETS AND LIABILITIES.
Statements of the securities and cash held on behalf of the Board have been
received from the Crown Agents. The certificate of the Controller and Auditor
General for the balances held at 31st December, 1955, has been seen. The
certificate for the balances at 31st December, 1956, has not yet been submitted
for audit. The amount held on deposit with the Accountant General has been
verified with the Treasury records, and that with Barclays Bank (D.C. & 0.)
confirmed by bank certificate.

5. BOARDS OF SURVEY.
Regulation 10 of the Currency (Coin) Regulations 1955 and Regulation 20
of the Currency (Notes) Regulations 1951 have not been complied with in the
following instances:-
Grenada-No ordinary survey on coin was held in the first quarter, and no
ordinary survey on notes was held in the second quarter of the
year. No survey of any kind was held in the fourth quarter,
and no surprise survey was carried out during the year.

St. Lucia-No ordinary survey was held in the first quarter either on notes
or coin. An ordinary survey was reported to have been held in
the fourth quarter (27th December, 1956), but no Survey Report
has been received either from the Principal Auditor or the Execu-
tive Commissioner.

St. Kitts-No ordinary survey on coins was held in the first quarter of the
year.

6. ISSUES OF COINS FOR STERLING.
Issues of coin for sterling of amounts less than $25,000.00, the minimum
authorised under the Currency (Coin) Regulations, Section 7 (1), were made
as follows during 1956:-

Date of issue Colony Amount issued
7. 3.56. Trinidad $ 6,000.00
1. 5.56. St. Kitts 20,000.00
8. 6.56. Trinidad 14,250.00
30.10.56. British Guiana 10,000.00
6.12.56. British Guiana 24,000.00
A reduction in the minimum limit is recommended for consideration.
I. V. G. MACKAY,
Director of Audit.
9th August, 1957.
(F. 22/1950 (A).)

















COMMENTS OF THE EXECUTIVE COMMISSIONER, BRITISH CARIBBEAN
CURRENCY BOARD. ON THE REPORT OF THE DIRECTOR OF AUDIT,
TRINIDAD AND TOBAGO ON THE ACCOUNTS OF iTHE BOARD FOR 1956.



PARAGRAPH 5-BOARDS OF SURVEY. The Governor of each Colony
appoints the Board of Survey and each year the Executive Commissioner draws
attention to the necessity for adhering to the requirements of Regulation 10
of the Currency (Notes) Regulations and the Currency (Coin) Regulations.
Failure to hold the required number of surveys in Grenada, St. Lucia and St. Kitts
in 1956 has been reported to the Administrators of those Colonies with the usual
request that Regulation 10 be strictly adhered to in future.

PARAGRAPH 6. The approval of the Secretary of State for the Colonies is
being sought by the Board, for amendment of Regulation 7 (1) of the Currency
(Coin) Regulations, but in order that the replacement of United Kingdom coins
by British Caribbean coins should not be impeded the Board authorised the issue
for sterling of sums of less than $25,000 pending submission of the request to the
Secretary of State for approval of the proposed amendment of the Regulation.

L. SPENCE,
Executive Commissioner
British Caribbean Currency Board.
Treasury Building,
Trinidad.
13th August, 1957.












APPENDIX I.

ACCOUNTS OF THE COMMISSIONERS OF CURRENCY, BRITISH CARIBBEAN TERRITORIES (EASTERN GROUP) FOR THE YEAR 1956.

INCOME ACCOUNT.


$ 4


To: Personal Emoluments ...... ...... ......
Rental of Vaults ...... ...... ......
Rental of Offices etc. ...... ......
Rental of Incinerator-Trinidad ...... ......
Incidentals ...... ......
Telephones
Postage & Telegrams-Headquarters
Furniture & Equipment-Area ...... ......
Printing & Stationery-Headquarters
Supplies of notes .... ...... ......
Intercolonial Transfer of notes and coins......
Audit of Accounts ...... ......
Travelling etc. Commissioners ...... ......
Agency Fees-Barclays Bank D.C.O. ......
Bicycle allowance-Messengers ...... ...
Cancelling machines and dies ...... ......
Supplies of Coins ...... ...... ......
Repatriation of United Kingdom coins ......

Commission refunded to Barclays Bank
D .C .O ...... ...... ...... ......
Surplus transferred to Currency Fund
Article 4 (3) (a) of First Schedule to
Currency Ordinance ...... ...... .


131,278.10
1,317.96
2.064.00
120.00
2,564.22
288.00
852.35
1,090.61
2,405.32
121,272.69
20,368.22
1,240.00
1,163.62
6,240.00
69.00
158.43
428,901.98
64.349.84


By: Dividends
Commission on notes issued for sterling
Commission on notes redeemed
Commission on coins issued for sterling
Net proceeds of 100 "proof sets" of Coins
Sundries ...... .......


$ 4
...... 2,164,060.70
.......... 31,325.02
...... ...... 17,570.00
1,247.97
disposed of ...... 706.50
56.74


$ 785,744.34


149.47


1,429,073.12

$2,214,966.93


$2,214,966.93





















CURRENCY FUND.

8 4


By: Balance at 1st January, 1956 ...... ...... ...... ...... 60,889,824.61
Currency notes issued for sterling ...... ...... ...... 7,160,000.00
Coins issued for sterling ...... .. ...... .... 285,250.00
Coins issued in exchange for United Kingdom coins ...... 1,508,475.00
Value of 100 "Proof sets" Coins sold ...... .... ...... 93.50 .A
Gain on securities sold ...... ...... ...... ...... 32,168.66
Appreciation in value of securities ..... .... ...... 615,360.84
Surplus transferred from Income A/C Article 4 (3) (a)
of First Schedule to Currency Ordinance, 1950 ...... 1,429,073.12

$71,920,245.73


To: Currency notes redeemed for sterling ......
Loss on Securities repaid ...... .
sold ......
Depreciation in value of securities
Balance at 31st December, 1956


.... 3,514,000.00
...... ...... 833.52
...... ...... 7,191.86
...... 1,799,489.90
...... 66,598,730.45


$71,920,245.73


$ 0















ASSETS AND LIABILITIES AS AT 31ST DECEMBER, 1956.


Currency Fund ...... ...... ...... ...... ...... ......
Suspense A/C-Value of United Kingdom coins received in
excess of British Caribbean coins issued and not paid for
at 31st December-$105.00. Unpaid claims $8.43 ......


Barclays Bank D.C.O. Deposit for issue of currency notes


66,598


$ 0


,730.45 Securities held by Crown Agents ...... ...... ......
On deposit in Crown Agents Joint Consolidated Fund
On deposit with Accountant General-Trinidad & Tobago ......
113.43 On deposit in Barclays Bank Current A/C ...... ...... ......
United Kingdom coins redeemed:-
United Kingdom coins shipped to Crown Agents for redemp-
tion by Royal Mint
United Kingdom coins in Commissioners Vaults awaiting
shipment for redemption by Royal Mint ..... .


$66,598,843.88


......$ 4,898,400.00


$ 4
55,244,011.44
9,922,720.88
1,206,347.56
1,796.00


145,104..00

78,864.00

$66,598,843.88
C-i


Market value at 31st December of securities held by Crown
Agents for Oversea Governments and Administrations ......$ 4,898,400.00


Headquarters,
British Caribbean Currency Board,
I Treasury Chambers
Port of Spain.
30th April, 1957.


L. SPENCE,
Executive Commissioner
British Caribbean Currency Board.


The above Accounts have been examined in accordance with Article 7 of the 1st Schedule to Chapter 35 No. 2 (Trinidad and Tobago). I have
obtained all the information and explanations that I have required, and I certify, as a result of this audit, that in my opinion the Accounts are correct,
subject to the observations contained in the attached Report.


9th August, 1957.


I. V. G. MacKAY,
Director of Audit.


LIABILITIES


ASSETS















REPORT OF THE DIRECTOR OF AUDIT OF TRINIDAD AND TOBAGO
ON THE ACCOUNTS OF THE BOARD OF THE COMMISSIONERS OF
CURRENCY, BRITISH CARIBBEAN TERRITORIES (EASTERN
GROUP) FOR THE YEAR ENDED 31ST DECEMBER, 1957.

CURRENCY FUND INCOME AccOUxT:
The Currency Fund Income Account for the year shows an excess of income
over expenditure of $2,133,)917.44, which does not include interest of $10,260.62
credited by the Accountant (General after the Board's Accounts had been closed.
Of this cxc('ss of $2,133,917.44, the sum of $1,781,861.85 was appropriated to
1he Currency Fund and the balance of '. ,....7.' transferred to the Currency
Surplus Account in accordance with Articles 4 (3) (a) and 4 (3) respectively
of the Agre(-ment contained in the First Schedule to the Currency Or(linance,
Chapter 35 No. 2 (Trinidad and Tobago).

2. With the exception of $14.70 accrued as Interest in the Provident Fund
and $9.86 as unpaid labourers' wages. which have been included, the accounts
have been presented on a cash basis as in previous years. All expenditure for
the year was duly authorised.

CURRENCY FUND:
3. The Currency Fund was restored to parity with the value of notes and
coins in circulation at the 31st' December, 1957, which amounted to
$75.,051,597.00. It is noled, however, that that portion of the Fund held in
liquid form by the Crown Agents has again exceeded the limit of 10% approved
by the Secretary of State under Article 3 (4) of the Agreement referred to in
the 1st paragraph of this RE'port.

ASSETS AND LLABILITI-ES:
4. With reference to paragraph I of my Report on the Accounts of the
Board for the year 1956, the certificate of the Controller and Auditor General
in respect of the balances at the 31st December, 1956 has now been seen. State-
ments of cash and securities held by the Crown Agents on behalf of the Board at
the 31st December, 1957, have also been submitted, but the Certificate of the
Controller and Auditor General has not yet been received.

5. The amount held on deposit by the Accountant General, according to
Treasury records, was $10,260.62 in excess of the amount of $772.590.33 shown
in the Balance Si r-. The difference is explained in the Isi paragraph of this
Report. Bank balances have been confirmed.

BOARDS OF SURVEY:
6. Ordinary surveys were not held as stipulated in Regulation 20 (3)
of the Currency (Notes) Regulations, 1951, and Regulation 10 (3) of the
Currency (Coin) Regulations, 1955, for the quarters and at the Sub Centres
shown hereunder:-

Quarter Suitb Ccnrcc
1st St. Lucia
3rd .. Antigua
Dominica
St. Vinc(ent
4th Grenada

7. Boards of Survey have not been able to furnish certificates which comply
with Regulation 10 (4) o tlihe Currency (Coin) Regulations, 1955.

S. There appears to have been a breach of Regulation 20 of the Currency
(Notes) Regulations, 1951, at a survey held in a branch centre during the last
quarter of 1957. The Board of Survey accepted, without counting, the Currency
Officers' notations with respect to unsealed bundles of cancelled notes which
were stored in two (2) steel cabinets in tlie Currency Notes vaults while awaiting
destruction.

ISSUES OF COINS FOR STERLING :
9. All issues of coins for sterling during the year were in amounts less
than $25,000.00, the minimum authorised by Regulation 7 (1) of the Currency
(Coin) Regulations, 1955. This Regulation has, however, now been amended















by the Currency (Coin) (Amendment) Regulations 1958, which permit the
Board, in its discretion, to make issues in smaller sums.


PROVIDENT FUND:
10. The Board introduced a Provident Fund Scheme with
1st January, 1957, at the 31st December 1957, the balance in
$6,300.95 made up as follows:-


Depositors Contributions
Boards Contributions
Reserve Account


effect from the
the Fund was


$2,085.92
$4,171.74
$ 43.29

$6,300.95


AUDITED STATEMENTS FROM PARTICIPATING TERRITORIES:
11. Audited Statements of currency transactions during 1957 have not
been received from British Guiana and the Leeward Islahinds. Verification,
however, has been effected with the Vault Book Returns received from these
territories by the Executive Commissioner of the Board at Port of Spain.

W. M. FELL,
Ag. Director of Audit.
25th June, 1958.













COMMENTS OF TIIE EXECUTIVE COMMISSIONER ON THE REPORT
OF THE DIRECTOR OF AUDIT TRINIDAD AND TOBAGO ON THE
ACCOUNTS OF THE BRITISH CARIBBEAN CURRENCY BOARD
FOR THE YEAR 1957.

PARA 1.
The Board was not notified until May 1958 of the credit of interest referred
to, which has been brought to account in the Board's Account for 1958.

PARA. 3.
Steps have been taken by the Board to obtain the approval of the Secretary
of State for the Colonies for increasing the limit of the portion of the Currency
Fund that may be held in liquid form temporarily.

PARA. 5.
See comment on paragraph 1.

PARA. 6.
The attention of the Officers administering the Government of Grenada,
St. Vincent, St. Lucia, Antigua and Dominica has been drawn to Regulation
20 (3) of the Currency (Notes) Regulations and Regulation 10 (3) of the Cur-
rency Coin Regulations which require four ordinary surveys and one surprise
survey to be held in each year.

PARA. 7.
In view of necessity for holding stocks of coin at each Centre in sufficient
quantities for exchange for United Kingdom coin withdrawn from circulation
and limited vault space available, it has not been practicable for Boards of
Survey to certify that the seals on each package have been inspected. When
the operation of withdrawals of United Kingdom coin is completed it should
be practicable, for this requirement of the Regulation to be complied with.

PARA. 8.
The Board of Survey referred to accepted the certificate of two Currency
Officers in respect of bundles of cancelled currency notes in a locked receptacle
in the Vault without detailed check of the cancelled currency notes. The
question of surveys of cancelled currency notes awaiting destruction should
receive the consideration of the Board at its next meeting.

PARA. 9.
The Board authorised the issue of coins in sums less than $25,000 during
1957 pending amendment of the Regulations in view of coin exchange operation.
The amendment was effected in January 1958.

L. SPENCE,
Executive Comimissioner.
British Caribbean Carrency Board.

Treasury Building,
Trinidad.
11th July, 1958.













ACCOUNTS OF THE COMMISSIONERS OF CURRENCY, BRITISH CARIBBEAN TERRITORIES (EASTERN GROUP)
FOR THE YEAR 1957.

INCOME ACCOUNT.


$ C.
To: Personal Emoluments .. 142.51:3.07
Rental of Vaults .. l,: 39.7
Rental of Offices &e. .. 2,332.47
Rental of Incineralor-Trinidad .. 120.00
Incidentals 2,88.76I
Rental of Telephones 308.00
Postage & Telegrams-Headquarters .. 528.0
Furniture & Equipment-Area .. 70 .77
Printing & Stationery-Headquarters .. 2,13.84
Supplies of Notes .. 19),2:40.78
Intercolonial transfers of notes and coins.. 1215 . 7
Audit of accounts .. ,240.00
Traveliing &c. Commissioners .. 3,013.52
Agency fees-Barclays Bank D.C.O. 6. 6.240.00
Bicycle allowance-Messengers .. 74.13
Supplies of Coins .. 1. 71.7
Repatriation of United Kingdom coins 1. 0.3)5.48
Provident Fund .. 4,170. 22


Commission refunded to Barclays Bank
D.C.O.
Coin accidentally defaced by fire withdrawn
from circulation
Transferred to Currency Fund (Article
4 (3) (a) of First Schedule to Currency
Ordinance
Transferred to Currency Surplus Account
(Article 4 (3) of First Schedule to Cur-
rency Ordinanue)


$ Dividends
By: Dividends


$ e.
2,107,512.76


Interest on deposits on Crown Agents Joint
Consolidated Fund
Commission on noles issued for sterling ..
Commission on notlA redeemed for sterling..
Commnission on coins issued for sterling
Sundries..


386,104.35


45.78

.13


1,781,861. S5


$352,055.59

$2,520,067.70


327,26. 58
56,481.25
27,850.00
629.53
327.58


$2,520,067.70






ASSETS AND LIABILITIES AS AT 31ST DECEMBER, 1957.


LIABILITIES


Currency Fund
Currency Surplus A/c
Provident Fund
Unpaid labourers wages


75,051,597.00
352,055.59
6,300.95
9.86


ASSETS


Securities held by Crown Agents for Currency
Fund (Nominal value $69,203,905.40) *
On deposit in Crown Agents Joint Consolidated
-Fund
On deposit in Government Savings Bank
On deposit in Savings A/c-Barclays Bank D.C.O.
On deposit in Current A/c-Barclays Bank D.C.O.
On deposit with Accountant General, Trinidad &
Tobago
Cash in the hands of the Crown Agents
United Kingdom coins shipped to Crown Agents
for redemption by Royal Mint
United Kingdom coins in Commissioners Vaults
awaiting shipment for redemption
kSterling due from Barclays Bank D.C.O. for notes
issued against securities deposited with Crown
Agents
Freight on United Kingdom coins paid in excess
to be refunded by Steamship Company


60,013,451.00

14,473,499.14
2,478.68
3,822.27
2,488.00

772,590.33
4,098.24

69,144.00

17,208.00


50,000.00

1,183.74


$75,409,963.40


$75,409,963.40


* Market value at 31st December, 1957.


Barclays Bank D.C.O. Deposit, for
rency notes and coin pending
sterling in London


issue of Cur-
payment of
.. $ 4,711,200.00


Market value at 31st December of securities held
by Crown Agents for Oversea Governments &
Administrations .. $ 4,711,200.00


NOTE :-The Board has a lien of $50,000 on the above securities for value of currency notes issued pending receipt of sterling in London by the
Crown Agents. (Sterling actually received by the Crown Agents on 1st January, 1958).


Headquarters, British Caribbean Currency Board,
Treasury Chambers,
Port of Spain.
24th April, 1958.


L. SPENCE,
Executive Commissioner,
British Caribbean Currency Board.


The above Accounts have been examined in accordance with Article 7 of the 1st Schedule to Chapter 35 No. 2 (Trinidad and Tobago). I have
obtained all the information and explanations that I have required, and I certify, as a result of this audit, that in my opinion the Accounts are
correct, subject to the observations contained in the attached Report.
W. MI. FELL,
25th June, 1948. Ag. Director of Audit.















CURRENCY FUND.


To: Currency notes redeemed for sterling
Coin accidentally defaced by fire withdrawn
from circulation
Loss on securities repaid ..
Loss on securities sold
Depreciation in value of securities
Balance at 31st December, 1957


$ c.
5,570,000.00

15.00
827.36
4,200.00
1,654.190.68
75,051,597.00


$82,280,830.04


$ c.
By: Balance at 1st January, 1957 .. 66,598,730.45
Currency notes issued for sterling .. 12,910,000.00
Coins issued for sterling .. 143,900.00
Coins issued in exchange for United Kingdom
coins .. 360,875.00
Appreciation in value of securities .. 454,337.74
Gains on securities sold .. 31,125.00
Transferred from Income A/'c (Article
4 (3) (a) of First Schedule to Currency
Ordinance, 1950) .. 1,781,861.85

$82,280,830.04


CURRENCY SURPLUS ACCOUNT.


To: Balance
For distribution to:-
Government of Trinidad & Tobago
. British Guiana
,, ,, Barbados
. Antigua
,, ,, St. Kitts
,, ,, Montserrat
,, ,, St. Lucia
,, ,, Dominica
,, ,, St. Vincent
,, ,, Grenada


$ c.
352,055.59


193,630.58
88,013.90
35,205.56
6,337.00
5,632.89
2,112.33
8,449.33
3,168.50
4,224.67
5,280.83

352,055.59


By: Amount transferred from Income Account
Article 4 (3) of First Schedule to the
Currency Ordinance


352,05.59$352,55.5


352,055.59


352,055.59k
352,055.59


$352,055.59









PROVIDENT FUND.


Refunded to employees on resignation

Balance at 31st December, 1957:-

On deposit in Savings A/c Barclays Bank D.C.O.
On deposit in Govt. Savings Bank


$ 21.60


$3,822.27
2,478.68


$6,300.95

$6,322.55


Employees contribution
Board's ,,
Interest


$2,085.11
4,170.22
67.22


$6,322.55




University of Florida Home Page
© 2004 - 2010 University of Florida George A. Smathers Libraries.
All rights reserved.

Acceptable Use, Copyright, and Disclaimer Statement
Last updated October 10, 2010 - - mvs