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Audited Accounts for Financial Years 1972/73 and 1973/74

Audited Accounts for Financial Years 1972/73 and 1973/74

, ,•2.5. At the 31st

, ,•2.5. At the 31st March, 1974, the balance of $58,801.92 owing toapprentices coneisted of $35,653.40 in Local Registered Stock and theremainder $23,1~B.52 in cash. An amount of $52,439.10, representsactual deductions from the wages along with dividend accruing to 31stMarch, 1974, of those apprentices who had not yet been paid their savings.6. The amount of $387.84 lodged by Public Works Department, wasin respect of a deposit made by that employer to the Fund but at the timethe Balance Sheet was prepared, the statement identifying the severalapprentices had not been received.7. The amount of $20.48 shown as unidentified receipts was inrespect of deposits made to the fund by employers who did not identifythemselves up to the time of the preparation of the Balance Sheet. Theyhave not since been identified.8. Undistributed interest of $5,953.90 ...-~ented 1"'h.co .......... .: ..... -.amount accruing over a long period fram earning on Stock and interestreceived on deposits after the annual dividend declared had been paidto the apprentices.9. In accordance with Section 33 (3) of the Financial Administrationand Audit Law, the Auditor General is required to transmit his reporton his examination and audit of the account of any statutory bodyaudited by him to the appropriate Minister for presentation to Parliament.10. The accounts of the Apprenticeship Board Compulsory SavingsFund have been audited by the Auditor General and he has now submittedhis report. This together with the audited accounts are now presentedto Pa~iament for information.(HUGH SMALL)Minister of Youth andSports,7th March, 1977.MYS 13/8511#'1O;:T"'TUTENc~' I 01... REFOF JAMAICA ~ERI:NCE UBRARI'

APPENDIX IAUDITED ACCOUNTSof theAPPRENTICESHIP BOARDCOMPULSORY SAVINGS FUNDfor the Financial Year1972/73(THE APPRENTICESHIP LAW, 1954, SECTION 5(1)(;»

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