APPROPRIATION FOR VOID MONEY AND POSTAL ORDERS.
An Coiste um Chuntais Phoiblí.
During my examination by the Committee of Public Accounts on 15th December, 1960, I undertook to furnish information as to how the estimated and realised amounts of the Appropriations in Aid of the Vote arising from void money orders and postal orders came to be exactly the same.
The appropriation is based on the assumption that money or postal orders not presented for payment by the end of three complete years after the year of issue will not be presented and the amount is calculated on a percentage of the value of the orders issued three years before the year of account. The amount is therefore known when the Estimate is being prepared. Prior to 1959-60, it had been the practice to estimate the amount to the nearest £100 and to appropriate to the nearest £1, but, in that year, it was decided to appropriate also to the nearest £100.
(Sínithe) L. Ó BROIN,
An Roinn Poist agus Telegrafa.
11 Eanáir, 1961.