(B) PROFITEERING CASES
1.
2.
3.
Raise the price of school exercise books, English Dictionaries, logarithm tables, school badge, Chinese characters booklets, HKCEE curiculum, etc.
Falsely stated numbers of students taking the "student meal" and asking commission from the company in charge of the meals.
Advance the income rents from the canteen & company in charge of meals into the account of the convent.
(C)
2.
STUDENTS' PAYMENT BEING ILLEGALLY TAKEN
Every school year unreasonably to pay various domestic fees, to pay various domestic fees, examination fees and lecture note-fee etc., and advance the income into the account of the convent.
27,000-
9,000-
33,000-
Total of B. 69,000-
80,000-
Illegally taken the money paid by students for buying E.P.A., Geog., and Chinese textbooks.
7,000-
3.
Advance the money paid as registration fees into the account of the convent.
24,000-
Total of C 111,000-
(D) FAUDULENCE IN USING GOVERNMENT SUBSIDIZING ALLOWANCE
1.
Using Govt. grants and allowance, buy and sell stationery in the school to gain profits.
2.
Principal using the Govt. grants & allowance for personal purposes
22,000-
(hard to
estimate)
Total of D.
22,000-
The forementioned cases are evidences of financial mismanagement to the best of our knowledge and are under conservatively estimation only. All these evi- dence led to a total amount of HK$298,000
*This is a summary of the detailed report submitted to the Education Deparment by the teachers on April 22, 1977.