# HON. TREASURER'S REPORT
## INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED
### 31st December, 1961
| EXPENDITURE | | INCOME | |
|-------------------------|----------|---------------------------------|----------|
| Printing & Stationery | 3,230.00 | Annual Membership Fees | 4,133.32 |
| Postages & Petty Expenses | 342.50 | for 1961 | |
| Receipt Stamps | 33.05 | Annual Membership Fees for 1962 | |
| Lecture Expenses | 213.75 | paid in 1961 | 61.44 |
| Cost of Journal | 3,881.80 | Life Membership Fees | 1,500.00 |
| | | Interest on Deposit | 23.49 |
| | | Surplus, Excess of Income | |
| | | over Expenditure | 2,265.61 |
| | | Income from Investments | 977.96 |
| | | Sales of Journals and Articles | 270.50 |
| **Total** | **$8,701.10** | **Total** | **$6,966.71 + 2,265.61 = $9,232.32** (Corrected to match original)
Actually it should be $8,701.10 | $8,701.10 |
$ 6,966.71 $ 6,966.71
## BALANCE SHEET AS AT 31ST DECEMBER, 1961
| LIABILITIES | | ASSETS | | |----------------------------------------------|----------|---------------------------------------------|----------| | Surplus 31st December, 1960 | 18,861.83| Investments, at cost | 16,247.25| | Excess of Income over Expenditure for year | | (Market Value $19,040) | | | ended 31st December, 1961 | 2,265.61 | Cash at Bank | 4,790.94 | | | | Cash in Hand | 89.25 | | **Total** | **$21,127.44** | **Total** | **$21,127.44** |
### INVESTMENTS
40 Shares H. & S. B. C., London Register @ £18 £500 6% Commonwealth of Australia 1977/80 @ 94 = £720.0.0.
£500 6% Commonwealth of Australia 1977/80 @ 94 = £470.0.0.
£1,190.0.0. @ /3 = $19,040.00
(Signed) A. M. MACK, Hon. Auditor.
(Signed) T. J. Lindsay, Hon. Treasurer,
Hong Kong, 8th January, 1962.
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