1976
LIABILITIES
Accumulated Funds
THE ROYAL ASIATIC SOCIETY
HONG KONG BRANCH
BALANCE SHEET AT 31ST DECEMBER 1977
HK$
1976
ASSETS
$100,503
Balance at 1st January 1977
$55,975
$97,541.53
2,962
Less: Excess of Expenditure over
Income in 1977
2,808.12
1,440
Quoted Investments (see note 2 below)
Cost at 1st January 1977 ... Add: Purchase of Rights Shares Hong Kong Electric Co., Ltd.
HK$
$57,415.09
$57,415
$57,415.09
$97,541
24,000 Sundry Creditors-Printing charges
Balance of Accumulated Funds at
31st December 1977
$94,733.41
Balance at Banks
25,000.00
62,086
2,040
Fixed Deposits Current Account
$57,409.60
$121,541
$119,733.41
$121,541
4,908.72 62,318.32
$119,733.41
NOTE: 1. Incomes from Subscription are accounted for on cash basis.
2. Quoted Investments held at 31st December 1977.
£700 Stock 6% Commonwealth of Australia 1977/78
1,114 Shares China Light & Power Co., Ltd.
10,080 Shares Hong Kong Electric Co., Ltd.
2,750 'A' Shares Lane Crawford Ltd.
34,650 'B' Shares Lane Crawford Ltd.
Cost Market Value HK$11,488.38 HK$5,667.20 5,961.17 22,168.60 15,126.80 50,400.00 8,638.74 12,925.00 16,200.00 18,018.00 HK$57,415.09 HK$109,178.80