INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST December, 1979
1978 1978
H.K. Currency H.K. Currency
$ 15,300 Journal and other Publications $ 15,380.00
Activity Expenses (Annual General Meeting, Dinner, Symposium and $ 1,040 Life Memberships 500.00
19,314 Annual Memberships 19,130.96
6,458 Sales of Publications 2,920.00
Outings) 5,486.00 8,799.85
++ ---
6,600 Secretarial Assistance 6,000.00
2,400 Receipts from Members for Activities 5,550.00
1,064 Office Equipment 1,603.00
Bank Interest Received 2,251.40
762 Purchase of Books 1,861.95
5,796 Dividends Received 8,490.19
LLI JL
Sundry Expenses (Printing, Stationery, 403 Sundry Receipts 536.80
LLL 9,254 Postage, etc.) 7,017.70
Tours: Amount received 4,060 Annual Subscription to Hong Kong Arts Centre 4,060.00
3,420 Rent for Library in Hong Kong Arts Centre 3,000.00
from members Amount paid out $217,693.00 217,693.00
--- (6,366)
Balance, being surplus of Income over Expenditure transferred to Accumulated Funds ++ 2,453.55
$ 37,014 $ 45,259.20
$ 37,014 $ 45,259.20
REPORT OF THE HON. AUDITORS TO THE MEMBERS OF ROYAL ASIATIC SOCIETY, HONG KONG BRANCH
In our opinion, the above Balance Sheet is properly drawn up so as to exhibit a true and fair view of the Society's affairs at 31st December, 1979 and of its income and expenditure for the year ended on that date.
17th March, 1980.
KWAN WONG TAN & FONG
Hon. Auditors.
Chartered Accountants, Certified Public Accountants, Hong Kong