RAS-1981

$270,461

D.A. Gikes

Hon. Treasurer

BALANCE SHEET AT 31ST DECEMBER 1981 (CONT'D)

$256,021

$12,292

Balance at Banks and Registered Deposit Taking Company

Fixed Deposits $135,750.08 Deposits at Call $271,464.15

$2,148 $270,461

Current Account 4,566.47

...160,316.55

$271,464.15

Notes. (1) Quoted investments at 31st December 1981

300 shares Hang Seng Bank Limited

4,200 shares Hong Kong Electric (Holdings) Co. Ltd.

1,680 shares Hong Kong & Shanghai Banking Corporation

2,500 shares Hong Kong Land Co. Ltd

(2) Incomes from subscription are accounted for on cash basis

Cost Market Value $34,272.00 $37,200.00 $24,192.00 $22,470.00 $28,893.60 $24,360.00 $23,790.00 $23,625.00 $111,147.60 $107,655.00

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 1981 and of its Income and expenditure for the year ended on that date.

Dated: 29th March, 1982.

KWAN WONG TAN & FONG

Hon. Auditors

Chartered Accountants Certified Public Accountants, Hong Kong