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# ROYAL ASIATIC SOCIETY — HONG KONG BRANCH
## BALANCE SHEET AT 31ST DECEMBER, 1982
### LIABILITIES
1982 1981 Accumulated Funds $242,461 HK$ Excess of Expenditure over Income in 1981 (8,997) Balance as at 1st January, 1982 $233,464.15 233,464 Sundry Creditor Printing Charges for Journal, 38,000 49,000.00 23,790 28,894### ASSETS
HK$ Quoted Investment Cost at 1st January, 1982 230,476.72 Add: Purchase of Shares: 24,191 34,271 (2,987.43) 254,680.29 Hang Seng Bank Ltd. 111,147.60 Hong Kong Electric (Holdings) Co. Ltd. Hongkong & Shanghai Banking Corporation 111,147.60 J1,148 Balance at Bank Fixed Deposits. 165,000.00 Current Account 3,329.12 168,329.12 $279,476.72 $271,464 $279,476.72### Notes:
(1) Quoted investments at 31st December, 1982:
Cost Market Value 375 shares Hang Seng Bank Limited $34,272.00 $13,312.50 4,200 shares Hong Kong Electric (Holdings) Company Limited 19,320.00 2,240 shares Hongkong & Shanghai Banking Corporation 24,192.00 17,136.00 2,500 shares Hong Kong Land Company Limited 28,893.60 9,562.50 23,790.00 $111,147.60 $59,331.00All quoted investments are stated at cost, and no provision for diminution in value has been made in the accounts.
(2) Subscription and interest incomes are accounted for on cash basis.
## 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, 1982 and of its income and expenditure for the year ended on that date.
Kwan Wong Tan & Fong
Hon. Auditors
Chartered Accountants
Certified Public Accountants, Hong Kong
Dated: 21st April, 1983.