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ROYAL ASIATIC SOCIETY
HONG KONG BRANCH
BALANCE SHEET AT 31ST DECEMBER 1984
1983
LIABILITIES
Accumulated Fund $230,477 Balance as at 1st January, 1984 Less: Loss on 2,500 shares of Hong Kong Land H.K. Currency 1983 ASSETS $3171,148 $231,362.15 Listed Investments, at cost $111,140.00 H.K. Currency Co., Ltd. Cost 13,790.00 Sale 8,850.80 14,939.20 Less: 2,500 shares of Hong Kong Land Co., Ltd. 23,790.00 $87,357.60 Less. Excess of Expenditure over Income in 1984 885 24,192.38 231,367 Balance as al 775,000 Balance at Bank Fixed Deposits $145,000.00 31st December 1984 192,130.57 Sundry Creditor Printing Charges 4,274 Current Account 13,772.97 158,772.97 59,000 for Journal $290,362 54,000.00 $246,130.57 $3790.362 $246,130.57D.A. Gilkes Honorary Treasurer
Notes: (1) Listed investments at 31st December 1984;
577 shares Hang Seng Bank Limited Cost $34,272.00 Market Value $524,234.00 4,620 shares Hong Kong Electric (Holdings) Company Limited 24,192.00 30,954.00 3,080 shares Hongkong & Shanghai Banking Corporation 28,893.60 24,486.00 $87,357.60 $79,674.00All listed 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 HONORARY AUDITORS TO THE MEMBERS OF ROYAL ASIATIC SOCIETY - HONG KONG BRANCH We have audited the above financial statement in accordance with approved Auditing Standards.
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 1984 and of its income and expenditure for the year then ended.
Dated: 6th March, 1985. WR510/A05-3)
Kwan Wong Tan & Fong Honorary Auditors Chartered Accountants Certified Public Accountants, Hong Kong
Note: due to an editorial oversight, Volume 23 contained the accounts of the Society in their "subject to Audit" form rather than in their audited form. The audited accounts for 1983-84 are therefore now given here, with those for 1984/85.