xvii
1984
LIABILITIES
Accumulated Fund
$31,362
Balance as at 1st January, 1985 Less Loss on 2,500 shares of
$192,130.57
ROYAL ASIATIC SOCIETY
HONG KONG BRANCH BALANCE SHEET AT 31ST DECEMBER 1985
H.K. Currency
1984
ASSETS
SH148 Listed Investments, at cost
Less 2,500 shares of Hong Kong Land Co., Ltd.
H.K. Currency
$ 87,357.60
23 "90
Hong Kong Land
14,393
Co., Ltd.
8,358
24,292
Less: Excess of Expenditure over Income in 1985
Balance at Bank
33,956.80
145,000
13,733
Fixed Deposits Current Account
$145,000.00
816.17
145,816.17
192,737
Balance as at 31st December, 1985 Sundry Creditor
138,173.77
Pracing
54,000
Charges for Journal
$246,131
15,000.00
$233,173.77
$246,131
$233,173.77
D.A. Gilkes
Honorary Treasurer
Notes: (1) Listed investments at 31st December 1985:
634 shares Hang Seng Bank Limited
4,620 shares Hong Kong Electric (Holdings) Company Limited
3,388 shares Hongkong & Shanghai Banking Corporation
(2) Subscription and interest incomes are accounted for on cash basis.
Cost Market Value
$34,272.00 $29,164.00
24,192.00 39,270.00
28,893.60 26,087.60
$87,357.60 $94,521.60
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 1985 and of its income and expenditure for the year then ended.
Dated: 24th February, 1986.
WR510(A05-3)
Kwan Wong Tan & Fong
Honorary Auditors Chartered Accountants Certified Public Accountant, Hong Kong