XV
1985
H.K. Currency
ROYAL ASIATIC SOCIETY
HONG KONG BRANCH
BALANCE SHEET AT 31ST DECEMBER 1986
LIABILITIES
Accumulated Fund
$192,131 Balance as at 1st January, 1986 $158,173.77 Less: Excess of Expenditure over Income in 1986 33,957.15 $158,173.77 Balance as at 31st December 1986 $158,174.62 Sundry Creditor 3,758.15 $233,174.00ASSETS
$ 87,358 Listed Investments, at cost $ 87,357.60 123,926.21 Accounts Receivable 34,247.56 75,000.00 Printing Charges for Journal 75,000.00 107,810.46 Fixed Deposits 100,000.00 7,810.46 Current Account 7,810.46 $198,926.21 Balance at Bank $198,926.21 $233,174.00 $233,174.00D.A. Gilkes
Honorary Treasurer
Notes: (1) Listed investments at 31st December 1986:
760 shares Hang Seng Bank Limited
4,620 shares Hong Kong Electric (Holdings) Company Limited
4,065 shares Hongkong & Shanghai Banking Corporation
Cost Market Value $34,272.00 $31,540.00 24,192.00 60,060.00 28,893.60 37,601.25 $87,357.60 $129,201.25(2) Subscription and interest incomes are accounted for on cash basis.
HONG KONG BRANCH
REPORT OF THE HONORARY AUDITORS TO THE MEMBERS OF ROYAL ASIATIC SOCIETY
We have audited the above financial statements 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 1986 and of its income and expenditure for the year then ended.
Dated: 18th March, 1987.
Kwan Wong Tan & Fong
Certified Public Accountants
Honorary Auditors