RAS-1991

# ROYAL ASIATIC SOCIETY HONG KONG

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# NOTES TO THE ACCOUNTS

YEAR ENDED 31ST DECEMBER 1991

## 2. LISTED INVESTMENTS

The Society's listed investments are stated at cost and comprise the following:

1991 1990 HK$ HK$ 4,620 shares in Cavendish International Holdings Ltd. 9,365 9,365 2,462 shares in Hang Seng Bank Ltd. 34,272 34,272 1,690 shares in HSBC Holdings PLC. 32,450 32,450 5,082 shares in Hong Kong Electric (Holdings) Co Ltd. 14,827 14,827 90,914 90,914

The market value at the balance sheet date was HK$241,229 (1990: HK$145,649).

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