presentation of information in the financial statements. We believe that our audit provides a reasonable basis for our opinion.

OPINION

In our opinion the financial statements give a true and fair view, in all material respects, of the state of the Society's affairs as at 31 December 1996 and of its surplus for the year then ended.

KWAN WONG TAN & FONG Certified Public Accountants

17 February 1997 Hong Kong

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