estimated lives of four years.
(2) INVESTMENTS
Investments are held for long term and are stated at cost. Provision against cost is made only where there has been a permanent diminution in value.
1996 1995
HK$ HK$
Unlisted unit trust investments, at cost 530,150 530,150 Value at 31 December 258,411 381,376(3) APPROVAL OF ACCOUNTS
The accounts on pages 3 to 5 were approved by the Council on 17 February 1997.
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