The financial statements were approved by the Council on 24 March 2003 and signed on its behalf by:

HON TREASURER

PRESIDENT

STATEMENT OF RECOGNISED GAINS AND LOSSES FOR THE YEAR ENDED 31 DECEMBER 2002

2002 2001 HK$ HK$ Loss recognised on revaluation of investments in securities not recognised in the income and expenditure account (28,800) (23,255) Retained surplus/ (deficit) for the year 3,974 (12,193) Total recognised losses (24,826) (35,448)

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