109
LIABILITIES.
CAPITAL ACCOUNTS:-
GENERAL ENDOWMENT FUND:-
GOLD
SILVER
CHATER ENDOWMENT FUND
SPECIAL ENDOWMENT FUNDS:-
CHAIR OF SURGERY
CHAIR OF MEDICINE
BALANCE
University of Hong Kong.
SHEET AS A 31ST DECEMBER, 1928.
$
$
G.
ASSETS.
C.
5
C.
£30,000
296,907 22 2.106.905 61
250,000
00 2.653.812 83
CASH IN HAND AND WITH BANKERS ON CURRENT AND DEPOSIT ACCOUNTS.
INVESTMENTS IN GOLD SECURITIES AT MARKET VALUES:-
186,793
20
£3,150 5% WAR LOAN 1929/47
250.000 00
00 250,000 250,000 00
£25,200 5% CHINESE REORGANISATION LOAN 1913 - £35,000 JAPANESE GOVERNMENT 6% LOAN 1924 £30,000 Taikoo DoCKYARD & ENGINEERING CO. OF HONG
DEBENTURES.
32,192 165,852 37 329,072
16
KONG LTD. 5%
+30
44
296,907
22
824.024 19
CHAIR OF OBSTETRICS
JOHN SWIRE & SONS LTD. BENEFACTION
Kwok CHUNG YEUNG FUND FOR TEACHING CHINESE +
HO KAM TONG SCHOOL OF TROPICAL MEDICINE
CHAN KAI MING SCHOOL OF PATHOLOGY
HO FOOK SCHOOL OF PHYSIOLOGY
Ho Fook & CHAN KAI MING SCHOLARSHIP FUND
HO TUNG WORKSHOP FUND (BALANCE)
JORDAN SCHOLARSHIP FUND
JORDAN MEMORIAL LIBRARY FUND
UNIVERSITY UNION
ATHLETIC ENDOWMENT FUND
SCHOOL OF CHINESE STUDIES
LOKE YEW SINKING FUND
LOAN FROM THE LATE LOKE YEW C.M.G.
SUPERANNUATION FUND:~
GOLD
SILVER
100.000 00
35,000 00
17.000 00
17.000 00
1.164 40
31,175 26
15.637 14
6,199 90
8,000 00
18,000 00 500 00
231.434 65
1,229,111 35
£23,833.7.6
235.876 69 20,930 08
256,806 77
UNEXPENDED BALANCES OF INCOME OF SPECIAL FUNDS:--
CHINESE CHAMBER OF COMMERCE SCHOLARSHIP.
JORDAN MEMORIAL LIBRARY FUND -
CHAIR OF MEDICINE.
CHAIR OF OBSTETRICS
HO KAM TONG SCHOOL OF TROPICAL MEDICINE
JOHN SWIRE & SONS LTD. BENEFACTION
JORDAN SCHOLARSHIP
Ho Fook & CHAN KAI MING SCHOLARSHIP
FUNG PING SHAN DONATION
TENNIS COURT REPAIRS FUND
CHINESE LANGUAGE SCHOOL
SUNDRY CREDITORS:—
CAUTION MONEY
CLERKS' GUARANTEE FUND SECURITY DEPOSIT SUNDRY
INCOME & EXPENDITURE ACCOUNT:—
BALANCE AS AT 31ST DECEMBER, 1927
234 35
3.942 62
28,458 04 14,665 19
5.092 12 16,217 32 2,606 90
1.732
77
360 34
291 30
44 39
10.499
1,500
86
90
34,461 35
ADD INCOME IN EXCESS OF EXPENDITURE FOR THE YEAR ENDED 31ST DECEM
BER, 1928
31,522
19.937
TRANSFERRED FROM SUPERANNUATION FUND
LESS CAPITAL EXPENDITURE DURING THE YEAR WRITTEN OFF.
8 8*
03
14,413 18
INVESTMENTS IN SILVER SECURITIES AT MARKET VALUES;—
$125,000 HONG KONG GOVERNMENT 6% PUBLIC WORKS LOAN 1927 AND 1928 TLS. 260,000 8% SHANGHAI MUNICIPAL COUNCIL DEBENTURES AT EXCHANGE
78 5/16-
131,250
323,703
TLS. 190.000 8% SHANGHAI FRENCH MUNICIPAL COUNCIL DEBENTURES AT EX-
CHANGE 78 5/16 -
MORTGAGES IN HONG KONG.
MORTGAGES IN SHANGHAI TLS, 510.000 AT EXCHANGE 78 5/16
230,486 2,095,500 651,237
8 = 888
00
03 3.432.176
96
243,880 64
500,000
8
INVESTMENT OF FUND FOR SCHOOL OF CHINESE STUDIES:-
CASH WITH BANKERS ON CURRENT AND DEPOSIT ACCOUNTS
SUNDRY DEBTORS:-
MORTGAGE INTEREST LESS SUNDRIES LESS RESERVE
RESERVE
HONGKONG & SHANGHAI BANKING CORPORATION:-
SUPERANNUATION ACCOUNT
SUPERANNUATION CHARGES ON INSURANCE POLICY.
BOOKSTORE STOCKS & GOODS IN TRANSIT &C:-
231,434 65
33.548 64.484
+5
15
46
98,032
61
£23.440.4.6
- £393.3.0
231,985 73 3.890 96
235,876 69
73.645 34
ESTIMATED VALUE OF STOCKS ON HAND AT 31ST DECEMBER, 1928. LIBRARY & BOOKSTORE GOODS IN TRANSIT
22.818 87 1.902 55
24.721 42
INVESTMENT FLUCTUATION ACCOUNT
46,461 25
65,872 21
1.521 10
64.351 11
$5.068,069 29
LAND, BUILDINGS & EQUIPMENT ACCOUNT:-
WE REPORT THAT WE HAVE AUDITED THE ABOVE BALANCE SHEET WITH THE BOOKS AND VOUCHERS OF THE UNIVERSITY OF HONG KONG, AND HAVE OBTAINED ALL THE INFORMATION AND EXPLANATIONS WE HAVE REQUIRED. WE HAVE SEEN ACKNOWLEDGMENTS FROM THE LONDON AND SHANGHAI BRANCHES OF THE HONG KONG AND SHANGHAI BANKING CORPORATION FOR SECURITIES HELD BY THEM IN LONDON AND SHANGHAI RESPECTIVELY. IN OUR OPINION THE ABOVE BALANCE SHEET IS PROPERLY DRAWN UP SO AS TO EXHIBIT A TRUE AND CORRECT VIEW OF THE STATE OF THE UNIVERSITY'S AFFAIRS ACCORDING TO THE BEST OF OUR INFORMATION AND THE EXPLANA TEONS GIVEN TO US AND AS SHOWN BY THE BOOKS OF THE UNIVERSITY.
COST OF LAND AND BUILDINGS AS AT 31ST DECEMBER, 1927 ADDED DURING THE YEAR ENDED 31ST DECEMBER, 1928
STERLING EXCHANGE TAKEN AT 2/4.
W. W. HORNELL.
VIGE CHANCELLOR,
HONGKONG, 5TH APRIL, 1929.
THOMSON & CO.. CHARTERED ACCOUNTANTS,
AUDITORS.
35,009 57
$5.068.069 29
1.372,333.93
1,521.10
$1,373,855.03
W. B. FINNIGAN.
REGISTRAR.
PERCY SMITH, SETH & FLEMING.
ACCOUNTANTS.
110