L 4A

LOWE, BINGHAM & MATTHEWS, HONG KONG

3. Trading Stocks $3,366.91

The existence of this item was supported by signed

inventories, the details of which are as follows

Certified by

Kowloon Market $ 887.23

Castle Peak

Tai Po

Fan Ling

1,167.47

499.37

424.53

Chau Nai Shing

Lau Koon Hing

0.C. Fert. Dept.

0.C. Depot

Wong Shui Luen

15

11

11

#1

Tsun Wan

388.25 Tsang Lum

Accountant

4.

$3,366.91

Fixed and Wasting Assets $21,511.35

General Stores and Equipment $2,023.98

Furniture and Fixtures $12,969.07

As reported by us on the 20th August, 1948, we

understood that a perpetual inventory of these assets was

kept by your Storekeeper and that he was unable to verify

the existence of all items by a physical check by the end

of March, 1948. On the 31st March, 1949, we are informed,

an actual physical inventory was made of all items and those

not accounted for, together with a depreciation charge of

20% on all General Stores and Equipment and 10% on Furniture

and Fixtures verified, were written off to the Income and

Expenditure Account.

Details of the certified inventories are as follows:-

General Stores and Equipment $2,023.98

Kowloon Market

$1,355.18

Castle Peak

Tai Po

Fan Ling

Tsun Wan

Certified by

Leung Wing

Asst. Manager

380.00 Lau Koon Hing O.C. Depot

168.80 Wong Shui Luen

警察

64.00

#1

11

#1 #1

#f

56.00 Tsang Lum

Accountant

$ 2,023.98

22

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