Table XI.
The Lugard Scholarships.
Income and Expenditure Account for year ended 31st December, 1916.
Expenditure.
$ c.
To Debentures, bought through Messrs. Moxon and Taylor,
2,512 50
Scholarships,
345.00
Debentures, redeemed by H.K. Hotel,
2,501.23
Balance, Cash at Bank,
1,001.86
Interest,
494.18
$3,859.36
Income.
$ c.
By Balance from 1915,
863.93
$3,859.36
Balance Sheet, 31st December, 1916.
Liabilities.
$ c.
Assets.
$ c.
Capital, (Scholarship Fund)
9,001.86
Debentures, (in safe custody of Bank),
8,000.00
Cash at Bank,
1,001.86
$9,001.86
$9,001.86
E. RALPHS,
Inspector of English Schools.
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