AnnualReport-1918

# Table XI.

The Lugard Scholarship.

Income and Expenditure Account for the year ending 31st December, 1918.

Expenditure. $ c. Income. $ c. To Scholarships. 330 00 By Balance from 1917 990 35 Messrs. Noronha, Printing Certificates 6 00 Interest on Dividends 720 00 Balance, Cash at Bank 1,394 44 Interest on Current Account 20 09 $1,730 44 $1,730 44

Balance Sheet, 31st December, 1918.

Liabilities. $ c. Assets. $ c. Capital (Scholarship Fund) 9,344 44 Debentures, (in safe custody of Bank) 8,000 00 Cash at Bank 1,394 44 $9,344 44 $9,394 44

E. RALPHS,

Inspector of English Schools.