# Table VIII.
"Ho-Dealy-Ralphs" Scholarships.
Income and Expenditure Account for 9 months ending 31st December, 1919.
Expenditure. $ c. Income. $ c. To Scholarships.... By Balance from 1918 213.87 Interest on £500, 6% Exchequer Bonds to April 18th..... 89.44 Donation, Mr. Ho Wing 36.13 Interest to Oct. 1st 71.28 250.00 Balance, Cash at Bank 160.72 $410.72 $410.72
Balance Sheet, 31st December, 1919.
Liabilities. $ C. Assets. $ c. To Capital (Scholarship Fund.) 2,597.27 £500 in 6% Exchequer Bonds, (held by the Hongkong and Shanghai Bank, London) at 4/117 (exch. rate on December 31st 1919) 2,436.55 Cash at Bank 160.72 $2,597.27 $2,597.27 $2,597.27E. RALPHS,
Inspector of English Schools.