Q 38
Table XI.
The Lugard Scholarship.
Income and Expenditure Account for the year
ending 31st December, 1920.
Expenditure.
$ C.
Income.
c.
To Scholarships
375.00 By Balance from 1919
1,554.95
Balance, Cash at
""
Bank
1,687.76
Interest on Dividends
480.00
Interest on Current Account
27.81
$2,062.76
$2,062.76
Balance Sheet, 31st December, 1920.
Liabilities.
$ C.
Assets.
A C.
Capital
(Scholarship Fund.)
9,687.76 Debentures, (in custody
of Hongkong &
Shanghai Bank)... 8,000.00
Cash at Bank
1,687.76
$9,687.76
$9,687.76
E. RALPHS,
Inspector of English Schools.