AnnualReport-1920

# Table XII.

"Ho Kom-tong" and "Ralphs" Scholarships.

SAIYINGPUN SCHOOL.

Income and Expenditure Account for 9 months ending 31st December, 1920.

Expenditure. $ c. Income. $ c. To Scholarships 90 00 By Balance from 1919 58 75 Balance, Cash at Bank 28 75 Interest on $1,000 Hongkong Government War Loan 60 00 90 00 147 50

Balance Sheet, 31st December, 1920.

Liabilities. $ c. Assets. $ c. To Capital (Scholarship Fund) 1,028 75 $1,000 6% War Loan Bonds (in custody of Hongkong & Shanghai Bank) 1,000 00 Cash at Bank 28 75 1,028 75 1,028 75

E. RALPHS,

Inspector of English Schools.