# Table IX.
"Ho-Dealy-Ralphs" Scholarships.
Income and Expenditure Account for 9 months ending 31st December, 1921.
Expenditure.
To Scholarships
Balance, Cash at Bank 114.41
Liabilities.
To Capital
$ c.
Income.
$ c.
250.00
By Balance from 1920 175.01
Interest on £500, 6% Exchequer Bonds to April 1st
86.27
Interest to June 1st
103.13
$364.41
$364.41
Balance Sheet, 31st December, 1921.
$ c.
3,969.83
Assets.
£500 in 6% Exchequer Bonds, (held by the Hongkong and Shanghai Bank, London) at 2/71 (exch. rate on December 31st 1921)
c.
3,855.42
$3,969.83
Cash at Bank
114.41
$3,969.83
E. RALPHS,
Inspector of English Schools.