Table XI.
The Lugard Scholarship.
Income and Expenditure Account for the year ending 31st December, 1921.
Expenditure.
$ c.
To Scholarships 375.00
Income.
$ C.
By Balance from 1920 1,687.76
Balance, Cash at Bank 1,824.22
$2,199.22 $2,199.22
Interest on Dividends 480.00
Interest on Current Account ... 31.46
Balance Sheet, 31st December, 1921.
Liabilities.
$ $ C.
Assets.
$ C.
Capital 9,824.22 (Scholarship Fund.)
Debentures, (in custody of Hongkong & Shanghai Bank) 8,000.00
Cash at Bank 1,824.22
$9,824.22 $9,824.22
E. RALPHS,
Inspector of English Schools.