O 50
Table IX.
The Lugard Scholarship.
Income and Expenditure Account for the year ending 31st December, 1922.
$ $ Expenditure. Income. To Scholarships 330.00 By Balance from 1921 1,824.22 Income from Investments 1,500 Shares H.K. 6% War Loan...... 1,510.50 "" "" Balance, Cash at Bank 480.00 "" 516.44 Interest on Current Account • 52.72 330.00 $2,356.94Balance Sheet, 31st December, 1922.
$ $ Liabilities. Assets. c. C. Capital 10,026.94 Debentures, (in custody of Hongkong & Shanghai Bank)... 8,000.00 (Scholarship Fund.) $10,026.94 1,500 Shares H.K. War Loan 1,510.50 Cash at Bank 516.41 $10,026.94 $2,356.94E. RALPHS,
Inspector of English Schools.