Table XI.
QUEEN'S COLLEGE.
'Ho-Dealy-Ralphs" Scholarships.
(Comprising Ho Wing, Ho Iu, Ho Kwong, Dealy, Ralphs, Scholarships)
Income and Expenditure account for the year ending December, 1922.
Expenditure.
To Scholarships.
$225.00
Income.
By Balance from 1921
114.41
Interest on £550,
5% War Loan to 1. 12. 21.
103.94
Cash (June 3rd)
6.65
Interest to 1, 6. 22
104.97
$329.97
Balance, Cash at Bank
104.97
$329.97
Balance Sheet, 1st December, 1922.
Liabilities.
$
Assets.
To Capital.
$4,262.45
$4,262.45
£550 in 5% War Loan 1929/1949 (held by the Hongkong and Shanghai Bank, London) at 2/73 (exch. rate on December 31st, 1922)
4,157.48
Cash at Bank
104.97
$4,262.45
E. RALPHS,
Inspector of English Schools.