Table IX.
The Lugard Scholarship.
Income and Expenditure Account for the year ending 31st December, 1923.
Income. $ C. Expenditure. $ C. To Balance from 1922 516 44 By Scholarships 360 00 Income from Investments 240 00 Stationery 7 54 Interest on Current Account 151 99 Balance, Cash at Bank 540 89 908 43 908 43
Balance Sheet, 31st December, 1923.
Liabilities. $ C. Assets. $ C. Capital 908 43 On Fixed Deposit with Hongkong & Shanghai Bank 8,000 00 Hongkong War Loan Bonds (in custody of Hongkong and Shanghai Bank) 1,500 00 Cash at Bank, in Current Account 540 89 908 43 10,040 89E. RALPHS,
Inspector of English Schools.