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# Table XI
## THE LUGARD SCHOLARSHIP.
Income and Expenditure Account for the year ending 31st December, 1926.
Income $ c. Expenditure $ C. To Balance from 1925. 949 05 By Scholarships 420 00 Income from Investments 490 00 Cheque Book 2 50 Interest on Current Account 15 28 $1,454.33 $1,454.33## Balance Sheet, 31st December, 1926.
Liabilities. $ € Assets. $ Capital 10,531 83 On Fixed Deposit with Hong Kong & Shanghai Bank $10,531.83 Hong Kong War Loan Bonds (in custody of Hong Kong and Shanghai Bank) 1,500.00 Cash at Bank, in Current Account 1,031.83 $10,531.83E. RALPHS,
Inspector of English Schools.