# Table XV.
## QUEEN'S COLLEGE
### The "HO" Scholarships
(Comprising Wright, A. J. May, Ho Tung, Ho Kam-tong and Ho Fook Scholarships)
## Income and Expenditure Account for the year ending December 31, 1926.
| Expenditure | $ c. | Income | $ C. |
| --- | --- | --- | --- |
| To Scholarships | 340.00 | By Balance from 1925. | 1,875.82 |
| Balance (Cash at Bank) | 2,093.40 | Quarterly cheques from Messrs. Linstead and Davis | 520.82 |
| | | Bank Interest | 36.76 |
| $2,433.40 | | $2,433.40 |
## Balance Sheet, December 31, 1926.
| Liabilities. | $ c. | Assets. | $ c. |
| --- | --- | --- | --- |
| Capital | 9,093.40 | By $7,000 invested in Mortgages by Messrs. Linstead and Davis | 7,000.00 |
| | | Cash at Bank | 2,093.40 |
| $9,093.40 | | $9,093.40 |
E. RALPHS, Inspector of English Schools.