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Table XVI.

QUEEN'S COLLEGE

Machell Memorial Prize

Income and Expenditure Account for the year ending December 31, 1926.

Expenditure Income To Value of Prize $20.00 By Interest on $550 fixed deposit @ 4½%. $24.75 Credit Balance at Bank. $4.92 Interest to date $0.17 $24.92 $24.92 $24.92

Balance Sheet, 31st December, 1926.

Liabilities. Assets. Capital $554.92 $550 fixed deposit with The H.K. & S'hai Bank $550.00 Cash in Bank $4.92 $554.92 $554.92

E. RALPHS,

Inspector of English Schools.

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