AnnualReport-1927

Table XIX.

"Ho Tung Outlying School Scholarships".

Income and Expenditure Account for the year ending 31st December, 1927.

Income. $ C. Expenditure. $ C. To Balance from 1926. 79.55 By Scholarships ..... 44.00 Interest on £1,000 6% War Loan .. 62.00 Balance (Cash at Bank) 97.55 $141.55 $141.55

Balance Sheet, 31st December, 1927.

Liabilities. $ C. Assets. $ C. To Capital 1,097.55 $1,000 in 6% War Loan (Held by the Hong Kong and Shanghai Bank)* 1,000.00 Cash at Bank 97.55 $1,097.55 $1,097.55

*These bonds were drawn during the year and the proceeds, $1,000 were re-invested in the Hong Kong Government Public Works Loan.

E. RALPHS,

Inspector of English Schools.