O 49

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.

To Scholarships

Balance (Cash at

Bank)

2,093.40'

Income

$ C.

340.00 By Balance from 1925. 1,875.82

Quarterly cheques

$2,433.40,

from

Messrs.

Linstead

and

Davis

520.82

Bank Interest

36.76

27

$2,433.40

Balance Sheet, December 31, 1926.

Liabilities.

$ c.

Capital

Assets.

$ c.

9,093.40 By $7,000 invested in

Mortgages

by

Messrs. Linstead

i

and Davis

7,000.00

Cash at Bank

2.098.40

$9,093.40

$9,093.40

E. RALPHS,

Inspector of English Schools.