# Table IX.
## THE LUGARD SCHOLARSHIP.
Income and Expenditure Account for the year ending 31st December, 1927.
Income. $ c. Expenditure. $ c. To Balance from 1926. 1,031 83 By Scholarships 405 00 Income from Investments 490 00 Interest on Current Account 14 17 Balance, Cash at Bank 631 00 Investment in H.K. Public Works Loan 500 00 $1,536.00 $1,536.00## Liabilities.
## Capital
## Balance Sheet, 31st December, 1927.
$ c. Assets. $ c. 10,631.00 Fixed Deposit with Hong Kong & Shanghai Bank (1) 8,000 00 Hong Kong War Loan bonds, in custody of Hong Kong and Shanghai Bank (2) 1,500 00 Investment in H.K. Public Works Loan 500 00 Cash at H.K. & Shanghai Bank Cash at Bank in Current Account 631 00 $10,631.00 $10,631.00(1) Invested in Hong Kong Government Public Works loan. Cash at Shanghai Bank.
(2) 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.
O 39
Table IX.
THE LUGARD SCHOLARSHIP.
Income and Expenditure Account for the year ending 31st December, 1927.
Income.
$ c.
Expenditure.
$
c.
To Balance from 1926.
1,031.83
By Scholarships
405.00
Income from In-
Investment
in
31
vestments
490.00
Public Works
Interest on Cur-
Loan
500.00
rent Account
14.17
Balance, Cash at
Bank
631.00
$1,536.00
$1,536.00
Liabilities.
Capital
Balance Sheet, 31st December, 1927.
$
C.
10,631.00 On
Assets.
Fixed Deposit with Hong Kong &
C.
Shanghai Bank (1). 8,000.00
Hong Kong War Loan
bonds, in custody
of Hong Kong and
Shanghai Bank (2). 1,500.00
Investment in H.K.
Public Works Loan,
Cash at H.K. &
$10,631.00
Shanghai Bank
500.00
Cash at Bank in Cur-
rent Account
631.00
$10,631.00
(1) Invested in Hong Kong Government Public Works loan.
Cash at Shanghai Bank.
(2) 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.
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