CO129-524-2 Hong Kong University- financial position- Chinese studies- future of the Chinese school and the Annual... 27-1-1930 - 12-8-1930 — Page 116

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LIABILITIES.

CAPITAL ACCOUNTS:-

GENERAL ENDOWMENT FUND:-

GOLD

SILVER

CHATER ENDOWMENT FUND

SPECIAL ENDOWMENT FUNDS:-

CHAIR OF SURGERY

CHAIR OF MEDICINE

BALANCE

University of Hong Kong.

SHEET AS A 31ST DECEMBER, 1928.

$

$

G.

ASSETS.

C.

5

C.

£30,000

296,907 22 2.106.905 61

250,000

00 2.653.812 83

CASH IN HAND AND WITH BANKERS ON CURRENT AND DEPOSIT ACCOUNTS.

INVESTMENTS IN GOLD SECURITIES AT MARKET VALUES:-

186,793

20

£3,150 5% WAR LOAN 1929/47

250.000 00

00 250,000 250,000 00

£25,200 5% CHINESE REORGANISATION LOAN 1913 - £35,000 JAPANESE GOVERNMENT 6% LOAN 1924 £30,000 Taikoo DoCKYARD & ENGINEERING CO. OF HONG

DEBENTURES.

32,192 165,852 37 329,072

16

KONG LTD. 5%

+30

44

296,907

22

824.024 19

CHAIR OF OBSTETRICS

JOHN SWIRE & SONS LTD. BENEFACTION

Kwok CHUNG YEUNG FUND FOR TEACHING CHINESE +

HO KAM TONG SCHOOL OF TROPICAL MEDICINE

CHAN KAI MING SCHOOL OF PATHOLOGY

HO FOOK SCHOOL OF PHYSIOLOGY

Ho Fook & CHAN KAI MING SCHOLARSHIP FUND

HO TUNG WORKSHOP FUND (BALANCE)

JORDAN SCHOLARSHIP FUND

JORDAN MEMORIAL LIBRARY FUND

UNIVERSITY UNION

ATHLETIC ENDOWMENT FUND

SCHOOL OF CHINESE STUDIES

LOKE YEW SINKING FUND

LOAN FROM THE LATE LOKE YEW C.M.G.

SUPERANNUATION FUND:~

GOLD

SILVER

100.000 00

35,000 00

17.000 00

17.000 00

1.164 40

31,175 26

15.637 14

6,199 90

8,000 00

18,000 00 500 00

231.434 65

1,229,111 35

£23,833.7.6

235.876 69 20,930 08

256,806 77

UNEXPENDED BALANCES OF INCOME OF SPECIAL FUNDS:--

CHINESE CHAMBER OF COMMERCE SCHOLARSHIP.

JORDAN MEMORIAL LIBRARY FUND -

CHAIR OF MEDICINE.

CHAIR OF OBSTETRICS

HO KAM TONG SCHOOL OF TROPICAL MEDICINE

JOHN SWIRE & SONS LTD. BENEFACTION

JORDAN SCHOLARSHIP

Ho Fook & CHAN KAI MING SCHOLARSHIP

FUNG PING SHAN DONATION

TENNIS COURT REPAIRS FUND

CHINESE LANGUAGE SCHOOL

SUNDRY CREDITORS:—

CAUTION MONEY

CLERKS' GUARANTEE FUND SECURITY DEPOSIT SUNDRY

INCOME & EXPENDITURE ACCOUNT:—

BALANCE AS AT 31ST DECEMBER, 1927

234 35

3.942 62

28,458 04 14,665 19

5.092 12 16,217 32 2,606 90

1.732

77

360 34

291 30

44 39

10.499

1,500

86

90

34,461 35

ADD INCOME IN EXCESS OF EXPENDITURE FOR THE YEAR ENDED 31ST DECEM

BER, 1928

31,522

19.937

TRANSFERRED FROM SUPERANNUATION FUND

LESS CAPITAL EXPENDITURE DURING THE YEAR WRITTEN OFF.

8 8*

03

14,413 18

INVESTMENTS IN SILVER SECURITIES AT MARKET VALUES;—

$125,000 HONG KONG GOVERNMENT 6% PUBLIC WORKS LOAN 1927 AND 1928 TLS. 260,000 8% SHANGHAI MUNICIPAL COUNCIL DEBENTURES AT EXCHANGE

78 5/16-

131,250

323,703

TLS. 190.000 8% SHANGHAI FRENCH MUNICIPAL COUNCIL DEBENTURES AT EX-

CHANGE 78 5/16 -

MORTGAGES IN HONG KONG.

MORTGAGES IN SHANGHAI TLS, 510.000 AT EXCHANGE 78 5/16

230,486 2,095,500 651,237

8 = 888

00

03 3.432.176

96

243,880 64

500,000

8

INVESTMENT OF FUND FOR SCHOOL OF CHINESE STUDIES:-

CASH WITH BANKERS ON CURRENT AND DEPOSIT ACCOUNTS

SUNDRY DEBTORS:-

MORTGAGE INTEREST LESS SUNDRIES LESS RESERVE

RESERVE

HONGKONG & SHANGHAI BANKING CORPORATION:-

SUPERANNUATION ACCOUNT

SUPERANNUATION CHARGES ON INSURANCE POLICY.

BOOKSTORE STOCKS & GOODS IN TRANSIT &C:-

231,434 65

33.548 64.484

+5

15

46

98,032

61

£23.440.4.6

- £393.3.0

231,985 73 3.890 96

235,876 69

73.645 34

ESTIMATED VALUE OF STOCKS ON HAND AT 31ST DECEMBER, 1928. LIBRARY & BOOKSTORE GOODS IN TRANSIT

22.818 87 1.902 55

24.721 42

INVESTMENT FLUCTUATION ACCOUNT

46,461 25

65,872 21

1.521 10

64.351 11

$5.068,069 29

LAND, BUILDINGS & EQUIPMENT ACCOUNT:-

WE REPORT THAT WE HAVE AUDITED THE ABOVE BALANCE SHEET WITH THE BOOKS AND VOUCHERS OF THE UNIVERSITY OF HONG KONG, AND HAVE OBTAINED ALL THE INFORMATION AND EXPLANATIONS WE HAVE REQUIRED. WE HAVE SEEN ACKNOWLEDGMENTS FROM THE LONDON AND SHANGHAI BRANCHES OF THE HONG KONG AND SHANGHAI BANKING CORPORATION FOR SECURITIES HELD BY THEM IN LONDON AND SHANGHAI RESPECTIVELY. IN OUR OPINION THE ABOVE BALANCE SHEET IS PROPERLY DRAWN UP SO AS TO EXHIBIT A TRUE AND CORRECT VIEW OF THE STATE OF THE UNIVERSITY'S AFFAIRS ACCORDING TO THE BEST OF OUR INFORMATION AND THE EXPLANA TEONS GIVEN TO US AND AS SHOWN BY THE BOOKS OF THE UNIVERSITY.

COST OF LAND AND BUILDINGS AS AT 31ST DECEMBER, 1927 ADDED DURING THE YEAR ENDED 31ST DECEMBER, 1928

STERLING EXCHANGE TAKEN AT 2/4.

W. W. HORNELL.

VIGE CHANCELLOR,

HONGKONG, 5TH APRIL, 1929.

THOMSON & CO.. CHARTERED ACCOUNTANTS,

AUDITORS.

35,009 57

$5.068.069 29

1.372,333.93

1,521.10

$1,373,855.03

W. B. FINNIGAN.

REGISTRAR.

PERCY SMITH, SETH & FLEMING.

ACCOUNTANTS.

110