19.
19. THE AMOUNT TO BE REFLECTED IN THE SCHOOLS ACCOUNTS WAS THEREFORE
AS FOLLOWS:
BALANCE OF FUNDS IN EXTRA ACCOUNTS AND FIXED DEPOSITS..... DOLLARS
319,879.40
ADD INTEREST EARNED IN RESPECT OF DEPOSITS....DOLLARS 16,208.09
TOTAL ......DOLLARS 336,087.49
LESS AMOUNT DUE TO SPONSOR.....DOLLARS 14,740.87
TOTAL......DOLLARS 321,346.62
SUBSEQUENT ACTION
20. SISTER LEUNG, THE FORMER PRINCIPAL AND SUPERVISOR WAS
PROSECUTED ON TEN CHARGES OF FALSIFICATION OF ACCOUNTS INVOLVING
A TOTAL OF DOLLARS 27,930. THIS SUM WAS PART OF THE ERRORS INCLUDED UNDER ITEM (B) IN PARA 11 ABOVE. SISTER LEUNG PLEADED GUILTY TO THESE CHARGES AND WAS SENTENCED TO SIX MONTHS IMPRISONM
SUSPENDED FOR TWO YEARS, AT THE CENTRAL MAGISTRATES COURT OD
23 FEBRUARY 1978.
21. FOLLOWING THE COMPLETION OF POLICE INVESTIGATIONS AND COURT
PROCEEDINGS ALL FINANCIAL IRREGULARITIES WERE RECTIFIED ON 2 MARCH
1978 ON WHICH DATE REIMBURSEMENT WAS CREDITED TO THE VARIOUS
ACCOUNTS OF THE SCHOOL IN THE FOLLOWING MANNER;
A. GOVERNMENT GRANT ACCOUNTS.....
* o
DOLLARS 85,252.12
B. SCHOOLS SUBSCRIPTIONS ACCOUNT...... DOLLARS 236,094,50
TOTAL...****
* 2
DOLLARS 321,346.62.
IN PAYING THE DOLLARS 236,094.50 INTO THE SCHOOLS SUBSCRIPTIONS
ACCOUNT, THE SPONSORS WAIVED THEIR CLAIM TO THE DOLLARS 153,395.27 WHICH WAS THE OUTSTANDING BALANCE OF THEIR ADVANCE TOWARDS THE
BUILDING COST OF THE SCHOOL.
ROBERTS
FILES
HRLAD (6)
NEWS
D
010
PS/LORD GORONWY ROBERTS
MR
CORTAZZI
MR
MURRAY
MR
POS NEIT
5
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