HON. TREASURER'S REPORT
Mr. President, Ladies and Gentlemen,
My first duty this year is to make apologies to Mr. Knightly and to Mr. Mack. First to Mr. Knightly who audited the accounts last year and who did not receive the acknowledgment of his work and responsibility in the printed copy of the accounts that appeared in the Journal. Secondly, to Mr. Mack on whom was placed the responsibility which was not warranted in that year. Unfortunately, I did not see a proof of this page of the Journal before it went to press.
My second duty is to thank Mr. Harman for having audited the accounts this year. I am afraid he had quite a task.
The Accounts have been in your hands for some time and there is little I need say about them. As you will see, the excess of income over expenditure in 1963 was $2,947.62. This compares with $1,708.00 in 1962. We have been able to invest a further £300 in Hong Kong Bank shares and their value has appreciated since they were purchased. The only other point that I would mention is that sales of Journals and Journal Articles have brought in a small but significant amount to offset the cost of the Journal. I would like to take this opportunity, on behalf of the Members of the Society, to thank our President who most generously paid for the cost of the colour prints in Volume 3 of the Journal.
At today's date we have just on $2,600 in the Bank, $2,000 on deposit due 23rd April, and $650 in cash.
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HON. TREASURER'S REPORT
Mr. President, Ladies and Gentlemen,
My first duty this year is to make apologies to Mr. Knightly and to Mr. Mack. First to Mr. Knightly who audited the accounts last year and who did not receive the acknowledgment of his work and responsibility in the printed copy of the accounts that appeared in the Journal. Secondly, to Mr. Mack on whom was placed the responsibility which was not warranted in that year. Unfortunately, I did not see a proof of this page of the Journal before it went to press.
My second duty is to thank Mr. Harman for having audited the accounts this year. I am afraid he had quite a task.
The Accounts have been in your hands for some time and there is little I need say about them. As you will see, the excess of income over expenditure in 1963 was $2,947.62. This compares
with $1,708.00 in 1962. We have been able to invest a further
£300 in Hong Kong Bank shares and their value has appreciated since they were purchased. The only other point that I would mention is that sales of Journals and Journal Articles have brought in a small but significant amount to offset the cost of the Journal. I would like to take this opportunity, on behalf of the Members of the Society, to thank our President who most generously paid for the cost of the colour prints in Volume 3 of the Journal.
At today's date we have just on $2,600 in the Bank, $2,000 on deposit due 23rd April, and $650 in cash.
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