RAS-1982 — Page 18

RASHKB Journal 皇家亞洲學會香港分會學刊 All AI Reviewed

HON. TREASURER'S REPORT

The Accounts here presented have again been kindly audited by Messrs. Kwan Wong Tan & Fong.

It will be noted from the Income and Expenditure Account that a small deficit was incurred for the year (HK$2,987). The Society has made deficits over the last three years due to rising costs; part of this has been absorbed by extra income from Bank Interest and dividends received. Members will recall, however, that from 1st January, 1983, approval has been given by members to raise ordinary annual subscriptions from $50 to $100 p.a. with corresponding increases for other categories of membership. It is anticipated therefore that in future membership subscriptions will contribute more to the expenditure of the Society than in the past and that the deficit trend will be reversed.

The Balance Sheet of the Society continues to show a reasonably healthy position with assets considerably in excess of the liabilities. The market value of the shares shows a depreciation over cost but since the preparation of this Balance Sheet an improvement in this position has occurred, and opportunities will be taken as and when they arise to continue this improvement.

D. A. GILKES
Hon. Treasurer

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HON. TREASURER'S REPORT The Accounts here presented have again been kindly audited by Messrs. Kwan Wong Tan & Fong. It will be noted from the Income and Expenditure Account that a small deficit was incurred for the year (HK$2,987). The Society has made deficits over the last three years due to rising costs; part of this has been absorbed by extra income from Bank Interest and dividends received. Members will recall, however, that from 1st January, 1983, approval has been given by members to raise ordinary annual subscriptions from $50 to $100 p.a. with corresponding increases for other categories of membership. It is anticipated therefore that in future membership subscriptions will contribute more to the expenditure of the Society than in the past and that the deficit trend will be reversed. The Balance Sheet of the Society continues to show a reasonably healthy position with assets considerably in excess of the liabilities. The market value of the shares shows a depreciation over cost but since the preparation of this Balance Sheet an improvement in this position has occurred, and opportunities will be taken as and when they arise to continue this improvement. D. A. GILKES Hon. Treasurer xviii

Baseline (Original)

HON. TREASURER'S REPORT The Accounts here presented have again been kindly audited by Messrs. Kwan Wong Tan & Fong. It will be noted from the Income and Expenditure Account that a small deficit was incurred for the year (HK$2,987). The Society has made deficits over the last three years due to rising costs part of this has been absorbed by extra income from Bank Interest and dividends received. Members will recall, how- ever, that from 1st January, 1983, approval has been given by members to raise ordinary annual subscriptions from $50 to $100 p.a. with corresponding increases for other categories of membership. It is anticipated therefore that in future member- ship subscriptions will contribute more to the expenditure of the Society than in the past and that the deficit trend will be reversed. The Balance Sheet of the Society continues to show a reasonably healthy position with assets considerably in excess of the liabilities. The market value of the shares shows a depreciation over cost but since the preparation of this Balance Sheet an improvement in this position has occurred, and opportunities will be taken as and when they arise to continue this improvement. ! xviii D. A. GILKES Hon. Treasurer .

2026-05-13 00:34:56 · Baseline

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HON. TREASURER'S REPORT

The Accounts here presented have again been kindly audited by Messrs. Kwan Wong Tan & Fong.

It will be noted from the Income and Expenditure Account that a small deficit was incurred for the year (HK$2,987). The Society has made deficits over the last three years due to rising costs part of this has been absorbed by extra income from Bank Interest and dividends received. Members will recall, how- ever, that from 1st January, 1983, approval has been given by members to raise ordinary annual subscriptions from $50 to $100 p.a. with corresponding increases for other categories of membership. It is anticipated therefore that in future member- ship subscriptions will contribute more to the expenditure of the Society than in the past and that the deficit trend will be reversed.

xviii

D. A. GILKES

Hon. Treasurer

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