RASHKB Journal 皇家亞洲學會香港分會學刊 | RAS-1981 https://digitalrepository.lib.hku.hk/catalog/ff36bt18m ROYAL ASIATIC SOCIETY HONG KONG BRANCH INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 1981 H K Currency H.K. Currency 1980 H.K. Currency 1980 $41,550 Journal and Other Publications $41,335.00 $2,250 Life Memberships 6,415 Activity Expenses (Annual General Meeting, Dinner, Symposium and Outings) 19,201 19,201 Annual Memberships 3,374.00 15,343 Sales of Publications 4,505 Receipts from Members for Activities 7,800 7,800 Secretarial Assistance 7,800.00 19,758 Bank Interest Received 1,132 Purchase of Books 2,188.00 1,093 Dividends Received Sundry Expenses (Printing, Stationery, Postage, etc.) 6,042.84 2,600 Donation Received 12,113 38 Sundry Receipts $500.00 19,497.06 $500.00 19,497.06 12,678.93 2,585.00 19,191.02 3,509.90 200.00 Annual Subscription to Hong Kong Arts Centre 3,500 3,500 3,500.00 44,850 Rent for Library in Hong Kong Arts Centre (44,850) 3,000 3,000.00 $75,510 $67,239.84 10,722 $75,510 Tours. Amount received from members Amount paid out Balance being Deficit of Expenditure over Income transferred to Accumulated Funds 8,996.93 $67,239.84 BALANCE SHEET AT 31ST DECEMBER 1981 1980 LIABILITIES Accumulated Funds HK Currency 1980 $113,183 140,000 Balance as at 1st January 1982 Add Net Surplus on Sales of shares $242,461.08 $44,371 ASSETS Quoted Investment Cost at 1st January 1981 Add: Purchase of Shares: 253,183 242,461.08 61,086 (10,772) Less Excess of Expenditure over Income in 1981 TIT (8,996.63) 242,461 233,464.15 Sundry Creditor - Printing Charges for Journal 28,000 38,000.00 105,457 105,457 H K Currency — Hang Seng Bank Ltd. 34,272.00 Hong Kong Electric (Holdings) Co. Ltd. 24,192.00 Hong Kong Land Co. Ltd. 23,790.00 Hong Kong & Shanghai Banking Corporation 28,893.60 Less: Cost of Shares Sold 111,147.60 111,147.60 7 ================================================================================ RASHKB Journal 皇家亞洲學會香港分會學刊 | RAS-1981 https://digitalrepository.lib.hku.hk/catalog/ff36bt18m $270,461 D.A. Gikes Hon. Treasurer BALANCE SHEET AT 31ST DECEMBER 1981 (CONT'D) $256,021 $12,292 Balance at Banks and Registered Deposit Taking Company Fixed Deposits $135,750.08 Deposits at Call $271,464.15 $2,148 $270,461 Current Account 4,566.47 ...160,316.55 $271,464.15 Notes. (1) Quoted investments at 31st December 1981 300 shares Hang Seng Bank Limited 4,200 shares Hong Kong Electric (Holdings) Co. Ltd. 1,680 shares Hong Kong & Shanghai Banking Corporation 2,500 shares Hong Kong Land Co. Ltd (2) Incomes from subscription are accounted for on cash basis Cost Market Value $34,272.00 $37,200.00 $24,192.00 $22,470.00 $28,893.60 $24,360.00 $23,790.00 $23,625.00 $111,147.60 $107,655.00 REPORT OF THE HON. AUDITORS TO THE MEMBERS OF ROYAL ASIATIC SOCIETY, HONG KONG BRANCH In our opinion, the above Balance Sheet is properly drawn up so as to exhibit a true and fair view of the Society's affairs at 31st December 1981 and of its Income and expenditure for the year ended on that date. Dated: 29th March, 1982. KWAN WONG TAN & FONG Hon. Auditors Chartered Accountants Certified Public Accountants, Hong Kong ================================================================================ RASHKB Journal 皇家亞洲學會香港分會學刊 | RAS-1982 https://digitalrepository.lib.hku.hk/catalog/mk61z420p XX # ROYAL ASIATIC SOCIETY — HONG KONG BRANCH ## BALANCE SHEET AT 31ST DECEMBER, 1982 ### LIABILITIES 1982 1981 Accumulated Funds $242,461 HK$ Excess of Expenditure over Income in 1981 (8,997) Balance as at 1st January, 1982 $233,464.15 233,464 Sundry Creditor Printing Charges for Journal, 38,000 49,000.00 23,790 28,894 ### ASSETS HK$ Quoted Investment Cost at 1st January, 1982 230,476.72 Add: Purchase of Shares: 24,191 34,271 (2,987.43) 254,680.29 Hang Seng Bank Ltd. 111,147.60 Hong Kong Electric (Holdings) Co. Ltd. Hongkong & Shanghai Banking Corporation 111,147.60 J1,148 Balance at Bank Fixed Deposits. 165,000.00 Current Account 3,329.12 168,329.12 $279,476.72 $271,464 $279,476.72 ### Notes: (1) Quoted investments at 31st December, 1982: Cost Market Value 375 shares Hang Seng Bank Limited $34,272.00 $13,312.50 4,200 shares Hong Kong Electric (Holdings) Company Limited 19,320.00 2,240 shares Hongkong & Shanghai Banking Corporation 24,192.00 17,136.00 2,500 shares Hong Kong Land Company Limited 28,893.60 9,562.50 23,790.00 $111,147.60 $59,331.00 All quoted investments are stated at cost, and no provision for diminution in value has been made in the accounts. (2) Subscription and interest incomes are accounted for on cash basis. ## REPORT OF THE HON. AUDITORS TO THE MEMBERS OF ROYAL ASIATIC SOCIETY, HONG KONG BRANCH In our opinion, the above Balance Sheet is properly drawn up so as to exhibit a true and fair view of the Society's affairs at 31st December, 1982 and of its income and expenditure for the year ended on that date. Kwan Wong Tan & Fong Hon. Auditors Chartered Accountants Certified Public Accountants, Hong Kong Dated: 21st April, 1983. ================================================================================ RASHKB Journal 皇家亞洲學會香港分會學刊 | RAS-1983 https://digitalrepository.lib.hku.hk/catalog/j9607p61v XV ROYAL ASIATIC SOCIETY — HONG KONG BRANCH BALANCE SHEET AT 31ST DECEMBER 1983 1982 LIABILITIES H.K. Currency 1982 SUBJECT TO AUDIT ASSETS H.K. Currency Accumulated Funds Quoted Investment $233,464 Balance as at 1st January 1983 $230,476.72 Add: Excess of Income over $111,148 Cost at 1st January 1983 $111,147.60 (2,987) Expenditure in 1982 885.43 $230,477 $231,362.15 Balance at Bank Sundry Creditor — Printing 49,000 Charges for Journal & Index $59,000.00 165,000 3,329 Fixed Deposits.. Current Account $175,000.00 4,214.55 179,214.55 $279,477 $290,362.15 $279,477 $290,362.15 D.A. Gilkes Hon. Treasurer NOTES: (1) Quoted investments at 31st December 1983: 525 shares Hang Seng Bank Limited 4,200 shares Hong Kong Electric (Holdings) Company Limited 2,464 shares Hongkong & Shanghai Banking Corporation 2,500 shares Hong Kong Land Company Limited + Cost $34,272.00 Market Value $19,950.00 24,192.00 23,100.00 28,893.60 17,248.00 23,790.00 7,250.00 $111,147.60 $67,548.00 All quoted investments are stated at cost, and no provision for diminution in value has been made in the accounts. (2) Subscription and interest incomes are accounted for on cash basis. Dated: 18th January 1984 ================================================================================ RASHKB Journal 皇家亞洲學會香港分會學刊 | RAS-1984 https://digitalrepository.lib.hku.hk/catalog/5h73wh572 # ROYAL ASIATIC SOCIETY # HONG KONG BRANCH ## BALANCE SHEET AT 31ST DECEMBER 1983 ### ASSETS H.K. Currency 1983 1982 ### LIABILITIES Accumulated Fund H.K. Currency 1983 $233,464 Balance as at 1st January 1983 (2,987) Add: Excess of Income over Expenditure in 1983 230,477 Balance as at 31st December 1983 $230,476.72 Listed Investments, at cost $111,147.60 885.43 231,362.15 165,000 3,329 Balance at Bank Fixed Deposits Current Account $175,000.00 4,214.55 179,214.55 Sundry Creditor - Printing Charges for Journal & Index $49,000.00 $59,000.00 $279,477 $290,362.15 $279,477 $290,362.15 D.A. Gilkes Honorary Treasurer ## Notes: (1) Listed investments at 31st December 1983: 525 shares Hang Seng Bank Limited $34,272.00 $19,950.00 4,200 shares Hong Kong Electric (Holdings) Company Limited $24,192.00 $23,100.00 2,464 shares Hongkong & Shanghai Banking Corporation $28,893.60 $17,248.00 2,500 shares Hong Kong Land Company Limited $23,790.60 $7,250.00 $111,147.60 $67,548.00 All listed investments are stated at cost, and no provision for diminution in value has been made in the accounts. (2) Subscription and interest incomes are accounted for on cash basis. ## HONG KONG BRANCH ## REPORT OF THE HONORARY AUDITORS TO THE MEMBERS OF ROYAL ASIATIC SOCIETY In our opinion, the above balance sheet is properly drawn up so as to exhibit a true and fair view of the Society's affairs at 31st December 1983 and of its income and expenditure for the year ended on that date. Dated: 22nd March, 1984, WR510/(A05-8) Kwan Wong Tan & Fong Honorary Auditors Chartered Accountants Certified Public Accountants, Hong Kong ================================================================================ RASHKB Journal 皇家亞洲學會香港分會學刊 | RAS-1984 https://digitalrepository.lib.hku.hk/catalog/5h73wh572 xix ROYAL ASIATIC SOCIETY HONG KONG BRANCH BALANCE SHEET AT 31ST DECEMBER 1984 1983 LIABILITIES Accumulated Fund $230,477 Balance as at 1st January, 1984 Less: Loss on 2,500 shares of Hong Kong Land H.K. Currency 1983 ASSETS $3171,148 $231,362.15 Listed Investments, at cost $111,140.00 H.K. Currency Co., Ltd. Cost 13,790.00 Sale 8,850.80 14,939.20 Less: 2,500 shares of Hong Kong Land Co., Ltd. 23,790.00 $87,357.60 Less. Excess of Expenditure over Income in 1984 885 24,192.38 231,367 Balance as al 775,000 Balance at Bank Fixed Deposits $145,000.00 31st December 1984 192,130.57 Sundry Creditor Printing Charges 4,274 Current Account 13,772.97 158,772.97 59,000 for Journal $290,362 54,000.00 $246,130.57 $3790.362 $246,130.57 D.A. Gilkes Honorary Treasurer Notes: (1) Listed investments at 31st December 1984; 577 shares Hang Seng Bank Limited Cost $34,272.00 Market Value $524,234.00 4,620 shares Hong Kong Electric (Holdings) Company Limited 24,192.00 30,954.00 3,080 shares Hongkong & Shanghai Banking Corporation 28,893.60 24,486.00 $87,357.60 $79,674.00 All listed investments are stated at cost, and no provision for diminution in value has been made in the accounts. (2) Subscription and interest incomes are accounted for on cash basis. REPORT OF THE HONORARY AUDITORS TO THE MEMBERS OF ROYAL ASIATIC SOCIETY - HONG KONG BRANCH We have audited the above financial statement in accordance with approved Auditing Standards. In our opinion, the above balance sheet is properly drawn up so as to exhibit a true and fair view of the Society's affairs at 31st December 1984 and of its income and expenditure for the year then ended. Dated: 6th March, 1985. WR510/A05-3) Kwan Wong Tan & Fong Honorary Auditors Chartered Accountants Certified Public Accountants, Hong Kong Note: due to an editorial oversight, Volume 23 contained the accounts of the Society in their "subject to Audit" form rather than in their audited form. The audited accounts for 1983-84 are therefore now given here, with those for 1984/85. ================================================================================ RASHKB Journal 皇家亞洲學會香港分會學刊 | RAS-1985 https://digitalrepository.lib.hku.hk/catalog/gt54s866x xvii 1984 LIABILITIES Accumulated Fund $31,362 Balance as at 1st January, 1985 Less Loss on 2,500 shares of $192,130.57 ROYAL ASIATIC SOCIETY HONG KONG BRANCH BALANCE SHEET AT 31ST DECEMBER 1985 H.K. Currency 1984 ASSETS SH148 Listed Investments, at cost Less 2,500 shares of Hong Kong Land Co., Ltd. H.K. Currency $ 87,357.60 23 "90 Hong Kong Land 14,393 Co., Ltd. 8,358 24,292 Less: Excess of Expenditure over Income in 1985 Balance at Bank 33,956.80 145,000 13,733 Fixed Deposits Current Account $145,000.00 816.17 145,816.17 192,737 Balance as at 31st December, 1985 Sundry Creditor 138,173.77 Pracing 54,000 Charges for Journal $246,131 15,000.00 $233,173.77 $246,131 $233,173.77 D.A. Gilkes Honorary Treasurer Notes: (1) Listed investments at 31st December 1985: 634 shares Hang Seng Bank Limited 4,620 shares Hong Kong Electric (Holdings) Company Limited 3,388 shares Hongkong & Shanghai Banking Corporation (2) Subscription and interest incomes are accounted for on cash basis. Cost Market Value $34,272.00 $29,164.00 24,192.00 39,270.00 28,893.60 26,087.60 $87,357.60 $94,521.60 REPORT OF THE HONORARY AUDITORS TO THE MEMBERS OF ROYAL ASIATIC SOCIETY HONG KONG BRANCH We have audited the above financial statement in accordance with approved Auditing Standards. In our opinion, the above balance sheet is properly drawn up so as to exhibit a true and fair view of the Society's affairs at 31st December 1985 and of its income and expenditure for the year then ended. Dated: 24th February, 1986. WR510(A05-3) Kwan Wong Tan & Fong Honorary Auditors Chartered Accountants Certified Public Accountant, Hong Kong ================================================================================ RASHKB Journal 皇家亞洲學會香港分會學刊 | RAS-1986 https://digitalrepository.lib.hku.hk/catalog/jq08c7063 XV 1985 H.K. Currency ROYAL ASIATIC SOCIETY HONG KONG BRANCH BALANCE SHEET AT 31ST DECEMBER 1986 LIABILITIES Accumulated Fund $192,131 Balance as at 1st January, 1986 $158,173.77 Less: Excess of Expenditure over Income in 1986 33,957.15 $158,173.77 Balance as at 31st December 1986 $158,174.62 Sundry Creditor 3,758.15 $233,174.00 ASSETS $ 87,358 Listed Investments, at cost $ 87,357.60 123,926.21 Accounts Receivable 34,247.56 75,000.00 Printing Charges for Journal 75,000.00 107,810.46 Fixed Deposits 100,000.00 7,810.46 Current Account 7,810.46 $198,926.21 Balance at Bank $198,926.21 $233,174.00 $233,174.00 D.A. Gilkes Honorary Treasurer Notes: (1) Listed investments at 31st December 1986: 760 shares Hang Seng Bank Limited 4,620 shares Hong Kong Electric (Holdings) Company Limited 4,065 shares Hongkong & Shanghai Banking Corporation Cost Market Value $34,272.00 $31,540.00 24,192.00 60,060.00 28,893.60 37,601.25 $87,357.60 $129,201.25 (2) Subscription and interest incomes are accounted for on cash basis. HONG KONG BRANCH REPORT OF THE HONORARY AUDITORS TO THE MEMBERS OF ROYAL ASIATIC SOCIETY We have audited the above financial statements in accordance with approved Auditing Standards. In our opinion, the above balance sheet is properly drawn up so as to exhibit a true and fair view of the Society's affairs at 31st December 1986 and of its income and expenditure for the year then ended. Dated: 18th March, 1987. Kwan Wong Tan & Fong Certified Public Accountants Honorary Auditors ================================================================================ RASHKB Journal 皇家亞洲學會香港分會學刊 | RAS-1987 https://digitalrepository.lib.hku.hk/catalog/rx919b522 xiv 1986 LIABILITIES Accumulated Fund H.K. Currency ROYAL ASIATIC SOCIETY HONG KONG BRANCH BALANCE SHEET AT 31ST DECEMBER 1987 1986 ASSETS $ 87,358 Listed Investments, at cost H.K. Currency $ 90,913.60 $158,173 34,247 $123,926 Balance as at 1st January, 1987 Less: Excess of Expenditure over Income in 1987 Balance as at 31st December 1987 $123,926.21 36,403.59 Accounts Receivable 87,522.62 Balance at Bank 75,000 Sundry Creditor - Printing Charges for Journal 90,000.00 100,000 Fixed Deposits Subscriptions (1988) received 7,810 Current Account 60,868.36 54,990.66 115,859.02 in advance $198,926 29,250.00 $206,772.62 $198,926 $206,772.62 Notes: (1) Listed investments at 31st December 1987: 1,140 shares Hang Seng Bank Limited 4,620 shares Hong Kong Electric (Holdings) Company Limited 5,081 shares Hongkong & Shanghai Banking Corporation Add: Cost of Rights issued.. 4,620 shares Cavendish International Holdings Ltd.. (2) Subscription and interest incomes are accounted for on cash basis. Dated: February 1988 D.A. Gilkes Honorary Treasurer Cost Market Value $34,272.00 $31,350.00 24,192.00 34,881.00 28,893.60 32,449.60 3,556.00 13,629.00 $90,913.60 $116,697.25 ================================================================================ RASHKB Journal 皇家亞洲學會香港分會學刊 | RAS-1988 https://digitalrepository.lib.hku.hk/catalog/ft84gb83q 2. LISTED INVESTMENTS The Society's listed investments are stated at cost and comprise the following: 1988 1987 HK$ HK$ 4,620 shares in Cavendish International Holdings Ltd 9,365 9,365 1,425 shares in Hang Seng Bank Ltd 34,272 34,272 5,589 shares in Hongkong & Shanghai Banking Corporation Ltd 32,450 32,450 4,620 shares in Hong Kong Electric (Holdings) Co Ltd 14,827 14,827 90,914 90,914 The market value at the balance sheet date was HK$124,050 (1987: HK$116,697). xxii ================================================================================ RASHKB Journal 皇家亞洲學會香港分會學刊 | RAS-1990 https://digitalrepository.lib.hku.hk/catalog/d79206299 233 Hong Kong for several years, Bill Wyllie, was seconded to Hutchison in 1975 by the Hong Kong and Shanghai Bank, as 'company doctor' to put the business house's finances in order. After he had achieved this he left Hutchison's in 1981. Then in the early 1980s Li Ka-shing, believed to be the richest man in Hong Kong, became the largest shareholder in Hutchison's. His company, Cheung Kong (meaning long river and signifying 'everlasting'), held a 37 per cent stake. With a Chinese Taipan the company was no longer the bastion of British management that it had been in earlier days. However, under Chairman Li Ka-shing there is an English Group Managing Director, Simon Murray. Today Hutchison-Whampoa is thriving, and its activities range from general trading, including importing and exporting, to property, engineering and building materials. The group also has major interests in such subsidiaries as Hong Kong United Dockyards (in the past Hong Kong and Whampoa Docks), Hong Kong Electric Holdings, and A.S. Watson and Company of which more later. These firms, which in the past were basically British, are thus now largely Chinese controlled. Dockyards The first Hong Kong built vessel, the 80-ton Celestial, was launched from a slip at East Point on 7th February 1843, and a Royal Naval Dockyard started in 1854 (this was phased out in the late 1950s). Docks were also built by Douglas Lapraik and J. Lamont at Aberdeen in 1857. Nevertheless, it has been claimed the first 'great firm' to be established in the Colony was really the Hong Kong and Whampoa Dock Company, although the industry had its origins, regionally, in Canton. That is why the word Whampoa (a place in Canton) is included in the above name. The firm is No.1 on the Register of Companies. Austin Coates maintains in his book, Whampoa, Ships on the Shore, that the formation of Union Docks (which was absorbed into the Hong Kong and Whampoa Docks in 1870), in 1863, was the most significant commercial and industrial moment in Hong Kong's history. ================================================================================ RASHKB Journal 皇家亞洲學會香港分會學刊 | RAS-1991 https://digitalrepository.lib.hku.hk/catalog/k356gt84j # ROYAL ASIATIC SOCIETY HONG KONG — # NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 1991 ## 2. LISTED INVESTMENTS The Society's listed investments are stated at cost and comprise the following: 1991 1990 HK$ HK$ 4,620 shares in Cavendish International Holdings Ltd. 9,365 9,365 2,462 shares in Hang Seng Bank Ltd. 34,272 34,272 1,690 shares in HSBC Holdings PLC. 32,450 32,450 5,082 shares in Hong Kong Electric (Holdings) Co Ltd. 14,827 14,827 90,914 90,914 The market value at the balance sheet date was HK$241,229 (1990: HK$145,649). xviii ================================================================================ RASHKB Journal 皇家亞洲學會香港分會學刊 | RAS-1993 https://digitalrepository.lib.hku.hk/catalog/66833t302 # ROYAL ASIATIC SOCIETY-HONG KONG BRANCH ## NOTES TO THE ACCOUNTS ### YEAR ENDED 31ST DECEMBER 1993 ## 2. LISTED INVESTMENTS The Society's listed investments are stated at cost and comprise the following: 1993 1992 HK$ HK$ 3,077 shares in Hang Seng Bank Ltd. 34,272 1,690 shares in HSBC Holdings PLC. 32,450 5,083 shares in Hong Kong Electric (Holdings) Co. Ltd. 14,827 81,549 The market value at the balance sheet date was nil (1992: HK$336,155). XX ================================================================================