$348. At the end of the year the total funds administered by the Official Trustee amounted to $212,403, of which $88,891 was held on income account. During the year the sanction of the Supreme Court was obtained to the investment in shares of four leading Hong Kong com- panies of $112,810 belonging to the various Belilios and Sir Ellis Kadoorie Trusts. Investment in equities was considered appropriate in order to protect the value of the trust funds from erosion by inflation, and Hong Kong companies were selected because the beneficiaries of the trusts are local residents.
Belilios Stars
136. In 1884 Emanuel Raphael BELILIOS set up a trust fund with the object inter alia of rewarding acts of 'conspicuous valour, devotion or self-denial (whether a life or lives be thereby saved or not) done within the Colony of Hong Kong at a fire or in any quarrel, fight, breach of the peace or otherwise howsoever, or within the Hong Kong, Canton or Macau waters'. The trust deed provided for the award of Belilios Stars for such acts of bravery. These are of two kinds: the bronze eight- pointed Star awarded for bravery at sea, and the five-pointed silver Star for bravery on land. The Official Trustee now administers the trust and makes the awards after submission to the Governor for his approval. A monetary award may also be made either in conjunction with the award of a Star or where no Star is awarded.
137. An award of a Silver Star for conspicuous bravery on land was made during the year to Mr. G. D. BINSTEAD, M.B.E., a retired Senior Superintendent of the Hong Kong Police and now Managing Director of the Hong Kong Security and Pay Roll Protective Association Ltd. On 21st May 1967 a young Chinese man was being attacked by an angry mob of demonstrators in Garden Road outside the Hilton Hotel. Mr. BINSTEAD, disregarding his own safety, immediately went to the rescue and saved this man from almost certain death at the hands of the mob. In the process of effecting the rescue Mr. BINSTEAD himself was attacked and sustained injuries to his head, chest and arm. The award of this Star brought the number of awards made since the war to seventeen, thirteen bronze and four silver.
Lunacy
138. The Registrar General is very seldom called upon to act in the capacity of Official Solicitor in Lunacy. During 1967-68, however,
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