The membership of this branch of the Society now numbers as 134 Honorary Life- members.
31 Life members.
645 Ordinary members.
There are, therefore, 810 members as against 672 members in 1921. An enrolment of 145 new members during the year constitutes another record, being one more than last year.
Your accounts differ in form somewhat from those of last year, inasmuch as this year, in the opinion of the Committee, they are presented to members in a far simpler form, due to the liquidate ing of the overdraft and St. George's War bonds.
Practically the whole of the Society's assets have now been brought into one account—that_ is Chatity Reserve account. is fund is invested partly in debentures, i-e., $15,600.12, (The market value of which on December 12, 1922, stood at approximate] $16,300) and the balance is included in the Hongkong & Shanghai Bank current account of $5,840.68; our total Assets therefore amount to $21,440.80.
The British War Bonds have been realized with a dollar profit of about $1,300. The proceeds are included in Charity Reserve Account after squaring off our Bank overdraft on December 31, 1921, of $1,838.40.
"Tht small surplus for 1922 of $1,527.87 represents that portion of the capital of the Society outside Charity Reserve account and the whole of this surplus is included in the credit Balance at the Hongkong and Shanghai Bank.
I have nothing further to say in connexion with the accounts, but should any member wish to ask any questions, I will do my best to give an. answer.
Text read from the printed page and cleaned; old type leaves the occasional error.