The statement of income and expenditure and the balance sheet of the Sailors' Home Trust prepared by the honorary auditors, Messrs. Lowe, Bingham & Matthews, have now been issued for the year ended December 31, 1997.
As in previous years the income of the trust has been paid to the Missions to Seamen as a grant in aid a? the work which that institution does amongst the seafaring community in Shanghai, The income for the past year was derived from interest on investments and amounted to $4,689.72 while the sum of $2,428.- 26 was brought forward in respect of uis'ributed income on December 31 1636, making the total available for Gistribution $7,097.98, Of this sum $2350 was paid to the Missions to Seamen on January 27, 1937, and a further grant of $2,300 was made on July 8 last leaving an undistributed balance on December 31, 1997, of $2,447.98.
Text read from the printed page and cleaned; old type leaves the occasional error.