THIS
made the
DECLARATION OF TRUST is
day of
One thousand nine hundred and eighty-nine BY THE BRITISH
COUNCIL a body incorporated by Royal Charter and having its
principal office in the United Kingdom at 10 Spring Gardens
London SW1A 2BN
WHEREAS:
(A) Sir S---- K -- Tang of
day of
(who died on the
One thousand nine hundred and
-) by
clause
of his will dated the
day of
directed that £1 million
One thousand nine hundred and
should be given to the Government of the United Kingdom of
Great Britain and Northern Ireland ("the British Government")
for charitable purposes generally.
(B) Just prior to Sir S---- K-
Tang's death he agreed to
the British Government's suggestion that some of the money
should be used to benefit the people of Hong Kong and 1/3 of
the interest earned should be used for medical research and
2/3 should be used for educational purposes and he would
prefer the capital to remain untouched.
(C) In pursuance of the said objects the sum of Six hundred
and sixty six thousand, six hundred and sixty seven pounds
(£666,667) together with accumulated interest of
has been paid or is about to be paid to the Trustee on behalf
of the British Government to be held upon the trusts and with
and subject to the powers and provisions hereinfter declared