those students continuing on course for a second or third
year;
(ii)
the United Kingdom will continue to share overall
costs on an equal basis with the Hong King side ie the Royal
Hong Kong Jockey Club;
(iii)
the British Government will continue to contribute
through the FCO scholarships programme the sum of £40,000
each year from the Foreign and Commonwealth Scholarships
Awards
Scheme (FCOSAS);
(iv)
the annual balance of the UK's share of funding for the Scheme with continue to be a change on The interest fro
from the late Sir Shiu kin TANG's bequest, two -thirds
late Sir Shiu-kin Tang's Bequest;
(v)
of the
Of the two options presented for increased funding of the Scheme at Appendices II and III, the UK side whilst
appreciating the simpler budgetary control and planning
convenience of a fixed sum contribution, would for official
accounting reasons prefer the option at Appendix II whereby
the necessary funds are drawn down from the Bequest
interest on the basis of each year's actual costs.
M J Long
Overseas Students Policy Section
Cultural Relations Department
bcc: H K Dept
BTC Hong Kong
CHBAEX