Appendix II
Assumptions: (a)
(b)
UK/HK SCHOLARSHIPS SCHEME
Additional Contribution required
9 new awards each year from 92/93 (including 1 post-graduate scholar). inflation 9% p.a.
Funds Available
Year
Balance b/f
Annual Contribution
Total
No. of Awards to be granted
Expenditure
Addition
Original
Required
New Awards
Renewal of Previous Awards
£
£
£
£
£
91/92
265691
250000
515691
12
16
350000
92/93
165700
250000
415700
9
21
408000
93/94
7700
250000
187000
414700
9
21
444700
94/95
250000
171200
421200
9
17
421200
95/96
250000
209100
459100
9
17
459100
96/97
250000
250400
500400
9
17
500400