14-SEP-1995 14:42 FROM FCO CRD
TO
72703387 P.06
STUDENT FINANCIAL ASSISTANCE AGENCY 7/F. & 9/F., National Mutual Centre, 151 Gloucester Road, Wan Chai, Hong Kong.
OUR REF.: (16) in SFAA 253/13 (11) YOUR REF.:
TELEPHONE:852 2802 1689
FAX NO.: 2519 3846 (7/F) 2519 3857 (9/F)
Mrs. Lauren Johnstone
Overseas Students Policy Section Cultural Relations Department Foreign & Commonwealth Office London SW1A 2AH
United Kingdom
i
Dear Mrs. Johnstone,
6 July 1995
UK/HK Governments Joint Funding Scheme (JFS) 1995/96
Further to my letters (12) and (14) in SFAA 253/13 (11) dated 11 May 1995 and 8 June 1995 respectively, I wish to update you on the estimated requirements in grants for the 1995-96 application exercise under the JFS.
As at 1 July 1995, the deadline for submitting applications this year, 220 applications were received. The total requirement in grants for 1995-96 is estimated to be equal to £714,000, calculated as follows:
Success
X
Average Fin. Assistance
X
% of Grant
Total Requirement in Grants
No. of applications
X Rate
:
220
100%
£3,939
82.36%
£713,715 (rounded up to
£714,000)
Contribution by UK Government will therefore be £357,000
(£714,000/2)