10:13
EDUCATIUN & MANPOWER BR
632 8b6 JJ16
From:
SPO15&CS)
Tel.: 8103191 or 8103193
PRESS RELEASE
Sunday, October 18, 1992
a
UK/HK Scholarships Scheme to Receive More Funds
The Government announced today (Sunday) that, following
UK Government and the Royal Hong Kong -
recent
Jockey
review, thé
Club (RHKJC) have agreed to increase the annual funding
for the UK/HK Scholarships Scheme by £200,000 to enable nine
awards to be made each year from 1993-94 to
additional
new
1995-96.
At
RHKJC the
each
the presentz
LK Government and
contributes £125,000 annually to fund the scheme.
by
Of the UK side of the funding. £40,000 are contributed
the Foreign and Commonwealth Office Scholarships and Awards
Scheme while
Shiu-kin
£85,000 come from the interest of
the late Sir
£1
million
donated
༤.
the UK
Tang's Bequest of
Government for scholarships and medical research.
The Hong Kong
side of the funding is entirely donated
by the Royal Hong Kong Jockey Club.
A Government spokesman said the annual commitment of
£250,000
is becoming inadequate as the scheme has to support
both new awardees as well as students who have received awards
in previous years.
"As the cumulative expenditure on students currently
studying under the scheme is expected to exhaust the annual
commitment after 1992-93, the annual commitment of £250,000
would
be only
sufficient
to
support renewal
of
current