PCS 285/393/1
4 July 1992
John Chan Esq
Secretary for Education and Manpower
Education and Manpower Branch Government Secretariat
Lower Albert Road
HONG KONG
Foreign & Commonwealth
Office
London SWIA 2AH
Telephone: 071-
578.
B.u.5.9.92
Dear Secretary
UK/HK SCHOLARSHIPS SCHEME
derrespment
31
Museony
محمد
Thank you for your letter of 3 July which continues our exchanges on the planning for our joint scholarships scheme' over the next few years.
I note the Royal Hong Kong Jockey Club would prefer to commit a precise sum of £100,000 per year over a three year period starting in 1993/94 and that you would like us to fall in with this plan. We are certainly happy to do so but with the proviso that as I have earlier explained, the only funding we have for this scheme is that from the £40,000 FÇOSAS provision and the two-thirds interest from the
My only concern is Bequest of the late Sir Shiu Kin Tang. that £100,000 might represent more than would be available
In that event the from such interest in any one year. numbers of awards that we could support would from our point of view have to fall.
Providing you are reasonably assured that the two-thirds of the Bequest interest (both accrued and annual) will cover the fixed annual commitment of an additional £100,000 for the three years from 1993/94, we should be glad to along with this option. I hope this is helpful.
I note the review of our scheme in 1994/95 will address the question of levels of funding in the longer term.
Thank you also for the news about the press release. forward to seeing the text.
Yours sincerely
Michael Lang.
M J Long
Head of Overseas Students Policy Section
Cultural Relations Department
boc: Ms S Haspel HKD
I look
PCS 285/313/1
J Smith-Laittan Esq, ETC, HK
004AAK
33