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EDUCATION
schools provident fund, and vice versa, when teachers are trans- ferred from one kind of school to the other.
BOARD OF EDUCATION
The Board of Education was established in 1920 'for the purpose of assisting the Director of Education in matters pertaining to the development and improvement of education in the Colony'. Its chairman is the Director of Education. All other members are unofficial. The Board meets regularly and Government normally consults it on all matters of educational importance. The Board met three times during the year.
SCHOOL ADMINISTRATION
Government Schools are those built, equipped and operated entirely from Government funds. There are 82 primary schools, 15 secondary schools (including three functioning in temporary premises), five secondary modern schools, three teacher training colleges, a technical college and four evening institutions. —
Grant Schools. These schools, which mainly give secondary education, work under the terms of the Grant Code, by which Government pays the difference between approved expenditure and approved income. Approved expenditure includes salaries, leave pay, passages for teachers who are so entitled, and other charges. Alternatively, a block grant may be made. Grants of up to 50 per cent may also be made to meet the cost of new building, equipment and major repairs. In addition to this aid, interest-free loans may be made for approved new building projects.
Subsidized Schools are mainly primary schools operating under the Subsidy Code. The subsidy, like that paid under the Grant Code, is a deficiency grant and enables schools to keep their fees low and to pay teachers the same salaries as Government and grant school teachers of the same grade. The schools are assisted by free grants of land and building subsidies, and are eligible for interest-free loans for new buildings. Although an urban subsidized school is usually much bigger than a rural one, more than half such primary schools are in the New Territories, serving small,