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EDUCATION
arrangement, grants are made on the basis of need to full-time students attending first degree or Higher National Diploma courses in the United Kingdom, to meet the difference between home and overseas student fees. However, if the total requirement exceeds the joint contribution of the two governments, then each applicant's grant will be propor- tionately reduced, with the balance made up by an interest-free loan, provided solely by the Hong Kong Government. During the year, grants totalling $59 million and loans totalling $12 million were paid to 118 institutions on behalf of 1 575 students.
UK-HK Scholarships
The scope of the joint-funding arrangement was expanded in 1988 to include a number of UK-HK Scholarships awarded on merit.
The aim of the scholarships is to provide further educational opportunities at the tertiary level in the United Kingdom for local students who have the potential to contribute significantly to mutual understanding between the United Kingdom and Hong Kong and to Hong Kong's future well-being. Those selected are expected upon return to number among the future leaders, decision makers and formers of opinion in Hong Kong.
The scholarship fund is made up of an annual total of up to £250,000 contributed equally by the United Kingdom government and the Jockey Club on behalf of the Hong Kong government.
The scholarships are administered by the UK-HK Scholarships Committee appointed by the Governor. For the 1988-9 academic year, a total of nine undergraduate and post- graduate scholarships were awarded.
Sir Edward Youde Memorial Fund
The Sir Edward Youde Memorial Fund was set up in December 1986 to centralise the management of public donations received in memory of Sir Edward Youde, who was Governor between 1983 and 1986.
The money and assets of the fund stood at over $82 million on March 31, 1988. The fund is managed by the Board of Trustees consisting of Lady Youde and four prominent members of the community appointed by the Governor.
In accordance with Lady Youde's wishes, it has been provided in law that the income of the fund is to be used for promoting the education and learning of the people of Hong Kong and encouraging research activities.
The uses of the income of the fund are determined by a Council consisting of Lady Youde and six prominent members of the community appointed by the Governor. For the 1988-9 academic year, the council awarded 20 fellowships to post-graduate research students, 60 scholarships to undergraduate students, and 520 prizes to senior secondary school students. These awards were generally made on the nominations of the heads of the tertiary institutions and secondary school principals followed by interviews by the council as appropriate. During the year, four students who excelled in local public examinations and six disabled students also received awards.
The total value of the local awards made was about $1.4 million.
In addition, five students also received fellowship and scholarship awards from the council to pursue studies overseas: three in Oxbridge and two in the United States.
Technical Education
The Vocational Training Council operates eight technical institutes in Hong Kong which provide courses at craft and technician levels with full-time, block-release, part-time