if the Chinese Community. Assuming,
therefore, $1,157,000
£1,030 a year at
as
the rate of 5/2
per cent
per
the limit of the
are entitled to a total advance in cash by
found there
was
Government,
a balance still
remaining due to the undertaking of $96,760. I therefore publicly handed Cheque for that amount to the Registrar General, in his character
of Protector of the Chinese. Of that
money $6,760 has been paid to the Committee to defray expense of furniture
as
Cash for other working expenses.
The balance ($90,000) is invested at present in the Hong Kong and Shanghai
Bank
in the
name of
the Colonial Secretary
for the time being, and bears interest
= $1,875 +
three of the Committee
can draw cheques for the amount of interest
as it accrues,
but the
principal cannot
be touched.
7. Although there are data from which to form
an
estimate
of the annual Cost of the building, it seems likely that the above interest - say $5,000 backed by a subscription
of $7,000, as
promised by the Chinese, should suffice for the Cost of vaccination, medicines, medical Comforts, attendants, lancets, &c., &c.. This, however, is a point which experience alone can solve satisfactorily, and I fear there is a risk of
an undue proportion of