33 School" at Kiaochow as an embryo University and that the Imperial Government has voted a sum of £30,000 for the Buildings and of £7,500 per annum for maintenance.
I venture to submit to Your Lordship that if His Majesty's Government will in a like manner extend its support to the scheme I have had the honour to lay before you, the prospective advantages both Commercial and Political are such as will amply justify the expenditure. The Colonial Revenues at the present time do not admit of any substantial grant to this scheme. The prospective decrease due to the policy of His Majesty's Government in regard to Opium, and the heavy strain imposed by the building of the Railway at a time of great local depression in trade cripple alike the resources of Government and of private individuals in this small Community.
I am confident that the inauguration of a University here which will bring the sons of eminent Chinese to the Colony (which in after life they will regard as their Alma Mater) and which will bring their parents also to visit them will prove a source of prosperity to Hongkong. But I am equally convinced that the benefits will not be confined to or even primarily affect this Colony, but will extend to British interests throughout the Far East. Sir John Jordan, Sir A. Hosie, the Cons: