UNIVERSI NY 03 HONGKONG.
Scholarships.
297
1.
2.
3.
25 Scholarships a year for Men, that is to say,
100 scholarships altogether tenable at the
Hongkong University. The annual cost of each
scholarship is to be $1,200. Therefore the
total annual cost of 10 scholarships will be
$120,000. This represent a capi tal sum of
$1,920,000 or roughly
4 Scholarships for Girls at the same value
Annual cost of $4,800 and a capi tal cost of
$76,800 or roughly
-
$2,000,000.
10 Scholarships tenaole in Great Britain for two
years, the cost of each such scholarship being
estimates at £1,000 including passages. This
means roughly an annual expenditure of £5,000
and represents a capi tal
80,000.
£100,000+
(
£100,000.
TO TAL
( $2,080,000.
Grand total roughly
$3,000,000.
+ The rate of interest in this case is calculated at 5%.