SECRET (2).
GOVERNMENT HOUSE,
HONGKONG. 21st December, 1927.
1.
151
30011/27
z 33
2014
Sir,
I have the honour to acknowledge Mr. Ormsby Gere's despatch No.539 of the 5th November, 1927, regarding
my application on behalf of the University of Hong Kong for
a portion of the Boxer Indemnity Funds.
2.
In my despatch No.255 of the 18th May, 1927,
I advised you that there was every prospect of the University having to close down, at the end of 1928, such existing Chinese work as it had been able to initiate at the beginning
of this year by means of certain contributions raised in
Malaya, and that its activities would have to be generally
curtailed in other directions also. The Finance Committee of
the University has recently been dealing with its estimates
of revenue and expenditure for 1928. These estimates fogy
sclosed), though expenditure has been drastically reduced,
anticipate a deficit of over $5000 on the year's working,
and in submitting them to the University Council, the
Finance Committee drew the attention of that body to the
University's serious financial outlook, pointing out that
its income is decreasing, while the expenditure to which it
stands committed is automatically increasing, and that the
Institution
THE RIGHT HONOURABLE
LIEUTENANT COLONEL L. C.M. S. AMERY, M.P.,
&C.,
&c.,
&c.