The USLED

it affears to be not only in ce

4

precarious financial position but

to a large extent

also farting to rise to the height of

it's offortunies.

The scale of these opportunities

is obvious and it will in

worth

While leaving

no stone unturned

to make sure that we do not let

them co by default,

The real source

of the present

difficulties is the fact that the

University is too big a thing for

H.K. alone to support. The task

is

an imperial one

and

should not

resources

of a

be apported by the

zügle

single small colony.

useless to hope for

It is however,

a grant from Imperial

fundes is present circumstances and

1

magest

there fore that is worth

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