1.
2.
3.
UNIVERSITY OF HONG KONG.
Scholarships.
155
$2,000,000
25 Scholarships a year for Lien, that is to say,
100 scholarships altogether tenable at the
Hong Kong University. The annual cost of each
scholarship is to be 1,200. Therefore the
total annual cost of 100 scholarships will be
120,000. This represents a capital sum of
$1,920,000 or roughly
4 Scholarships for Girls at the same value =
Annual cost of 4,800 and a capital cost
of 76,800 or roughly
S
10 Scholarships tenable in Great Britain for
two years, the cost of each such scholarship
being estimated at £1,000 including passages.
This means roughly an annual expenditure of
£5,000 and represents a capital
80,000
£100,000
TOTAL
£100,000
$2,080,000
Grand total
$3,000,000
roughly
The rate of interest in this case is calculated at 5%.