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175
view is taken that it seems not u likely that the Committee
will take a favourable view of Sir R. Stubos suggestion that
these debts should be regarded as a first charge on the
Boxer Indemnity Funds. These debts amounted on the 31st April last to Hong Kong dollars $106,780,29 or roughly
£10, 700.
17.
The amount required to settle this debt would bring
the capital amount asked for in this letter up to roughly
Hong Kong $1,330,000 or roughly £137,500. In other words the
claim which we are venturing to press in this letter is for
£137,500 capital and an addition to the University's income
of $169,000 or £17,500 together with £10,000 for Scholarships
or roughly £27,500.
I am, Dear Lord Willingdon,
Your sincerely,
(Sga) C. Clementi.
CHANCELLOR.
University of Hong Kong.