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negotiations are proceeding. It would be premature at this stage to make any disclosure. The Executive Council is being kept fully informed. Incidentally it may be remarked, with regard to the last sentence of paragraph 39 that the loan of $175,000 to the Diocesan Boys' School was made with the full knowledge and concurrence of the Secretary of State the Executive Council and of the Finance Committee which contains all the
Unofficial Members of the Legislative Council. The reference to the proposed new Central British School is based on inadequate information.
Government is unaware of the source from which the
Commissioners derived the erroneous idea that the cost was to be one million dollars while the site was selected after consultation with the Board of Education including the representative of the Kowloon Residents Association and with its
concurrence.
The cost is estimated at about
half a million dollars for the buildings necessary to enable the present school buildings to be evacuated but the finances of the Colony will not permit of the early commencement of the work, however
desirable.
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