Education
(1) Bw.554
Sels
use
в
credit
scholars hyrs
balances
Раса
($12,560)
pasclien
قا
fa
years
31.10.34
2
proposes
numla
29724/09
1935- 1946.
(These papers have been delayed
owing to the necessity for obtaining previous corres- pondence from Canterbury).
From the despatch of the 15th September, 1909, it appears that H.M.G. agreed to provide £300 annually for Scholarships to the Hong Kong University, and that it was left to the Governor to decide the number and value of the Scholarships to be granted.
In 1914 the Governor forwarded a
copy of the Regulations covering the grant of Scholar- ships and a list of the Scholarships proposed during the period 1912/13- 1931/32. It has not been possible
*
to cary out these proposals in their entirety, and in of this of exchange factor interest on balans
there is a credit balance of $12,560 in
57/145 a consequences
the Scholarship Fund.
It is now proposed to use these
accumulated funds for the purpose of increasing the
number of Scholarships to be granted during the period 1935/46. There are two alternatives:
Either we can approve the present scheme or we can direct
provide that the accumulated funds are to be used for
financing the normal number of scholarships and inform Hongkong that the annual grant of £300 will be discon- tinued until such time as the accumulated surplus has
when been exhausted. In view of the fact that/ the scheme was first started, the Governor was given discretion
to decide both the number and the value of the Scholar- ships, the first alternative appears to be the appro- priate course. It will, however, be necessary t view of (306) and (32) on Accounts 145 to
obtain