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principles of the Advisory Committee's Memorandum on
Grants-in-Aid, 1933. By its proposals, Government
recurrent subsidies will be based on the difference
between the school's approved expenditure and its
income from school fees, the amount of subsidy being not
less than one half of this difference.
The approved expenditure may include salaries
at specified rates, and rent.
Provision is included for capital subsidies in
aid of buildings and equipment.
It is estimated that the new proposals will
mean an immediate increase of approximately 60% in the
amount of Government recurrent subsidies to existing sub-
sidized schools.
(Sgd.) C.G. Sollis.
Director of Education.
28th May, 1940.