GOVK FOR
Wallace
SAVING AM
2*63:
54347/47.
58
Personal from Mayle.
Your telegram No.1592.
Hong Kong University.
1. Contents of your telegram were
communicated to Sloss and discussed with him.
2. It was at first thought that there
was possibility of meeting capital rehabilit tion expenditure of Heng Long
H. K. $4,000,000 by grant from central O.D. & W. allocation for higher education in the
Colonies. C.D. & V. assistance is now however
available for rehabilitation.
3.
Approach was then made to Treasury
for assistance from H.M.G. suggested in
paragraph 4 of your telegram.
* I
regret
very
to say that this has been unsuccessful.
H.M.G.'s policy at present is of necessity
drastic reduction of overseas expenditure and
in th se circumstances Treasury feel that
singling out of Hong Kong University for
special capital assistance from the U.K. can ot
Tremmy
be justified. They are however agreeable to
the capital and recurrent charges nedess ry
to re-establish the niversity being borne on
- Hong Kong Estimates and would be prepared