59
to face consequent repercussions, if any, on Hong
Kong's general financial situation vis-a-vis H...
This gives us general cover for the proposal an paragraph 3
of your telegram to go to the Legislative Council for
recurrent expenditure and would - if you agree and could find
give similar cover for capital expenditure to be
charge against Hong Kong Estimates.
the money
4.
Treasury has unofficially made following suggestion
as to other possible ways of finding funds;-
(B) Hong Kong or Memorial Fund, if there is likely
to be a balance available after expenditure against the Firet and Second Schedules under the Ordinance has been met.
They
(b) Qocenty-te about to suggest that certain items
at present proposed to be met from proceeds
(0)
of loon might be included for C... assistance, since they are development rather than rehabilitation projecte, thus releasing corresponding amount towards re-establishment of "niversity. I do not yet know how
much would be involved.
Possible limited assistance from British Council from
its foreign expenditure in view of value đ University in Sino-British cultural relations, This is being investigated.
I low funday
(a)
Local subscriptions.
5. In connection with sub-paragraph (d) above, we have noted
paragraph 4 of your telegram; if prospects are poor, possibly
soviment dollar for dollar contribution might help.
6.
h.
gubject to suggestion in paragraha 4 and 5 above enë
aive to possibility of any part of capital expenditure which
can be regarded as develop wat being included in application for
front from central Code &
alternative to meeting capital grant of $4,000,000 as well as
recurrent deficit from Hong Kong funds.
allocation, there seems to be no
7. I am afraid that the foregoing is very disappointing.
liay we assume that you will now discuss the matter further with
University Authorities, and put up proposale for Goverment
assistance
Page 60Page 61