Dear Lloyd,
(40)
Treasury Chambers,
Great George Street,
$.M.1.90
12th September, 1947.
You wrote to me about the decision to put into
cold storage, for the time being, your project for
the re-establishment of Hong Kong University. You
are apparently suggesting that we should, in effect,
agree to the scheme in principle now, and that
Hong Kong should go ahead with it, using whatever
funds they can find, on the understanding that we
will reimburse them later on.
I am afraid that we should not feel justified
in accepting even this deferred commitment until our
own situation is a good deal clearer. The most we
can agree is that we should review the project next
year. This being so, it may seem unprofitable to
discuss the matter further: but I may perhaps add that
we are surprised that Hong Kong, in its present
financial condition and in view of its other
Sir Thomas Lloyd, K.C.M.G.,
Colonial Office.
liabilities,