memorandum then goes on to set out figures showing
the capital and recurrent cost of carrying out the
Committee's recommendation and gives a table showing
the nationality and domicile of students over the
period 1928-1941, with an estimate for 1950. The memorandum concludes with a recapitulation of the
arguments in favour of making a grant from the
Exchequer towards the capital and recurrent cost
of re-establishing the University on the proposed
basis, and this of course is the reason for my
bothering you with the affairs of the Hong Kong
University.
As you will see from the memorandum, the
estimated capital expenditure is £716,000 and the
recurrent expenditure £152,500. It is hoped that in
view of the very strong U.K. reasons for re-establishing
this University on a basis which will enable it to
make
fo provide reasonable provision for students in China,
sympathetic consideration will be given to the grant
of assistance from U.K. funds towards these capital
and recurrent costs. The figures suggested are a
grant of £500,000 towards the capital expenditure and
an annual subvention of £30,000 rising to £45,000 by
£2,500 per annum over a six-year period.
We feel very strongly that the results which
are likely to be achieved in the direction of Anglo-
Chinese understanding and co-operation from the
provision of facilities at the Hong Kong University
for students from China on a reasonable scale will
prove to be very good value for the assistance for
which we are asking from U.K. funds, and that the
expenditure will be well worth while, even in these hard
times. I should like to say that this has been the
subject of some discussion between my Secretary of State
Stüvegh /suppor
and Mr. Bevin, both of whom,support the proposal for U.K.
financial