50
t
5. As a further expression of their willingness to assist Hong Kong, His Majesty's Government are prepared
(a)
(b)
to make an interest-free loan to the Colony up to a maximum of £3,000,000 to supplement any funds available to Hong Kong for the construction of a modern airport of international standards,
to make a free grant of £250,000 for the Hong Kong University.
6. Further discussions will take place between His Majesty's Government and the Government of Hong Kong on the apportionment of the expenditure incurred on goods supplied by His Majesty's Government to Hong Kong after civil govern- ment had been re-established.
7. Having regard to the financial difficulties with which the United Kingdom is itself faced as a result of losses incurred during the war, and having regard to the heavy burden which the United Kingdom taxpayer is called upon to bear, the above proposals represent a great effort and a very real proof of sympathy and goodwill.
COLONIAL OFFICE PRESS SECTION,
Colonial Office,
The Church House,
Great Smith Street,
S.W.1.
Tel. WHI 2366. Exts. 206, 207 and 134.
April 26, 1948.
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