14+.2
63
This
and to including in that estimate provision also for the remaining 100,000 of the £250, 00 promised in 1948, will make angle funds available to the miversity for their building projects. as we see it, the issue from Colonial and Kiddle Castern Services Vote and Salmial Development and @elfare Vote are very closely linked and mast, we think, be issued concurrently in proportion to the share of the total capital expenditure to be borne from each sourse, In other words, it seems doubtful to as whether the first 250,0› ef capital expenditure should be found ent frely from Colomini Kiddle Eastern Services Vots and the sesond entirely from Colonial Development and olfare. It would be much more in accord with usual prosedure first to approve the plan as a shola and them to provide for the expenditure as it proceede as to 50% from Colonial and riddle eastern cervices and as to 50. From Colonial Development and selfare, \þáa would, we think, in no way binuer the issue of funds to Hong Kong and would keep the accounting on a simple bosis. se cannot for the moment decide just how mach will be required in the current financial year and we are provisionally inserting i10, 333 only in the draft Colonial and widdle astera servios istimmte now in course of preparation, ve shall let you know well before the estimate is finally alosed shather any daendusest of this figure is noDÈSEAZY,
se fully apprcolate that these proposals oso only be acceptable if the university con fulfil the conditions neeOSBETY for it to become an administering authority. so far we have only had an interim reply to our savingram saelased to the off set that in the Governor's opinion it would be preferable for the {miversity to administer the rant, and that while he expected that the univeƒ¡ity author fis
would be able to comply with the Docossary confwY" Laas', 'they not yet been able to give him the
/required