G.R.
67
the
We cannot for mmint aride just
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much
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and
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ane be
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ve
are
available to the University for their building
projects.
see it
As we XANA, the issues from C. & M. E. S.
Vote and C.D.
Vote are very closely linked
and must, we think, be issued concurrently in
proportion to the share of the total capital
expenditure to be borne from each source.
In
other words it seems doubtful to us whether the
first £250,000 of capital expenditure should be
found entirely from C. & M. 3. S. Vote and the
second entirely from C.D. & W. It would be much
more in accord with usual procedure first to
approve the plan as a whole and then to provide
for the expenditure as it proceeds as to 50% from
C. & M. E. S. and as to 50% from C.D.W. This would,
we think, in no way hinder the issue of funds to
Hong Kong and would keep the accounting on a simple
4
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£100.000
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only
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basis.
¡that
.
We fully appreciate that these proposals can
only be acceptable provided that the University can
fulfil the conditions necessary for it to become
an administering authority. I am Borry to say that So far we have only had an interim reply to our finally
to the effect that in the savingram enclosed end the TEYAGY W ty !! It will Gensene's opinion
it wo See paragraph 1 of (30). tourty be preferable for the University to
whlche expected that administer the grant, and anticipate that the
University authorities be able to comply with
und
ut for
Ras ull bene cattrall in assed vsuder
se
amendment
any
thes
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is
musary.
the necessary conditions, they have not yet
him
been able to give me the required assurances. He
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here asked that the matter should be expedited.
As
In view of the fact that the 1951/52 Estimates are
up
already being made out we decided however that
we should approach you on this matter without
waiting for a further communication from the
Governor. It is our hope that you will be able
to agree to our proposals in principle subject to
/the