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Thursday, September 28, 1972
These schools were also given either capital subsidies or interest-free
loans, or both, totalling $14,595,042 and $2,725,100 respectively.
The spokesman said that the area to be granted was normally based at
the ratio of 1,000 square feet per classroom for a primary school and 2,000
square feet per classroom for a secondary school.
The degree of financial assistance applicable, he said, depends
on the type of project.
Capital subsidy is normally granted to fully-aided projects and
interest-free loans to private non-profit-making projects. The interest-free
loans are repayable over 11 years for a primary school and 21 years for a
secondary school.
Referring to the six sites granted last year, the spokesman said:
"The new schools will provide extra plases to meet the target aimed at providing
by 1976 three years of assisted post-primary education for 50 per cent of the 12-14
age group, and five years of assisted post-primary education for 18-20 per cent
of the 12-16 age group."
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