Saturday, February 2o, 1776
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$500,000 ALLOCATED FROM LI PO CHUN FUND
Half a million dollars from the Li Po Chun Charitable Trust
Fund were made available to worthy students and people in distress
during the year ended last August.
Of the total sum, $250,000 was awarded as scholarships
to students to undertake studies locally and abroad.
Another $249,800 was allocated to the Social Welfare Department
for providing temporary relief to people in distress who had no
adequate assistance from other sources.
The Li Po Chun Charitable Trust Fund was established in
1963 and is administered by a Committee chaired by the Secretary for
Home Affairs. The fund consists of a number of shares in local
companies, donated by the late Mr. Li Po-chun, together with dividends
derived from the shares.
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Scholarships are available for students at the universitics,
the Polytechnic, technical institutes, pre-vocational schools and
English secondary and Chinese middle schools.
Last year, a post-graduate scholarship was awarded to a student
to take up a course of study at the University of Leeds.
Of the sums allocated to help the neody, the largest amount. •
over $92,000, wis distributed as grants to those whose circumstances
were not covered by the provisions of the public assistance scheme.
The second largest sum, amounting to over $84,710, was disbursed
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as temporary grants for rent and other essential payments.
Grants for removal and re-accommodation, resite-hut con-
struction and school fees together amounted to over $69,000,
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