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THURSDAY, MAY 21, 1987
FIRST JOINT MEETING OF MEMORIAL FUND ON SATURDAY
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THE BOARD OF TRUSTEES AND THE COUNCIL OF THE SIR EDWARD YOUDE MEMORIAL FUND WILL BE HOLDING THE IR FIRST JOINT MEETING ON SATURDAY (MAY 23), AND LADY YOUDE, A MEMBER OF BOTH THE BOARD AND THE COUNCIL, WILL ATTEND THE MEETING, THE BOARD CHAIRMAN, MR LEE QUO-WEI, SAID TODAY (THURSDAY).
*THE JOINT MEETING WILL DISCUSS THE INVESTMENT STRATEGIES FOR THE FUND- GENERAL GUIDELINES FOR APPLYING THE FUND'S INCOME BROAD AREAS FOR WHICH THE FUND'S INCOME MAY BE APPLIED AND METHODS AND PROCEDURES FOR APPLYING THE FUND'S INCOME IN THE 1987/88 ACADEMIC YEAR, HE SAID.
MR LEE WAS SPEAKING AT A CHEQUE PRESENTATION CEREMONY THIS MORNING IN THE DINING HALL OF THE LEGISLATIVE COUNCIL BUILDING, WHERE HE RECEIVED A DONATION OF $12 400 FROM THE EXECUTIVE DIRECTOR OF THE AMERICAN CHAMBER OF COMMERCE, MR RALPH SPENCER.
THE DONATION WAS THE SECOND CONTRIBUTION FROM MEMBERS OF THE CHAMBER. THE FIRST DONATION OF $100 000 WAS MADE ON MARCH 6.
MR LEE PRAISED THE CHAMBER'S INVOLVEMENT IN COMMUNITY AFFAIRS AND CIVIC-MINDED PARTICIPATION IN LOCAL MATTERS.
INCLUDING THIS MORNING'S DONATION, HE SAID THE FUND HAD COLLECTED MORE THAN $81.6 MILLION.
MR LEE HOPED THE PUBLIC WOULD CONTINUE TO SUPPORT THE FUND AND DONATIONS COULD STILL BE MADE AT ANY DISTRICT OFFICE OR TREASURY OFFICE, AS WELL AS SOME 300 BRANCHES OF THE HONG KONG BANK, THE HANG SENG BANK AND THE HANG LUNG BANK.
SUBSIDIES FOR PERFORMING ARTS ORGANISATIONS, ARTISTS
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PERFORMING ARTISTS AND ARTS ORGANISATIONS IN THE TERRITORY WILL RECEIVE ABOUT $17.8 MILLION IN PUBLIC SUBSIDIES IN THE 1987-88 FINANCIAL YEAR UNDER THE GRANT APPLICATION SCHEME OF THE COUNCIL FOR THE PERFORMING ARTS.
THE COUNCIL HAS ALREADY ADVISED THE GOVERNMENT THAT SOME $16.3 MILLION WILL BE AWARDED AS GENERAL SUPPORT GRANTS TO FIVE PROFESSIONAL PERFORMING ARTS ORGANISATIONS IN MEETING PART OF THEIR RECURRENT COSTS FOR THE YEAR.
HE ORGANISATIONS