WEDNESDY, JUNE 6, 1990
29 -
UP ΤΟ
IN ORDER TO
"FIRST, THE PRIVATE SCHOOLS REVIEW COMMITTEE (PSRC) SET ADVISE ON ALL MATTERS RELATING TO THE DSS, ADVISED THAT
PARTICULARLY MAKE THE DSS ATTRACTIVE TO AIDED SCHOOLS, ESTABLISHED ONES IN OLD BUILDINGS WHO MAY WISH TO JOIN, SOME CAPITAL ASSISTANCE ASSURANCE WOULD BE NEEDED TO GRANTS UNDER THE CODES OF AID," HE SAID.
T
THOSE FORM OF REPLACE THE PRESENT
'THE GOVERNMENT HAS ACCEPTED THIS ADVICE SINCE IT IS TO ATTRACT FROM THE OUTSET A NUMBER OF AIDED SCHOOLS WITH REPUTATIONS INTO THE DSS.
IMPORTANT ESTABLISHED
PLACES IN INTERNATIONAL CONCERNS, OVERSEAS BUSINESS
SHOW AN EXPANSION,
APPRECIABLE
"SECONDLY, PROJECTIONS OF DEMAND FOR SCHOOLS ARISING FROM
BY INVESTMENT RETURNING EMIGRANTS AND TERTIARY SHORTFALL IN THE PROVISION OF PLACES IN THE 1990'S.
"THIS INDICATES CONSIDERABLE EXPANSION OF EXISTING SCHOOLS."
SECONDARY SCHOOL
OR
A NEED FOR
ONE NEW
THE GOVERNMENT'S LIMITED TO
THE
PRESENT POLICY PROVISION OF A
TOWARDS PRIVATE
THE SPOKESMAN SAID INTERNATIONAL SCHOOLS WAS TREATY GRANT OF LAND AT NIL PREMIUM.
"SPONSORS OF INTERNATIONAL SCHOOLS HAVE FOUND DIFFICULTY THE EXTRA DEMAND FOR RAISING ADEQUATE FUNDS FOR EXPANSION TO MEET PLACES, PARTLY BECAUSE THE TERMS OF THESE LAND GRANTS PREVENT MORTGAGING OUT THE PREMISES AS COLLATERAL TO SECURE LOANS ON THE MARKET, AND PARTLY BECAUSE OF RAPIDLY RISING CONSTRUCTION SAID.
SCHOOLS
OPEN COSTS, HE
SUPPLY
"AS IT IS IN HONG KONG'S INTEREST TO ENSURE AN ADEQUATE
LOANS
BE WILL OF SUCH
PLACES, SCHOOL
CAPITAL. ASSISTANCE AVAILABLE TO INTERNATIONAL SCHOOLS ONCE THEY HAVE JOINED THE DSS.
SHOULD
AN ACT AS
"THE AVAILABILITY OF THESE LOANS TO ENCOURAGE INTERNATIONAL SCHOOLS TO JOIN."
THE SPOKESMAN SAID THAT THE LOANS WOULD BE AT NIL REPAYABLE OVER 10 YEARS. ANY INCREASE IN SCHOOL FEES TO LOANS WOULD NOT RESULT IN A CORRESPONDING REDUCTION SUBSIDY.
AND
MADE
INCENTIVE
AND INTEREST FINANCE SUCH IN GOVERNMNET
UNSERVICEABLE
CASE
OF
ΤΟ
"THE LOANS CAN BE USED FOR REDEVELOPING OLD
AND STRUCTURAL REPAIRS, MAJOR
IN THE SCHOOL BUILDINGS, INTERNATIONAL SCHOOLS JOINING THE DSS, FOR EXPANSION OF FACILITIES MEET ADDITIONAL DEMAND," HE SAID.
TO A STANDARD ON THE SCHOOLS
"THE AMOUNT OF THE LOANS WILL BE LIMITED FOR EACH SCHOOL
COST OF A MAXIMUM CUMULATIVE TOTAL OF 155 PER CENT OF THE AIDED SECONDARY SCHOOL WHICH AT PRESENT IS ABOUT $34 MILLION,
FOR ASSISTANCE BASIS THAT THIS IS THE FOUNDATION SCHOOLS.
CEILING
ΤΟ
ENGLISH
"THE LOANS WILL BE MADE AVAILABLE TO OF THE LEVEL OF SUBSIDY THEY RECEIVE.
DSS SCHOOL
"
IRRESPECTIVE
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