CO129-462 - Governor Sir Stubbs - 1920 [7-10] — Page 217

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TELEGRAM from the Governor of long Kong to the Secretary

со

of State for the Oolonies.

41274

Dated 19th/August.

REL

20 2560

1920. )

(Received Colonial **ce 3.55 a.m., ES

Regret to inform you that enquiry of Commissioners izta

affairs of University reveals position of actual insolvency

overdraft of $500,000 and deficit on this year of $145,000

which is not likely to be decreased in future years.

Consider it of vital importance for prestige of Colony

and British name in China'that University should not be

fiasco which is inevitable unless substantial assistance

is given by Government. I propose to invite Council to agree to provision of $1,000,000 for endowment and

increase of annual grant to at least $50,000.

$1,000,000 will be instead of $250,000 previously

promised (Photo) from shipping money-

(99-pzorided

The A128K

I propose to take

whole sum from that money in first instance taking risk

of losing actions now pending for its return to shipy

owners. If case went against us money could be found

from balances, Shall also appeal to public but that will.

meet with no success unless Government aomes forward firs and generously. Position and prestige would be greatly strengthened if you could secure payment to University

of some part of Boxer indemnity or by increasing however slightly grant now made from His Majesty's Government for scholarships. It is of vital importance that good Vice Chancellor should be obtained quickly can you get Board of Education to recommend competent person must be of high academic qualifications but is even more necessary that he should be strong man able to instil discipline

out of hand into staff which is on our bande-and over anxious about money making. Would be glad to receive as early as poasible your approval of financial proposals.

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