CO129-492 - Governor Sir Clementi - 1925 [12] - 1926 [1-5] — Page 498

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

32

cont...

مدین

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6.

The salaries and fellowships would have to be paid in dollars and the sterling value of the dollar fluctuates.

Our previous scheme included a request for 25 scholarships a year for men, tenable at Hong Kong Univer- sity, at an annual cost of $1,200 for each scholarship, also 4 scholarships for girls of the same value and tenable at Hong Kong University and 10 post graduate scholarships tenable in Great Britain, the value of each postgraduate schoarship being £1,000 each, including passages. If we reduce the scholarships for men tenable at this University from 25 to 10 annually and the scholarships for women from 4 to 2 annually, then the cost of this part of our proposals would be:

Scholarships for men.

ندارد

D. Jig laiko m. lo esantiofi ext

-

First Year

Second Year

10 x $1,200

$12,000

20 x $1,200 =

$24,000

30 x $1,200

$36,000

Third Year

Fourth Year and subsequent Years

40 x $1,200 • $48,000

Scholarships for women.

1ški na jehoffoi fon..ch - tel Tek nolaire"

2: 069 96NLİKA: 101 000,00

matemil Jao Meðal

First Year

Second Year

Third

2 x $1,200

=

$ 2,400

4 x $1,200

ת

$ 4,800

6 x $1,200

E

$ 7,200

Fourth Year

8 x $1,200

$9,600.

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and subsequent Years

Thus a maximum annual expenditure of $57,600 or roughly $58,000 is involved. This may be taken as roughly equivalent to £5,800. But here again the payment to the University will have to be made in Hong Kong dollars and not in sterling because as

·

I have explained above the sterling value of the Hong Kong dollars fluctuates.

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