forth in the report of the Anglo-Chinese
Advisory Committes (the Buxton Committee)
pub: shed in 1926, to which the attention of
the Board of Trustees referred to below will
be invited. It appears to the Chinese
Government that the most advantageous plan for
providing such an endowment would consist in
the investment of two-thirds of the said
indemnity funds (namely the accumulated funds
now on deposit and all future instalments) in
rehabilitating and building railways in China.
The funds thus invested will be regarded as
loans advanced to the railways in question,
and the amounts which would be attributable to
the service of such loans will be applied to
educational purposes, The remaining one-
third of the total indemnity funds will in
part be similarly invested in other productive
undertakings, the revenue from which will be
devoted to educational purposes, and in part
used for educational purposes by direct
expenditure.
For the control, apportionment,
and administration of the said indemnity funds
remitted/
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