CO129-524-2 Hong Kong University- financial position- Chinese studies- future of the Chinese school and the Annual... 27-1-1930 - 12-8-1930 — Page 11

11

To hotel 48 (jand) 25 July 1930

DESTROYED UNDER STATUTE

Seen

Art M

31-7

Recive! with the Bozer Indemnity pp as directed in puur minute overleaf. пізни I understand that my have in mid the present as favorable time for the payment to H/K university of the ₤265,000 lanmarked from B.I. funds because of (a) the low sterling equivalent

of the dollar; and

(b) The University's ingent

need of funds. The position is that the proposed allocating to the Unversity is to be paid out of the Indemnity funds now undeposit. before they are handed over to the Chinese root and "by virtue of the act of Parliament which will

have to be passed

eventually

in order to deal with them!" (see § 3 of 20 in 62708/29).