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 152

159

ENCLOSURE No.

Copy.

UNIVERSITY OF HONG KONG.

25th March. 1926. '

Rt. Hon. Viscount Willingdon, G.B.E., G.C.S.I., G.C.I.D.

The British Consulate General.

Shanghai.

My Lord,

I now enclose for the information of your Lordship

Your

and the Boxer Indemnity Deputation twelve copies of a

memorandum on the debts due to this University on account of

certain scholars sent to it by the President of the Chinese

Republic and various Chinese Provincial Governments.

Lordship will see from the statement attached to the

memorandum that the debt still due to this University on

account of the scholars referred to above amounts to (H.K.)

$106,780.29. Your Lordship and the members of the Deputation

will appreciate the fact that these scholars have been

educated, housed, fed, provided with books, and in some cases

even clothed at the expense of this University.

The authorities of the University have always hoped

that eventually the money would be paid in full and held that it

would not be fair to the scholars concerned to send them away

in the course of their University careers. Some payments have

been received but the doubtful nature of these outstandings

as assets in the unsettled state of China which has prevailed

for some years, and still prevails, has compelled the

University to set aside every year an amount of money against

these claims. Thus, money badly needed to meet the University's

urgent requirements, has had to be diverted to form a set off