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 162

169

- 5-

Scholarships for men.

First year

10 x 1,200

12,000

Second Year

20 x 1,200

$24,000

Third Year

30 x $1,200

$36,000

Fourth Year

and subsequent

years

40 x $1,200

$48,000

Scholarships for Women.

First year

2 x 1,200

$2,400

Second Year

4 x

1,200

11

$4,800

Third Year

6 x

1,200

$7,200

Fourth Year

and subsequent

years

8 x $1,200

$9,600

Thus a maximum annual expenditure of $57,600 or roughly

$58000 is involved.

to £5,800.

This may be taken as roughly equivalent

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.

7.

Turning to the post-graduate scholarships tenable

in England, the present suggestion is two such scholarshi s awarded every year. It is suggested that the value of each

scholarship should be fixed at £1,000, irrespective of the

length of the schol: rship's tenure. It is estimated that the

scholarship would be ordinarily tenable for 2 years, but if

a scholar remained longer this ould not affect the cost of

this scholarship scheme. The cost of this scholarship schere

may be thus stated:-

For the first year

For thesecond year and subsequent years

2 x £1,000

£2,000

4 x £1,000

=

£4,000