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 168

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view is taken that it seems not u likely that the Committee

will take a favourable view of Sir R. Stubos suggestion that

these debts should be regarded as a first charge on the

Boxer Indemnity Funds. These debts amounted on the 31st April last to Hong Kong dollars $106,780,29 or roughly

£10, 700.

17.

The amount required to settle this debt would bring

the capital amount asked for in this letter up to roughly

Hong Kong $1,330,000 or roughly £137,500. In other words the

claim which we are venturing to press in this letter is for

£137,500 capital and an addition to the University's income

of $169,000 or £17,500 together with £10,000 for Scholarships

or roughly £27,500.

I am, Dear Lord Willingdon,

Your sincerely,

(Sga) C. Clementi.

CHANCELLOR.

University of Hong Kong.