CO129-538-1 Hong Kong University 31-12-1931 - 6-8-1932 — Page 258

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IV. Summary of Recommendations.

365

Our recommendations regarding the disposal of

that portion of the China Indemnity fund which has been entrusted to the Universities China Committee are based on the assumption that only the interest will be available for

This is in accordance with the purposes which we have in view. the condition on which the grant was made, as specified in the following extract from Sir Miles Lampson's Note to Dr C.T.Wang dated September 19th, 1930: "The grant to the Universities China Committee will be invested as an endowment fund, the proceeds of which will be used inter alia for inviting eminent Chinese Our recommendations to give lectures in the United Kingdom." also assume that the whole of the capital, amounting to £200,000, will be so invested as to produce an income of not less than £9,000 a year. This sum, if our proposals are accepted, will

be distributed as follows:

-

Four Visiting Lectureships, tenable

wwwwwwwwwwwwwwwwwwwwwwww.d ordinarily by two Chinese and

two British university gradu-

ates of distinction, for one

year or less, renewable at the

option of the Committee, at

not more than £750 each in-

clusive of all travelling

and other allowances

Three Research Fellowships (or

more if funds are adequate)

of which at least two should

be held by Chinese, tenable

for one year (renewable at

the option of the Committee)

at not more than £700 each

inclusive of all allowances

£3500.

2100