CO129-567-13 Hong Kong University- King Edward VII scholarships 17-10-1938 - 25-1-1939 — Page 2

C.I.

Finance.

Acets.

11.

4. men was destill, to Hong Kong No. 345.

A.

To Dec. Treas B/1sh with copy above

on 145 a/cs).

(sent

17-40.38.

2

20.10.38

2. For 8/2

29.11.38

(QeRo / reuben's comments. Caso appone for utilization Handino b in Creasing

Scholardan next few

s 4 be ŵanted.

sears)

سمر

On August 31st, 1938, the balance of the

King Edward VII Scholarship Fund was £888, showing

that the increased expenditure on account of the

scheme for increased scholarships reported in 1934

is not being carried out in full. This is due in

the main to the fact that no new scholarships were

awarded in 1934 tenable from the beginning of 1935,

with the result that during 1935 there were only five

scholarships in operation instead of the eight

contemplated under the new scheme of allocation.

The consequent deficiency has since never been

caught up, with the result that the fund is better

off by £480 than it would have been if the original

intention had been carried out.

Before our despatch at 1 was drafted,

the Colonial Secretary had already submitted to the

University proposals for the utilisation of this

surplus (enclosure 3).

These proposals are that at

least twelve scholarships should be awarded during

the five years commencing with the academic year

1939 to 1940, so that by 1945 to 1946, the surplus

is likely to have disappeared:

and they were made

on