29
+ ? ₤25,000 -See (SB)
Sir C. Parkinson.
From such figures as are available it
appears that a capital expenditure of some £16,000
X and an annually recurrent expenditure of about £500
a year are involved. These are, however, in no
sense firm figures and we should have to write a
further despatch to Hong Kong to have them confirmed
if there is any question of pursuing the matter at
the present time.
It was always hoped in our discussions that
a part of this additional expenditure would be met
from private or public subscriptions, especially from
the Chinese. The important part of the project is
the annually recurrent expenditure involved and it
was contemplated that possibly a fairly large sum
might be raised and invested, from the interest on
which the annual expenditure could be assured.
Otherwise sooner or later further calls would be made
upon the Hong Kong Government's finances to keep the
University going. It was felt that in view of the
war it was useless to try to raise any private or
public subscriptions and for that reason, as well as
because of the Treasury attitude, it was agreed with
Dr. Sloss's reluctant acquiescence that we should not
pursue the matter further at the moment.
Jom.
12.10.39.
x
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