CO129-576-6 Hong Kong University- King Edward VII scholarships 23-2-1939 - 15-1-1940 — Page 5

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

5

X The Treas. Cir

asks for a report on The savings we pro- pose to effect, not on those we don't. But perhaps effect it will come to the same thing.

NASA.

were adopted the committee's recommendations

would have to be shelved for

the war.

The

Toy.

the devation of

ask that all expenditure be

elincinated which is not "essential to meet was

requirements or other pussing public needs." I doubt

whether this contulution could be said to fall within

this cate

On the other hand we have already

category. poristed art to the

Unwrsity from

an

Toy

the

usefulness of NK.

new, & I think

if they

Impsial point-57

that they might be reminded

9

X

His

sufpest discontinuing the part. I think ou

alt-bude snd. be that the disappenanu of the

rote would be a great pity, but that we could

not

really puss for its contiurance if the by. Iphose

it

ony firmly.

A.N. Galowntly /10

( I have hold th. Palur that (2) has been refisted on thisfile).

If the statement at 'A' that it!c. is for from being short of reade, cash is based upon the size of its surplus balances, it must be pointed out that these consist as to about 88% of the power to raise a loan (since the actual cash has been spent on loan works) that such a could hardly be raised in war time,

Loan

[when

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