CO129-583-15 Tung Wah Hospitals- financial arrangements 15-5-1940 - 19-6-1940 — Page 2

С.І.

MEDICAL

Gov. At Kong. — 249 —

உ

15-5-40

FINANCIAL | Refson 39 Requests approval of certai

financial matters, & foods copies of Hospital cetimater for 1940

Mais

clearly

Su 2 and munites on -129. The position set out by tub alsworthy

no need fur

me

and there is therefore

to re-itératé the terms and conditions upon which the cart. has undertaken o abridise

the Tung Wal group of hospitals, except pulaps to emphasize that the amount of the Gort; assistance

is to be determined by agreement after the exts. of expend.

the hospitals have beat drawn up, exammed and approved by Gort.

qu

250-19

we approved of certain

payments being made in respect of the years 1958 and

1939, other fust part of this desp. is merely of the action taken.

a

recitat

Turning to 1940, the 86. Kong Ests. include

a provisional cuand

of

$350,000 for the period if anzio

- 31 tuch "41, which is the period covered by the current

ests. of

the botony.

The hospitals' ests. in respect of

the calendar

fror, 1940, have now been prepared and approved

(coting matork). The est. excess of expert, over revenues,

Jallusi

of any

Ent. grant,

is $599,209. is proposed that this amont shield. be paid

and i

am

by Fort. Fite hospitals. The proportionati amont

for the calendar year clready

$280,000 so that a

$319,209

morided

Un tests is

Supplementary vote of

will be required.