CO129-586-3 Grant of subsidies to vernacular schools 4-6-1940 - 7-8-1941 — Page 43

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principles of the Advisory Committee's Memorandum on Grants-in-Aid, 1933. By its proposals, Government

recurrent subsidies will be based on the difference

between the school's approved expenditure and its income from school fees, the amount of subsidy being

not less than one half of this difference.

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The approved expenditure may include salaries

at specified rates, and rent.

Provision is included for capital subsidies in

aid of buildings and equipment.

It is estimated that the new proposals will mean an immediate increase of approximately 60% in the amount of Government recurrent subsidies to existing

subsidized sclools.

(Sgd.) C.G. Sollis.

Director of Education.

28th May, 1940.