CO129-586-3 Grant of subsidies to vernacular schools 4-6-1940 - 7-8-1941 — Page 47

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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.

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 sub-

sidized schools.

(Sgd.) C.G. Sollis.

Director of Education.

28th May, 1940.