CO129-593-3 Rehabilitation of Hong Kong University. For extracted photographs see CN 3-45 12-1-1946 - 27-10-1946 — Page 74

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proportion of students from the Dominions over the past ten years amounts to about 31%) It would perhaps be most appropriate if the support of the Dominions took the form of the endowment of Chairs. An unofficial approach to Mr. Nash of the New Zealand Government, has suggested that that Government would be prepared to consider proposals, and if the Foreign Office are prepared to support the Committee's recommendations in principle, it might be opportune to raise the matter with the Governments of New Zealand, Australia and Canada with a view to seeing whether they would be prepared to make grants towards the £350,000 needed for this purpose.

University's

Pre-war Financial Position.

10. Examination of the Accountants' Statement of the University's financial position over the five years preceeding the outbreak of hostilities shows an increase in the amount paid for a bank overdraft. This indicated the insufficiency of the University's income to meet the cost of maintenance even before the war.

A. lee

September, 1946.