CO129-593-5 Rehabilitation of Hong Kong University. For extracted photographs see CN 3-45- Provisional Powers Committee 21-8-1946 - 23-12-1946 — Page 175

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Treasurer, it. Forme, (larger of the Hong Kong Changhai Bank' which incicated that the university had capital investmenta in reistored sterling stock of £413,000. (1 en::loes a copy of this paper).

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You felt that before any consideration was given to a grant from public conies to the University they should be required to expend their own funda, I put this point to er. D.J. Slona Vios- bancollor of the Miversity who explained to me that the University's funds were tied up and coulû not be darrarni on. I attach a copy of a note which he has sent me giving further detħils of how this ospital is sade up, what bea been spent from the soured inosse and how it is proposed to utilise the balance of the imiversity's funds if the grant ia agreed to.

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You wil seo that the amount of the grant for which the "viversity aaka, and wɛlah we entirely support, is 95,700, (I thinc vo might make it £300,000 sinɔe in sny case I soe no jogical came for taking the period of h years by santha, The University's obligations still continue although finanaislly it is in the maze position sa during the Japerasse occupatio and is ruceiving no income other thin the c1,000 from atorling inostrants). We in the Colonial Office are sost axions that the oŭligations of the Univormity towards its staff shall be set and a start made towards ollecting the acion:i:io apparatus, surgical fittings and general equi mont that are moossary before the University can be reopened, evɛn on an austerity basis.

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i tentioned to you that the question of the future of the University wna under diamession ami that he were metting up an ad boo w..

Cmmittee to consider and advise on the policy which shold govern ite rehabilitation. In this

In this connsation you may be interested to see the attached extract from the letters of appointment, which have been sent to the various Lesbors stating the terms of reference of the Couitteca. You say feel possibly that a grant of £10,000 should to same extent be conditional on the conclusions reached as the result of the omittme's ad ios. I would sizess however that the

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