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 176

175

In (I think)

grant salad for is in respect of past obli ations, the unlikely event of the University being wound up and the Government taking over such of its finotions as are considered essential to the Colony (*.g. the indionl School), ay noos:sary financial adj s trent could then be made in relation to the £29,000 whébb it is estimated the University will hold aftor its obligations have been met if the grant is received,

\X. Slona's note is a rough one, but you will appreciate thm diffimilty of obtaining accurate figures. If there sze any further points wpan which you wish clarification would you like me to bring 17. tloss to the "ressury to meet you?

It may occur to you that the procedure sugested for financing the University's expenditure differs from: that adopted in the case of Hafrics Jallage (see Treasury 5.49917/01 of 3.7.42), vimene the expenditure an allotments and saiurice is charyed direct to Coverïment fusta pending mŭjuntzem with

allege funds when thame can be unde avilable. The ressen far this different procedure iɛ that lr, buras, who is sotim na Freumer to the Hong Kong University, iɛ alad hanager of the Hong Kong, and thony land Emanic where the University's invest- ments are held. He has thun felt justified in paying

allotments to depenāmata during the period of the Jagarose socupation from the Bank's funda våthout calling on Governmené funds for sesistance (see Treasury letter .49517/01 of 28.2.42). Girocastanows there semn to un advantages in

In these direcast

expenâture in respect of the University, continuing to be met (FOM NON-COVErtment soɑross, but, as explained above, it will be seogseary to suplement the funds at the disposal of the University if all the experiiture proposed is to be met, I nope in thone airo zatonces you will agree tint there ar

/good