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 181

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مستمعين

only

of this revenue the part that has been received during the war

is the £13,000 from sterling investments.

In this connectic

I showed you a rough statement of the financial position of the

University which had been drawn up by the Acting Treasurer,

Mr. Morse, (Manager of the Hong Kong Shanghai Bank,) which

indicated that the University had capital investments in registered

sterling stock of £413,000. (I enclose a copy of this paper).

You felt that before any consideration was given to a grant

from Public monies to the University they should be required to

expend their own funds.

I put this point to Mr. D.J. Sloss

Vice-Chancellor of the University who explained to me that the

University's funds were tied up and could not be drawn on. I

attach a copy of a note which he has sent me giving futher details

of how this capital is made up, what has been spent from the

accrued income from this capital of £18,000 pre. and how it is

proposed to utilize the balance of the University's funds if the

grant is agreed to.

C-

The

₤13.000

You will see that the amount of the grant for which the

University asks, and which we entirely support, is £95,700.

(I think we might make it £100,000 since in any case I see no

logical case for taking the period of 4 years 42 months.

University's obligations still continues although financially it is

treesing no inane oller than the in the same position as during the Japanese occupation. We in

the Colonial Office are most anxious that the obligations of the

University towards its staff shall be met and a start made towards

collecting the scientific apparatus, surgical fittings and general

equipment that are necessary before the University can be reopened,

even on an austerity basis.

I mentioned to you that the question of the future of the

University was under discussion and that we were setting up an

ad hoc Advisory Committee to consider and advise on the policy

which should govern its rehabilitation.

In this connection you

may be interested to see the attached extract from the letters of

appointment, which have been sent to the various members stating the

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