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 208

-2-

(b)

(c)

in war-time conditions have been made, it would mean that a

number of men would hardly have sufficient to meet the costs of normal re-equipment. Further, men in the Prisoner of War

Camp and in the Civil Internment Camp were

Japanese currency at inordinately high rates.

compelled to buy

The money was

201

necessary to maintain a bare minimum standard of living and now it has to be repaid in sterling. (Money was borrowed at the rate

of 10 Japanese Yen to the English pound when the gold price of Yen in Hongkong did not justify any higher rate than 2,000 Japanese

Yen to the pound).

The University, if it is to be re-opened, must recruit almost

Recruitment is a complete staff of senior teachers in England. going to be difficult in any case but the difficulty of getting trained men will be insuperable if the University gets in England the reputation of dealing less than generously with its Officers.

It is understood that Government Servants in Hongkong are