CO129-610-1 Rehabilitation of Hong Kong University 3-1-1947 - 29-12-1947 — Page 185

memorandum then goes on to set out figures showing

the capital and recurrent cost of carrying out the

Committee's recommendation and gives a table showing

the nationality and domicile of students over the

period 1928-1941, with an estimate for 1950. The memorandum concludes with a recapitulation of the

arguments in favour of making a grant from the

Exchequer towards the capital and recurrent cost

of re-establishing the University on the proposed

basis, and this of course is the reason for my

bothering you with the affairs of the Hong Kong

University.

As you will see from the memorandum, the

estimated capital expenditure is £716,000 and the

recurrent expenditure £152,500. It is hoped that in

view of the very strong U.K. reasons for re-establishing

this University on a basis which will enable it to

make

fo provide reasonable provision for students in China,

sympathetic consideration will be given to the grant

of assistance from U.K. funds towards these capital

and recurrent costs. The figures suggested are a

grant of £500,000 towards the capital expenditure and

an annual subvention of £30,000 rising to £45,000 by

£2,500 per annum over a six-year period.

We feel very strongly that the results which

are likely to be achieved in the direction of Anglo-

Chinese understanding and co-operation from the

provision of facilities at the Hong Kong University

for students from China on a reasonable scale will

prove to be very good value for the assistance for

which we are asking from U.K. funds, and that the

expenditure will be well worth while, even in these hard

times. I should like to say that this has been the

subject of some discussion between my Secretary of State

Stüvegh /suppor

and Mr. Bevin, both of whom,support the proposal for U.K.

financial