CO129-610-1 Rehabilitation of Hong Kong University 3-1-1947 - 29-12-1947 — Page 46

나

G

give

Would if you agreed and could find the money similar cover for capital expenditure to be charged against long kong

40

stimates.

The following suggestions as to other possible ways of finding funds may be useful to you:-

(a)

Vide(54) (6)

(c)

(a)

5.

Hong Kong ur Memorial Fund, if there is likely to be a balance available after expenditure against the First and Second Schedules under the Ordinance has been pict

There may be certain be get from C.D. in corresponding amount of University.

at present proposed to be met from items/which might perhaps

Funds, thus releasing towards re-establishment

Possible limited assistance from British Council from its foreign expenditure in view of value of University in Sino-British cultural relations. This is being investi- gated, but prospects not good.

Local subscriptions.

In connection with sub-paragraph (d) above, we have noted paragraph 1 of your telegram, if prospects are poor, possibly Government dollar for dollar contribution up to an agreed limit might help.

6.

Subject to suggestion in paragraphs 4 and 5 above there seems to be no alternative to meeting capital grant of $4,000,000 as well as recurrent deficit from Hong Kong funds.

7. I am