CO129-610-2 Rehabilitation of Hong Kong University 9-1-1948 - 18-1-1949 — Page 224

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Mr. Watson

In accordance with the recent Office instruction,

I am sending you, for the information of the Secretary

of State, the following summary of a savingram which has

just been received from Hong Kong regarding the

Hong Kong University. The savingram will, of course, be

registered on the relevant file and the latter will be

dealt with as quickly as possible.

The savingram from. the Governor deals with the

financial needs and, in view of the failure to get a

contribution from U.7. funds, proposes that the capital

expenditure of $4,000,000 should be met from the

Public works allocation of the rehabilitation loan

and that the whole of the estimated annual deficit of

Al million should be met from Hong Kong funds. The

capital expenditure is the amount required to complete

the reconstruction of the University buildings and for

the purpose of constructing buildings, completing

equipment and workshops and augmenting the library in

accordance with the plans which had been approved in

1941 but which were frustrated by the outbreak of war.

The Governor has enclosed with his savingram the draft

of a public statement for simultaneous release in

Hong Kong and the United Kingdom.

I am sending copies of this note to Mr. Newsam

and Mr. Osborne.

would like to be assured about this.

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