CO129-610-3 Rehabilitation of Hong Kong University 15-2-1949 - 7-2-1950 — Page 118

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them keep down the number of students

below the level at which the expansion

envionged would be justified.

E

་

A

chabl

ズ

and I thase amounts will

be used

to meet the greates

part of the annual cast

the increased

Haff

and expenses,

The actual result appears to

be

that the ₤250,000 invested in the

loan could be

16

meet

Lean Schedule

used

immediately Item 5-4 of the

Rehabilitation - Grant to Heng Kong Univeraly - whilst the thurverity received $347, 300 a year for fifteen years from the I. n. Gout

Le rennes

towards recurrent

development experacture. We do not know whether,

pers

po

we

Comed

wall the repony that butthat procesture was

ur.

accordance

with

doubtful footer is the Pro!

mins to pay for thom bai

arrangemente proposed rNA

sime, according to the university's -

POX HAINS

We hoté

3.

a is great of 2250,000 that it is proposa

or is to invest H..C.'s

erpt in the gehabilitation loan on

which will be reford to the University by eul annuel drawings of capital

fifteen years;

and interst

but, apart from various

echnical

difficu. tied, it appears to us that in so

for as they would mean applying the

resultant an uel cum to recurrent

expenditure, they desert to such-an

nt from the Chancellor of the

Lxchequer's expressed wish th t the grant

should be used for the rehabilitation

and development of the University; the treasury yourt

4.

e mest unlikely bo

these! Bring in x

on last sheet]

but me.

All those uncertinties add up in

our minds to a doubt whether the

University is not planning too boldly.

The new or widened studies which it is

proposed to introduce, as they are outlined

in your paragreb 11, are all undoubtedly

desirable, and we recognise the vision which

has gone to their planning. But planning.

must be related to porcibilities, and,

putting possibilities at their worst, the

prospect