CO129-610-3 Rehabilitation of Hong Kong University 15-2-1949 - 7-2-1950 — Page 120

116

Cil roserved out of +Ing KongIs

kerritori 7 C

ri 1 C.D. . allocation for

urben dovelonnent should not be devoted

to the pur noses of the Feiyrsity

that I

dven

not conflict

way

with the Chancellor's with

any

there remains

x

[Transfer. I and

of para 37

Even

were

agreed

the big disseulty, discused in sere. Be ch zu deserteten

The objection of that

at

end of the fifteen year's the unwerty;

would suddenly drop by

income

$347, 300

a gear,

of

wcome

and an alternative

would have

if the additional

retained.

staff

店

Berence

be found

were to be

If there fore the ₤250,

000

by the University

invested by the

were

15

be

30 that the

income

could be

used

15

development expenditure

To be wiser

finance

annual

it would

Deem

such

a

manner

a

would

to invest in

france

a

continuing, although

admittedly smaller,

would

not

ce ave

end

income which

at the

of fifteen years.

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