CO129-625-3 Hong Kong University- rehabilitation (1950) 1-1-1950 - 31-1-1951 — Page 32

32

outside, the University would be in a far stronger position of independence.

Jaw Beams.

18th October, 1950.

Jon Hall

minute

1. With

omit the

regard

to para I of

of 18/10 above

last para of

announcement

stated

In Adams

that we should

The proposed

I

agree

aft 'B' for the

reasom

In Adams. Ju have not altered

d by dft and have left in for you to

You agree.

the

to do so

i

date for

the date

will

2. On the question of the

the public

more important to H.K. than to

annonn cement

I thrice be

us.

askiding

I have therefore added a

3.

a date &

para. to deft 'B' tume for release. Para. 2 1 In Adams minte of 18/10

H.K. to suggest

invent

718/10

deals with the question of the endowment fund. It is clearly a great temptation to money in high-yielding local stocks rather than in low-yielding gilt-edged (vide O.a.G's proposals in (30) them setting the Murivinsity

it's feet as regards recurrent expenditure much smaller found than would

on

with

a

otherwise be necessary. The main argument

favour of this

in

by

University

seem

Te

that used

s also adduces

In Nicoll at 'X' of (31) that the

The Colony since or scomm together. In Adann however suggests that this is in fact not quite the case other arguments against putting ihrversity's money in 4. It seems to

question

the whole

has now

all

the

local stocks.

The however that

tion of the endowment fund become so involved of has brought

that we should not

up so many issues

/attempt