CO129-625-3 Hong Kong University- rehabilitation (1950) 1-1-1950 - 31-1-1951 — Page 68

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67

the

We cannot for mmint aride just

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much

in

quind

cument

and

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ane be

frannual for

ve

are

available to the University for their building

projects.

see it

As we XANA, the issues from C. & M. E. S.

Vote and C.D.

Vote are very closely linked

and must, we think, be issued concurrently in

proportion to the share of the total capital

expenditure to be borne from each source.

In

other words it seems doubtful to us whether the

first £250,000 of capital expenditure should be

found entirely from C. & M. 3. S. Vote and the

second entirely from C.D. & W. It would be much

more in accord with usual procedure first to

approve the plan as a whole and then to provide

for the expenditure as it proceeds as to 50% from

C. & M. E. S. and as to 50% from C.D.W. This would,

we think, in no way hinder the issue of funds to

Hong Kong and would keep the accounting on a simple

4

Mariasily pos18.

£100.000

insuking in the maft

Canale now in

only

6·74・ L. S.

Comes

of impriation be sead

basis.

¡that

.

We fully appreciate that these proposals can

only be acceptable provided that the University can

fulfil the conditions necessary for it to become

an administering authority. I am Borry to say that So far we have only had an interim reply to our finally

to the effect that in the savingram enclosed end the TEYAGY W ty !! It will Gensene's opinion

it wo See paragraph 1 of (30). tourty be preferable for the University to

whlche expected that administer the grant, and anticipate that the

University authorities be able to comply with

und

ut for

Ras ull bene cattrall in assed vsuder

se

amendment

any

thes

буше

is

musary.

the necessary conditions, they have not yet

him

been able to give me the required assurances. He

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here asked that the matter should be expedited.

As

In view of the fact that the 1951/52 Estimates are

up

already being made out we decided however that

we should approach you on this matter without

waiting for a further communication from the

Governor. It is our hope that you will be able

to agree to our proposals in principle subject to

/the