CO129-625-5 Hong Kong University- establishment fund 1-3-1950 - 31-1-1951 — Page 12

1

C.O

Draft

TELEGRAM /

*

* SAVINGRAM

* The word Priority may be entered here, if necessary.

To:-

GOVERNOR HONG KONG

Mr..

Hall 4/1

Repeated to:—

Mr.

Palmer

Mr..

Robison

Armilige Just 8/1

Mr. Adome.

Si ar Hall 1/1

Perm

My Robin

the Sidebothane

Parly. U.S. of S.

S.

12/1

M. Bandillon 12/1

File No. 12

54147/1/A/50

Sent.

hours.

.194....

15 JAN 1951

44

Priority:

To be transmitted :-

No.

Nil.

In Clear

9.

Reply urgently required.

Important.

aton

Immediate. Most Immediate.

Code

Cypher

Restricted.

X Confidential. X

Secret. Top Secret

and Personal.

(4)

(3)

(2)

for capital appenditure ]

Distribution-

I coby to 4. Qugins (Gorden Square)

Further action:-

Your telegram No. 1135.

University Endowment Fund.

1. It may not have been made sufficiently clear in

paragraph 6 of my savingram No. 708 of the 15th July, 1950,

that H.M.G. have not in fact reached any decision on the

proposal mentioned at B(iii)(a) on page 9 of the Report

of the Visitors, that H.M.G. should make a further grant

of £250,000 towards the creation of an Endowment Fund

for the University.

agreed to make available 2 H.M.G. have already provided for a total of

£500,000 from U.K. funds/and before any further con

therefore tribution een be contemplated I would be glad to know

whether it would not in fact be possible to provide man

the money required for the Endowment Fund from Hong

Kong sources. I am prepared to agree that bely sized provided forally by puthi subscription or by forming the 14.K. Yout money should be invested in public utility shares, and it

would appear that if a return of 12% can be obtained a

fund of about £375,000 would be sufficient to yield

£45,000 p.a. and meet the additional costs involved. If,

however, it is impossible to provide sufficient funds

from local sources and a contribution form HM.C. is still

deemed to be necessary,

consider it unlikely that HM.G.

Wt. 15855/746 5M 6-48 Wa, & Co. 51/3 Wt. 29377/790 50M 11-48 Wa & Co. 51/3.

fwould

Г.3.