CO129-625-6 Hong Kong University- endowment fund 1-5-1951 - 30-9-1951 — Page 62

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und with the Paskui

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nounced that the University of Hong Kong

has recently sought assistance from H.M.G. towards the

creating of an Endowment Fund of £1 million for the

University.

As has recently been announced, the Japanese assets

in the territories which were over-run by the Japanese be paced at the disposal of the S. qs for the Col's

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i

will be applied for the benefit of all the territories so

over-run.

After consulting the Governor of Hong Kong the S. gs. has

Go have

the has

decided that a sum of £750,000 out of

The Benefit of

the assets so made available for/Hong Kong should be

`contributed by H.M.G. towards such an Endowment Fund in

expectation

million

the confident hope that the balance of £1/required will

from

be raised by local subscription

Jim S, JS. has & express the hope

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t

G. have

further decided that a proportion of the sum se cen

fund sie created

applied

ised by them nào là ve silocated towards the

provision annually of an adequate number of scholarships

Jemal

at the University for the benefit of the whole community

of Hong Kong.