El
TELEGRAM /
*
To:-
Draft
File No.
SAVINGRAM
• The word Priority may be entered here, if necessary.
C.
Mr.
Hall 17/7
Repeated to :-
Mr.
Sidebotham |,
Mr. Paskina $7
M....................
Sir
Permt.-U.S. of S.
Parly. U.S. of S.
S. of S.
atr
(4)
Priority :-
governor Hong Kong
Distribution :—
Nil.
GOVERNOR
HONG KONG
Reply urgently required. Important.
L. IMMEDIATE
Methediater
RECEIVED
Further action :—
19 JUL 1957
15
Your telegram 757.
To be transmitted :—
In Clear
Code /CODE -Cypher
University Endowment Fund.
Cofiorutal and
10.
54147/1/A/5179
hopp
Sent. Code
2370
hours.
15/7/19251
No. Ebb
No
Restricted: Confidential.
Seeret.
Top Secret and Personal.“
Following personal from Sidebotham. Begins.
Proposals in your savingram were discussed fully
with persons indicated in your telegram under reference who stressed that there was little prospect of raising money in Hong Kong unless H.M.G. agreed to contribute
an equivalent sum up to £250,000.
2.
Treasury have not yet been formally approached
SEEMS fur fot
but in present circumstances there is little chance of any money being made available particularly in view of
£500,000 already xxted granted to the University.
3. As you know U.K. are proposing to use Japanese assets in the U.K. to benefit ex prisoners of war, etc.
Your telegrams 748 and 760 foresee difficulties in
adopting a similar scheme for Hong Kong. Japanese
assets in Hong Kong are thought to amount to £1 million
and on understanding, which has not yet been
finally
ly
agreed, that assets in the Colony will be at your
possible disposal, it appears to us that one/solution to present problem would be to hypothecate all or some of these
Japanese assets for the establishment of the Endowment
position of the trivisty
Carretory. Fund. 4 The is being submitted to Ministar
hole [is Plate who ingested should discuss with
and
it hip
meeting with Morse and Lo, is envisaged,
Wt. 23588/882 50m 9.49 Wa. & Co. 51/3
SLAY
of Sloss thoman's pat
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