CO129-625-7 Hong Kong University- Provisional Powers Committee 1-3-1950 - 31-12-1951 — Page 2

Al

1.

You

Tel. 304 Sar (Ref. 34 on '46)

Since the Governor

14-3-50.

2

was

an formed (sex (34) on

30,000

-/45-6) that the interest free loan ft 30,

to the Chronsity which had been proposed from H.K. funds, Treasury

could be made

control over Hike's finances has

relaxed (see (25) on

I can

see

ow

finances has been

54126/5/48)

and so far

approval would

nov

be

required for any expenditure the Crovera might involve Munself in in connection with thi

loan

it into a

in (14) on

even

as to convert

if he went so for free grant. The fact before that

- /45-6 the treasury

reserved

its position and (see para 3) said that the terms and conditions of repayment could

be discussed later does not, it seems

mean

me, any say that

om

Changed

I think

15

that we should expect to have

in these

these Ceums

control over

the proposals

f

conditions now

H.K's finances had

that wise should simply approve Whatever we may

ii (1)

think of them within the Governor's discretion detailed in para 3(a) of (25) on

as they are cleanly something

on 54126

54126/5/45

28/3/50 PTU.