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

2?

Saving.

54147/3/50 H. Kong

Your Ref: Sec.2220/45 (IT)

From the Secretary of State for the Colonies.

To the Officer Administering the Government off....HONG KONG

Date

15

August, 1950

8

No.........

Saving.

Your savingram No.304 of 14th March.

Loan of £30,000 from Hong Kong funds

to Hong Kong University.

I approve your proposal to waive any question of interest and to negotiate with the University for repayment of the loan over a period of twenty or up to thirty years.

SECER.