XN000022-1972-09-28 — Page 2

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Thursday, September 28, 1972

These schools were also given either capital subsidies or interest-free

loans, or both, totalling $14,595,042 and $2,725,100 respectively.

The spokesman said that the area to be granted was normally based at

the ratio of 1,000 square feet per classroom for a primary school and 2,000

square feet per classroom for a secondary school.

The degree of financial assistance applicable, he said, depends

on the type of project.

Capital subsidy is normally granted to fully-aided projects and

interest-free loans to private non-profit-making projects. The interest-free

loans are repayable over 11 years for a primary school and 21 years for a

secondary school.

Referring to the six sites granted last year, the spokesman said:

"The new schools will provide extra plases to meet the target aimed at providing

by 1976 three years of assisted post-primary education for 50 per cent of the 12-14

age group, and five years of assisted post-primary education for 18-20 per cent

of the 12-16 age group."

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