XN000022-1985-01-11 — Page 2

FRIDAY, JANUARY 11, 1985

SHAW FOUNDATION DONATES $106 MILLION

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VÅRD

+AS THIS NEW YEAR OPENS, THERE IS A RENEWED AIR BOTH OF ACHIEVEMENT AND OPTIMISM IN HONG KONG, THE GOVERNOR, SIR EDWARD YOUDE, SAID THIS (FRIDAY) AFTERNOON.

HE SAID IT WOULD BE REFLECTED IN FULL MEASURE IN THE COMMUNITY SPIRIT OF THE MANY CIVIC-MINDED INDIVIDUALS IN OUR SOCIETY.

SPEAKING AT A TEA RECEPTION AT GOVERNMENT HOUSE TO MARK THE DONATION OF $106 MILLION BY THE SHAW FOUNDATION TO VARIOUS INSTITUTIONS, SIR EDWARD THANKED THE COUNCIL CHAIRMAN OF THE FOUNDATION, SIR RUN RUN SHAW, FOR HIS GENEROSITY.

THE BULK OF THE DONATIONS - $73 MILLION WAS GIVEN TO 11 EDUCATIONAL, MEDICAL AND CULTURAL INSTITUTIONS IN HONG KONG. THE OTHER $33 MILLION WENT TO SIX OVERSEAS ORGANISATIONS.

IN HIS ADDRESS, SIR RUN RUN DESCRIBED. THE DONATIONS AS +A SIMULTANEOUS EXPRESSION OF CONFIDENCE IN THE FUTURE OF HONG KONG AT THIS MOMENTOUS STAGE IN THE TERRITORY'S HISTORY, FOLLOWING THE SIGNING OF THE SINO-BRITISH AGREEMENT+.

+WE ARE CONTINUOUSLY OVERWHELMED BY THE SPIRIT AND COURAGE OF THE PEOPLE, WHO HAVE MADE HONG KONG WHAT IT IS TODAY.

+NOT ONLY HAVE THEY BUILT A PROSPEROUS PLACE BUT THEY HAVE DONE THIS WITHOUT LOSING SIGHT OF THE HUMAN VALUES INHERITED FROM BOTH EAST AND WEST,+ HE SAID,

SIR RUN RUN COMMENDED THE BENEFICIARIES FOR THEIR CONTRIBUTION TO THE COMMUNITY, AND SAID HONG KONG WAS INDEBTED TO THE PERSONAL GENEROSITY OF THE PEOPLE BEHIND THESE ORGANISATIONS.

+THE IR UNSTINTING GUIDANCE HAS ENSURED OUR PRIDE IN A PLACE WE LOVE,+ HE SAID.

SIR EDWARD LATER PRESENTED THE CHEQUES TO REPRESENTATIVES OF THE BENEFICIARIES IN HONG KONG.

THE SHAW FOUNDATION HONG KONG LIMITED WAS ESTABLISHED SOME YEARS AGO TO PROVIDE RELIEF TO THE NEEDY AND TO ENHANCE THE STANDARD OF HUMAN LIFE AND SOCIAL WELL-BEING THROUGH VARIOUS WAYS.

/FOLLOWING IS ..............