XN000022-1988-08-01 — Page 6

MONDAY, AUGUST 1, 1988

5

MORE FINANCIAL ASSISTANCE TO LINGNAN COLLEGE

HAS APPROVED INCREASES IN GOVERNMENT WITH EFFECT FROM SEPTEMBER

THE FINANCE COMMITTEE FINANCIAL ASSISTANCE TO LINGNAN COLLEGE THIS YEAR.

THE THE CURRENT

AN EDUCATION DEPARTMENT SPOKESMAN SAID TODAY (MONDAY) THAT COLLEGE WOULD RECEIVE AN ADDITIONAL $4.63 MILLION DURING FINANCIAL YEAR AND A FURTHER $10.38 MILLION IN 1989-90.

COMMITTEE

ACCEPTED

THE

FINANCIAL ASSISTANCE

FINANCE THE IN ADDITION, IMPLICATIONS OF EXTENDING THE EXISTING STUDENT FINANCIAL SCHEME TO ALL POST-SIXTH-FORM STUDENTS OF THE COLLEGE IN THEREAFTER.

1989-90 AND

ADDITIONAL GRANTS ARE ESTIMATED TO AMOUNT TO $1.06 MILLION ADDITIONAL LOANS TO $0.97 MILLION EACH YEAR.

AND

OF UP TO COLLEGE

LINGNAN

THE FINANCE COMMITTEE ALSO APPROVED A CAPITAL GRANT $1.1 MILLION IN THE 1989-89 FINANCIAL YEAR TO ENABLE TO PURCHASE ADDITIONAL FURNITURE AND EQUIPMENT.

THR REPORT

ON THE

OF THE COLLEGE, FINANCIAL

THE SPOKESMAN SAID THAT HAVING CONSIDERED UNITED KINGDOM COUNCIL FOR NATIONAL ACADEMIC AWARDS THE GOVERNMENT DECIDED THAT LINGNAN SHOULD BE GIVEN GREATER

ASSISTANCE.

A

POST-SECONDARY COLLEGE BUT IT SHOULD CONTINUE TO OPERATE AS A UNDER THE POST-SECONDARY COLLEGE ORDINANCE FOR THE TIME BRING UNTIL DECISION WAS TAKEN ON ITS LONG TERM ROLE AND STATUS, HE SAID.

PROPOSALS

THIS POST-SIXTH- S0 THAT

THAT YEAR

THE GOVERNMENT HAS ALSO ACCEPTED THE COLLEGE'S ITS SIXTH FORM COURSES SHOULD BE PHASED OUT FROM SEPTEMBER AND THAT AT THE SAME TIME, THE PRESENT 2:1 STRUCTURE FOR

SHOULD BE COLLEGE FORM DIPLOMA COURSES STUDENTS MAY FOLLOW AN INTEGRATED THREE-YEAR COURSE IN FUTURE.

OF THE

MODIFIED

COLLEGE IS AT PRESENT, GOVERNMENT FINANCIAL ASSISTANCE TO THE

IN CALCULATED

ACCORDANCE WITH A IN THE FORM OF A CAPITATION GRANT

IN FORMULA WHICH TAKES ACCOUNT OF THE UNIT COST OF A SIXTH FORM PLACE AN AIDED SCHOOL.

THIS GRANT IS HOWEVER NOT APPLICABLE TO FINAL THE COLLEGE'S POST-SIXTH-FORM COURSES.

YEAR PLACES OF

RECEIVE WITH EFFECT FROM SEPTEMBER THIS YEAR, THE COLLEGE WILL

PROVIDE IMPROVED GOVERNMENT ASSISTANCE AT A REVISED RATE WHICH WILL FUNDING FOR THE COLLEGE.

/FROM SEPTEMBER