XN000022-1989-05-13 — Page 2

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SATURDAY, MAY 13, 1989

LADY YOUDE PRESENTS AWARDS TO 632 STUDENTS

*

LADY YOUDE TODAY (SATURDAY) PRESENTED AWARDS TO 632 STUDENTS WHO WERE GRANTED SCHOLARSHIPS UNDER THE SIR EDWARD YOUDE MEMORIAL FUND.

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"IN ENCOURAGING ACADEMIC EXCELLENCE AND LEADERSHIP AMONG YOUNG PEOPLE. THE SIR EDWARD YOUDE MEMORIAL FUND IS COMMITTED TO OFFERING THEM AN OPPORTUNITY TO PLAY A PART IN GUIDING HONG KONG TOWARDS A STABLE AND PROSPEROUS FUTURE." LADY YOUDE SAID.

LADY YOUDE HAD RETURNED FROM THE UNITED AT THE PRESENTATION CEREMONY IN CITY HALL,

KINGDOM TO OFFICIATE

THE TOTAL WORTH OF THE SIR EDWARD YOUDE MEMORIAL AWARDS IN THE 1988-89 ACADEMIC YEAR WAS $2.8 MILLION.

PRIZES FOR SENIOR

SECONDARY TERTIARY

DISABLED

THIS INCLUDED THE AWARDS OF 519 SCHOOL STUDENTS, 59 SCHOLARSHIPS AND 36 FELLOWSHIPS FOR STUDENTS, EIGHT AWARDS FOR OVERSEAS STUDIES, SIX AWARDS FOR STUDENTS AND FOUR MEDALS FOR STUDENTS WHO EXCELLED IN PUBLIC EXAMINATIONS.

J

OUT FOR THE

THE FUND'S COUNCIL CHAIRMAN, MR STEPHEN CHEONG, POINTED THAT THE AWARD SCHEME FOR DISABLED STUDENTS CAME INTO EFFECT FIRST TIME IN 1988-89.

PURSUING OF ABOUT

"THE SCHEME WAS DESIGNED FOR HANDICAPPED STUDENTS HIGHER EDUCATION. SIX STUDENTS WERE CHOSEN TO SHARE A GRANT $85,000 FOR PURCHASE OF TECHNICAL AIDS AND SERVICES," MR CHEONG SAID.

"IT PROVIDES A FRESH IMPETUS ΤΟ ENCOURAGE THE DISABLED'S

ALLEVIATE, IN ACADEMIC PURSUITS, AND HELPS

REAL

THE TERMS,

EXTRA

LEARNING DIFFICULTIES CAUSED BY DISABILITIES.

"WE WILL CONTINUE TO PROVIDE FUNDS FOR THIS SCHEME IN OUR PLANS FOR NEXT YEAR.

WHO

A THAN

AWAY

SIR QUO-WEI LEE, CHAIRMAN OF THE FUND'S BOARD OF TRUSTEES

HAD FUND'S PORTFOLIO ALSO PARTICIPATED IN THE CEREMONY, SAID THE MARKET VALUE OF CLOSE TO $89 MILLION. THIS WAS 6.4 PER CENT MORE PASSED THE $83.5 MILLION RECEIVED IN DONATIONS SINCE SIR EDWARD IN DECEMBER 1986.

"I AM HAPPY TO SAY THAT THE FINANCIAL SITUATION 1S MUCH BETTER 3.4 PER THAN A YEAR AGO WHEN I HAD TO REPORT A DROP IN BOOK VALUE OF CENT AS A RESULT OF THE STOCK MARKET CRASH IN OCTOBER 1987, QUO-WEI SAID.

E

SIR

PROVISION

THE FUND'S INCOME IS TO BE USED, ACCORDING ΤΟ WISHES, ON THE RESEARCH.

OF

MORE

OPPORTUNITIES

IN

LADY YOUDE'S EDUCATION AND

/AFTER TWO