XN000022-1990-03-10 — Page 2

SATURDAY, MARCH 10, 1990

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LADY YOUDE PRESENTS AWARDS TO 687 SCHOLARS

LADY YOUDE TODAY (SATURDAY) PRESENTED AWARDS WORTH A TOTAL OF $3 MILLION TO 687 STUDENTS GRANTED SCHOLARSHIPS BY THE SIR EDWARD YOUDE MEMORIAL FUND.

"THE MEMORIAL FUND IS COMMITTED TO ENCOURAGING AND REWARDING ACADEMIC EXCELLENCE AND LEADERSHIP AMONG YOUNG PEOPLE WHICH IS A GOOD WAY OF CONTRIBUTING TO A STABLE AND PROSPEROUS FUTURE FOR HONG KONG, SAID LADY YOUDE WHO HAD RETURNED FROM BRITAIN ΤΟ OFFICIATE AT THE PRESENTATION CEREMONY IN THE CITY HALL.

THE AWARDS INCLUDED 560 PRIZES FOR SENIOR SECONDARY SCHOOL STUDENTS, 70 SCHOLARSHIPS AND 38 FELLOWSHIPS FOR TERTIARY STUDENTS, EIGHT AWARDS FOR OVERSEAS STUDIES, SIX AWARDS FOR DISABLED STUDENTS AND FIVE MEDALS FOR STUDENTS WHO OBTAINED OUTSTANDING RESULTS IN PUBLIC EXAMINATIONS.

THE COUNCIL CHAIRMAN OF THE MEMORIAL FUND, MR STEPHEN CHEONG, SAID THE COMPETITION FOR THE OVERSEAS AWARDS HAD BEEN VERY KEEN.

"THE SUCCESSFUL CANDIDATES HAVE BEEN CHOSEN FROM OVER 320 APPLICANTS AFTER TWO VIGOROUS SELECTION INTERVIEWS CONDUCTED BY MEMBERS OF THE COUNCIL INCLUDING LADY YOUDE, MR K.Y. YEUNG, PROFESSOR LEUNG WAI-SUN, PROFESSOR BENJAMIN T'SOU, DR LUI MING-WAH AND MR ANTHONY KAN," HE SAID.

FUND

"OVER THE PAST THREE YEARS, THE SIR EDWARD YOUDE MEMORIAL HAS FIRMLY ESTABLISHED ITSELF AS A PRESTIGIOUS AWARD FOR ACADEMIC EXCELLENCE AND LEADERSHIP IN HONG KONG.

"IN TERMS OF THE BREADTH OF ITS COVERAGE AND THE VERY HIGH STANDARDS OF AWARD RECIPIENTS THERE ARE FEW, IF ANY, EQUALS.

"I AM CONFIDENT THAT WE WILL BE ABLE TO BUILD

ON THESE FOUNDATIONS AND MAKE PRUDENT BUT IMAGINATIVE USE OF THE RESOURCES TO BENEFIT THE YOUNG PEOPLE OF HONG KONG.

**

SOLID FUND'S

LEE,

$92

THE CHAIRMAN OF THE FUND'S BOARD OF TRUSTEES, SIR QUO-WEI SAID THE FUND'S PORTFOLIO HAD INCREASED TO A MARKET VALUE OF OVER MILLION, WHICH WAS 10.7 PER CENT MORE THAN THE $83.5 MILLION RECEIVED FROM DONATIONS.

"THIS ENCOURAGING RESULT HAS BEEN ACHIEVED NOTWITHSTANDING THE SETBACK OF THE HONG KONG STOCK MARKET LAST JUNE AND THE PLUNGE IN WALL STREET IN OCTOBER, HE SAID.

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"AS HONG KONG ENTERS THE 1990'S, THE IMPORTANCE OF EDUCATION AND RESEARCH IS REFLECTED IN THE GOVERNMENT'S AMBITIOUS PROGRAMME OF EXPANSION IN THE TERTIARY SECTORS.

"THE DEMAND FOR SCHOLARSHIPS AND RESEARCH GRANTS WILL NO DOUBT INCREASE. A HEALTHY GROWTH IN THE FUND'S INCOME IS NECESSARY TO MEET THIS DEMAND.

/"I THEREFORE