XN000022-1990-06-06 — Page 31

WEDNESDY, JUNE 6, 1990

29 -

UP ΤΟ

IN ORDER TO

"FIRST, THE PRIVATE SCHOOLS REVIEW COMMITTEE (PSRC) SET ADVISE ON ALL MATTERS RELATING TO THE DSS, ADVISED THAT

PARTICULARLY MAKE THE DSS ATTRACTIVE TO AIDED SCHOOLS, ESTABLISHED ONES IN OLD BUILDINGS WHO MAY WISH TO JOIN, SOME CAPITAL ASSISTANCE ASSURANCE WOULD BE NEEDED TO GRANTS UNDER THE CODES OF AID," HE SAID.

T

THOSE FORM OF REPLACE THE PRESENT

'THE GOVERNMENT HAS ACCEPTED THIS ADVICE SINCE IT IS TO ATTRACT FROM THE OUTSET A NUMBER OF AIDED SCHOOLS WITH REPUTATIONS INTO THE DSS.

IMPORTANT ESTABLISHED

PLACES IN INTERNATIONAL CONCERNS, OVERSEAS BUSINESS

SHOW AN EXPANSION,

APPRECIABLE

"SECONDLY, PROJECTIONS OF DEMAND FOR SCHOOLS ARISING FROM

BY INVESTMENT RETURNING EMIGRANTS AND TERTIARY SHORTFALL IN THE PROVISION OF PLACES IN THE 1990'S.

"THIS INDICATES CONSIDERABLE EXPANSION OF EXISTING SCHOOLS."

SECONDARY SCHOOL

OR

A NEED FOR

ONE NEW

THE GOVERNMENT'S LIMITED TO

THE

PRESENT POLICY PROVISION OF A

TOWARDS PRIVATE

THE SPOKESMAN SAID INTERNATIONAL SCHOOLS WAS TREATY GRANT OF LAND AT NIL PREMIUM.

"SPONSORS OF INTERNATIONAL SCHOOLS HAVE FOUND DIFFICULTY THE EXTRA DEMAND FOR RAISING ADEQUATE FUNDS FOR EXPANSION TO MEET PLACES, PARTLY BECAUSE THE TERMS OF THESE LAND GRANTS PREVENT MORTGAGING OUT THE PREMISES AS COLLATERAL TO SECURE LOANS ON THE MARKET, AND PARTLY BECAUSE OF RAPIDLY RISING CONSTRUCTION SAID.

SCHOOLS

OPEN COSTS, HE

SUPPLY

"AS IT IS IN HONG KONG'S INTEREST TO ENSURE AN ADEQUATE

LOANS

BE WILL OF SUCH

PLACES, SCHOOL

CAPITAL. ASSISTANCE AVAILABLE TO INTERNATIONAL SCHOOLS ONCE THEY HAVE JOINED THE DSS.

SHOULD

AN ACT AS

"THE AVAILABILITY OF THESE LOANS TO ENCOURAGE INTERNATIONAL SCHOOLS TO JOIN."

THE SPOKESMAN SAID THAT THE LOANS WOULD BE AT NIL REPAYABLE OVER 10 YEARS. ANY INCREASE IN SCHOOL FEES TO LOANS WOULD NOT RESULT IN A CORRESPONDING REDUCTION SUBSIDY.

AND

MADE

INCENTIVE

AND INTEREST FINANCE SUCH IN GOVERNMNET

UNSERVICEABLE

CASE

OF

ΤΟ

"THE LOANS CAN BE USED FOR REDEVELOPING OLD

AND STRUCTURAL REPAIRS, MAJOR

IN THE SCHOOL BUILDINGS, INTERNATIONAL SCHOOLS JOINING THE DSS, FOR EXPANSION OF FACILITIES MEET ADDITIONAL DEMAND," HE SAID.

TO A STANDARD ON THE SCHOOLS

"THE AMOUNT OF THE LOANS WILL BE LIMITED FOR EACH SCHOOL

COST OF A MAXIMUM CUMULATIVE TOTAL OF 155 PER CENT OF THE AIDED SECONDARY SCHOOL WHICH AT PRESENT IS ABOUT $34 MILLION,

FOR ASSISTANCE BASIS THAT THIS IS THE FOUNDATION SCHOOLS.

CEILING

ΤΟ

ENGLISH

"THE LOANS WILL BE MADE AVAILABLE TO OF THE LEVEL OF SUBSIDY THEY RECEIVE.

DSS SCHOOL

"

IRRESPECTIVE

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