2
[17865) Dd.145178 400m 5/73 G.W.B.Ltd. Gp.263
NOTHING TO BE WRITTEN IN THIS MARGIN
-9-
grant fully tied to British goods.
Since we do not yet
have precise lists of equipment and books and since we de not know the timing of the various requests from Hong Kong, it is not possible to forecast with any accuracy
the amount to be disbursed annually. Other factors whi make such a forecast virtually impossible are uncertain delivery dates and delivery delays. However, it is anticipated that the grant will begin to disburse in 1975/76 and be fully disbursed by late 1978 or early 1979. ht✅ 1 * ma dok nede is
VII. RECOMMENDATION
27 2
The Hong Kong government have indicated that the implementation of these proposals will achieve the most effective use of the grant by co-ordinating the provision of books and equipment with their anticipated needs in relation to the development of the Polytechnic.. We in
turn feel that assistance in this form is vital to the future of a country whose development depends almost entirely on technology for the manufacture of goods for export. We are satisfied with the proposed ratio of expenditure between Cooks and equipment and have no reason to doubt the ability of the Hong Kong authorities to slect the most appropriate books and equipment as development of the Folytechnic proceeds.
28 76.
I recommend that the project as proposed, should be
approved.
A C Stuart
Hong Kong & Indian Ocean Dep
No comments yet.
Private notes are available after approval.