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an excuse to collect miscellaneous fees from students. Items of niscellaneous
fees include
a) Art fees
•
b) Domestic Science
c) examination fees
d) foes for handouts
The money collected for each item ranged frou.2 to over $10. It is estimate.i
that a total of some $80,000 has been collected during the past four yers.
while All the oney has been put into the account of the grdest bubase :11 the
expenses for these miscellaneous items were claimed from the C.G.
Owing to the management of the C'.. and miscellaneous fees in this w
vay, the phenomenon of the shortage of funds appeared in the school. Therefore, the school authorities made another excuse, that is:
The repayment of loans.
y are there loans to be repaid? The school authorities say that the school owes the Govt and the ordert debts because the money for the
construction of the school premises were paid by the Education Dept and the arder!. But our investigations show that the total expenses for construction were $3,369,800, including the Govt subsidy of $2,587,800. which need not
be repaid and a sum of $782,000 which should have been paid by the Congregation
but was in fact paid by the Govt in form of an interest free loan In
other words, what the school has to repay to the Govt is this sum of $782,000
of interest free loan.
to the schoo
According to regulations laid down by the Govt for repayment of loans, this sum should be fully repaid within 11 years. That is,repayment of $39,000 in each of the first two years, and repayment of $7200 in each of the subsequent 9 years.
The money for repayment is in fact paid by the students. From the Second year omwards, the school fee was increased from $50 to $52. The two dollars increased, together with the $12 of "tong" (lecture) fee in the $50 (altogether. 14 dollars), are the sum of money permitted by the 2.4. to be collected for ropaying the loan.
As for the loan from the Congregation, wick since thở 5th floor of the
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