TNAG-1550-FCO40-2114-Proposed-donation-by-Sir-Shiu-Kin-Tang--Hong-Kong-philanthro-1986 — Page 35

CODE 18-77

Reference....

13

Mr Escritt

Finance Dept

HONG KONG: GIFT FROM SIR S K TANG

1.

I attach a reasonably self-explanatory draft letter to the British Council on which I should be grateful for your comments. You may prefer that the FCO should hold the fl million and disburse the interest. But as the capital sum is not to be touched, and as it would be improper to use the interest other than as proposed by Sir S K Tang, there would appear to be little benefit to HMG in doing so. We would of course need to ensure that the British Council were holding the money on trust for HMG, but this could be provided for in the covering letter which we (or HKD) would clear with you, and probably Legal Advisers.

нии чеськи

RECEIVED IN REGISTRY

17 JUN 1986

DESK OFFICER

MEGISTRY

INDEX

13 June 1986

CC

Mr Thomas HKD

PA

Action Taken

Vilde

J Wilde

Overseas Students Policy Section, Cultural Relations Department

The Thoms

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Mr hecks. Agreed : pre sp

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GERD

be preferable

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whole amount to British

5

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The

The draft

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We should perhaps suggest reat

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вс BC reply

to

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be able

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Hong and

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5

Thomas 1316