TNAG-1594-FCO40-2179-Honk-Kong-leading-personality-Sir-Yue-Kong-Pao--businessman-1987 — Page 62

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

SINO-BRITISH FRIENDSHIP SCHOLARSHIP SCHEME

Background

Under the Memorandum establishing the Scheme (signed by the Secretary

of State, Sir Y K Pao and Vice-Premier Li Peng on 9 June 1986) China and

the Sir Y K Pao Foundation will pay £1.4m per year, and Britain (ODA)

will pay £700,000. There will be a shortfall in the first year because

the Chinese have not managed to put forward enough candidates for 420

awards.

Sir Y K Pao will host and chair the second annual meeting of the supervising

Commission in Hong Kong on 2 June. Britain's representative will be ODA's

Chief Education Adviser, Dr Iredale.

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