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1.
WE APOLOGISE FOR THE DELAY IN REPLY TO TURS, BUT SIR S
K'S MUNIFICENT OFFER HAS PROVIDED US WITH MUCH FOOD FOR THOUGHT. AS YOU WILL UNDERSTAND, IT IS NOT EVERY DAY THAT THE PROCEEDS FROM A FUND OF ONE MILLION POUNDS ARE OFFERED TO HMG, AND WE HAVE NO STANDARD PROCEDURE FOR DEALING WITH SUCH A GIFT. WE STILL
NEED TO DO FURTHER RESEARCH. BUT AT THIS STAGE IT MAY BE HELPFUL TO INDICATE OUR PRELIMINÁRY THINKING.
2.
ALTHOUGH THE OFFER WAS MADE WITHOUT ANY STRINGS ATTACHED, IT WOULD EVIDENTLY BE COURTEOUS TO INDICATE TO SIR S K TO WHAT
PURPOSES WE WERE PLANNING TO DEVOTE HIS DONATION. WE HAVE BEEN
EXPLORING TWO POSSIBLE AVENUES. THE FIRST IS A CULTURAL ONE. IT WOULD BE FITTING TO PROVIDE FOR A HONG KONG CONNOTATION ASSUMING THAT AN ENDOWMENT OF POUNDS 1 MILLION AT PRESENT INTEREST: RATES WOULD YIELD AN ANNUAL INCOME OF ABOUT POUNDS 70,000, WE WOULD' SUGGEST AS GUIDLINES:
A) THE USE OF THE FUNDS SHOULD BE READILY IDENTIFIABLE WITH
THE NAME OF SIR S K:
4h4 28614
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13 MAY 1986
DST OFFICER
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23 APR 1986
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KPage 196
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