TNAG-2076-FCO40-2956-Hong-Kong-and-UK-Scholarship-Scheme-1990 — Page 44

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

T

布政司署

敎育統籌科

香港下亞厘畢道

EDUCATION AND MANPOWER BRANCH GOVERNMENT SECRETARIAT,

Lower Albert Road,

Hong Kong.

本署檔號 OUR REF.: (103) in EMB CR 17/2321/86

來函檔號 YOUR REF.:

HKB 256 12

Hong Kong Department

London SW1A 2AH

Dear

Mike,

Mr M V Stone

Foreign and Commonwealth office”

CEIV

12 Meg

9 January 1990

1990

INDE

ONITO

to me

UK/Hong Kong Scholarship Scheme:

STONFE 2311

Sir S K Tang's Donation

Your letter of 20 November arrived shortly before I went on vacation leave in December. I have now seen your further letter dated 11 December.

The matter is clear as seen from this end and the attached background note summarises the key points. We have, however, referred the case to the Legal Department for advice and confirmation, as per your request. This will probably take some time but I will try to expedite.

-

The most recent position

Original donation

on the donation is as

Interest earned up to

follows

(a)

(b)

Date of receipt

(c)

last deposite renewal date (29.12.89)

(a)

Total proceeds

(principal and interest) upon next renewal/

to

maturity date (30.1.90)

£1 million

12 June 1986

£464,050.06 (including £3,658.5 paid to UK/HK scholarship 1988-89)

7

£1,479,596.71 (excluding £3,658.50 paid to UK/HK scholarship 1988-89)

For scholarships awarded in 1989-90,

in 1989-90, we expect

have to draw down £40,000 Bequest, in about March 1990.

from the Tang Shiu-kin

AL/fc

ever,

Yours

pisert.

(Albert Lai)

for Secretary for Education and Manpower

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