TNAG-2076-FCO40-2956-Hong-Kong-and-UK-Scholarship-Scheme-1990 — Page 45

1.

Background Note of the Sir S K Tang Donation

Ca 10 March 1986, late Sir S K Tang wrote to the then

Chief

Secretary stating that he proposed to donate a sum

of £1 million from which the accrued interest could be

used for charitable

purposes in the UK at the complete

discretion of Her Majesty's Government (HMG). The letter

has been acknowledged by the Chief Secretary and the FCO

has been informed of the proposed donation.

2.

In the telno 1377 of 7 May 1986, Eong Kong Ccvernment

(EKG) informed FCO that Sir S K Tang did not wish to be

troubled with setting up a new trust and did not want the

itself to be used either. It was also mentioned

capital

that he

Conation

agreed to use the interest from two-thirds of the

for

funding scholarships for Hong Kong students

to study in the UK (administered by the British Council,

and donating the interest from the remaining

if possible)

one-third to a medical trust, such as cancer research.

hand

3. In response to the subsequent request by Sir S K Tang to

over his conation, HKG proposed that the money should

be accepted on HMG's behalf and paid into a sterling

deposit account in Hong Kong until such time as a decision

had been reached as to what to do with it.

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