TNAG-2273-FCO40-3272-UK-Hong-Kong-Scholarship-Scheme-donation-by-Sir-Shiu-Kin-Tan-1991 — Page 11

布政司署

教育統籌科

香港下亞厘畢道

* OUR Ref.: (103) in EMB CR 17/2321/86

來函檔號 YOUR REF.:

C B

EDUCATION AND MANPOWER BRANCH GOVERNMENT SECRETARIAT,

Lower Albert Road,

Hong Kong.

HKB

25612

9 January 1990

Mr M V Stone

CEIV

Hong Kong Department

Reg

Foreign and Commonwealth office London SW1A 2AH

1990

INCE

Dear

Mike,

으

STONE

UK/Hong Kong Scholarship Scheme: Sir S K Tang's Donation

2211

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

I

have now

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.

follows

The most recent position on the donation is as

(a) Original donation

(b)

Date of receipt

(c)

Interest earned up to

last deposite renewal date (29.12.89)

(d)

Total proceeds

to

(principal and interest) upon next renewal/

maturity date (30.1.90)

£1 million

12 June 1986

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

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

For scholarships awarded in 1989-90, we expect have to draw down £40,000 from the Tang Shiu-kin Bequest, in about March 1990.

/

AL/EC

Yours

eve.

szert

(Albert Lai)

for Secretary for Education and Manpower