KI
Α
22 May 1991
Re-sent to Mr. Venables
Lost this set of papers.
who
ED 2/12
Foreign & Commonwealth
Office
Mr Venables
Charity Commission
St Alban's House 57-60 Haymarket London
SW1X 4QX
Dear Mr. Venables,
SIR S K TANG: CHARITABLE TRUST
London SWIA 2AH
Telephone: 070-270 2657
MAY 283/2
ED
B
1. I am writing to you to thank you for advice which you provided a year and a half ago on Sir S K Tang's gift to HMG.
2.
You may recall that Mr MacLeod, Legal Adviser in the FCO, first referred this matter to you in November 1989. I attach a copy of his letter which contains a useful summary of the background to the donation (paras 3-7).
3.
In short, the gift of £1 million from Sir S K Tang has remained in a sterling deposit account in Hong Kong since 1986. The FCO propose to transfer the money to the UK and establish a trust in order to disburse one-third of the accrued interest to the Institute of Cancer Research and the remaining two-thirds of the interest to the British Council to fund scholarships for Hong Kong students to study in the
UK.
4.
As explained in Mr MacLeod's letter, the waters have been somewhat muddied by the fact that disbursements have been made annually from the gift since 1988 to fund the UK/HK Scholarship Scheme. The most up-to-date details from Hong Kong summarising the financial status of the bequest are contained in Mr Lai's letter of 9 January 1990. Since that date, two further deductions from the bequest have been made.
5.
In order to begin to sort out the confused legal status of the bequest, Mr MacLeod wrote to you asking mainly for your views on whether the gift satisfied the legal requirements for a charitable trust. In your two helpful
SUYAOY
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