TNAG-2483-FCO40-3614-UK-Hong-Kong-Scholarship-Scheme-donation-to-the-UK-Governme-1992 — Page 129

18-MAR-1992

16:14

BRITISH TRADE COMM

R

FAX TRANSMISSION

H TRADE COMMISSION IN HONG KONG

9th Floor Bank of America Tower 12 Harcourt Road Hong Kong Mail Address GPO Box No 528 Hong Kong

Tolox HX 73031 Cable Address Uktrade Hong Kong Telephone 5230176

.FAX NUMBER:

8452870

RECEIVER FAX: 71 210 6812

18 March 1992

PAGE 1 OF 1

P.DI

DATE:

TO:

FROM:

M J Long, CRD, FCO

James Smith-Laittan

Dear Michael

UK/HK SCHOLARSHIP SCHEMES

Yes, we

Thank you for your (very tactful) reminder of 17 March. did receive your faxes of 29 January and 5 March (but we have not received the one dated 9 March; if it is important that we should see it before you reply to John Chan's letter could you please send us another copy).

Although I have not yet been able to call on John Chan I have received a little more information on the Sir S K Tang bequest from his office. As you know, the donation was intended to be used for scholarships for Hong Kong students in the UK and for medical research. The accrued balance on 31 March 1992 is

The total accrued interest will expected to be £1. 72 million. therefore be £720,000, two thirds of which may, as you know, bet used to fund scholarships. The capital of El million cannot I understand be used. That said, there ought to be more than enough accrued interest available to fund the nine scholarships for the next 5 years (what has not been taken into account as far as I can see is how much additional interest will accrue from the £1 million bequest over the next five year period).

I think you could now reply to John Chan along the lines proposed (it might in fact be helpful if you were to send an advance copy to him by fax since there will be a meeting of the UK/HK Scholarship Scheme Committee later this month. helpful if we could discuss your response then).

for ever Names

J Smith-Laittan

It would be

PCs 285/343/1

RECEIVED IN REGISTRY

O 5 MAY 1992

INDEX

PA

REGISTRY Action Takeni

Every effort is mute to ensure that the information given herein is accurate, but no legal responúbility is accepted for any error, omissions or misleading statements in that information caused by negligence or otherwise and no responsibility is socepted in regard to the standing of any firma, companies or

indinduals mentioned

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