TNAG-2483-FCO40-3614-UK-Hong-Kong-Scholarship-Scheme-donation-to-the-UK-Governme-1992 — Page 14

DRAFT

Press Release

UK/HK Scholarships Scheme to Receive More Funds

The Government announced today (

) that,

following a recent review, the UK Government and the Royal

Hong Kong Jockey Club have agreed to increase the annual

funding for the UK/HK Scholarships Scheme by £200,000 to

9 new awards to be made each year from 1993-94 to

enable

1995-96.

£250,000,

At present, the annual

contributed equally by Royal Hong Kong Jockey Club.

funding for the Scheme is

the UK Government and the

funding, £40,000 are

Commonwealth Office

£85,000 come from the

of the UK side of the

contributed by the Foreign and

Scholarships and Awards Scheme while

interest of the late Sir Shiu-kin Tang's Bequest of £1 million

donated to the UK Government for scholarships and medical

research.

The Hong Kong side of the funding is entirely donated by the Royal Hong Kong Jockey Club.

A Government spokesman said the annual commitment

of £250,000 has to support new awardees as well as students who have received awards in previous years.

"As the cumulative expenditure on students studying under the Scheme is expected to exhaust the annual commitment after 1992-93, it is not possible to award new scholarships without the provision

of

additional funding," the spokesman

said.