TNAG-2483-FCO40-3614-UK-Hong-Kong-Scholarship-Scheme-donation-to-the-UK-Governme-1992 — Page 158

those students continuing on course for a second or third

year;

(ii)

the United Kingdom will continue to share overall

costs on an equal basis with the Hong King side ie the Royal

Hong Kong Jockey Club;

(iii)

the British Government will continue to contribute

through the FCO scholarships programme the sum of £40,000

each year from the Foreign and Commonwealth Scholarships

Awards

Scheme (FCOSAS);

(iv)

the annual balance of the UK's share of funding for the Scheme with continue to be a change on The interest fro

from the late Sir Shiu kin TANG's bequest, two -thirds

late Sir Shiu-kin Tang's Bequest;

(v)

of the

Of the two options presented for increased funding of the Scheme at Appendices II and III, the UK side whilst

appreciating the simpler budgetary control and planning

convenience of a fixed sum contribution, would for official

accounting reasons prefer the option at Appendix II whereby

the necessary funds are drawn down from the Bequest

interest on the basis of each year's actual costs.

M J Long

Overseas Students Policy Section

Cultural Relations Department

bcc: H K Dept

BTC Hong Kong

CHBAEX