Appendix III
Assumptions : (a)
(b)
UK/HK SCHOLARSHIPS SCHEME
Additional contribution required
9 new awards each year from 92/93 (including 1 post-graduate scholar). inflation 9% p.a.
Balance
Year
b/f
Funds Available
Annual
Contribution
Total
No. of Awards to be granted
Expenditure
1
Addition
Original required
New Awards
Renewal of Previous Awards
£
£
£
£
£
91/92
265691
250000
515691
12
16
350000
92/93
165700
250000
415700
9
21
408000
93/94
7700
250000
200000
457700
9
21
444700
94/95
13000
250000
200000
463000
9
17
421200
95/96
41800
250000
200000
491800
9
17
459100
96/97
32700
250000
200000* 482700
9
17
500400
* Level of addition will need to be further reviewed.
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Private notes are available after approval.