TNAG-2483-FCO40-3614-UK-Hong-Kong-Scholarship-Scheme-donation-to-the-UK-Governme-1992 — Page 183

24-JAN-1992 18:16

PCS 285/393/1 24 January 1992

Draft Letter

-.03

J Smith-Laittan Esq

British Trade Commission Hong Kong

UK/HK SCHOLARSHIPS SCHEME

Thank you for your letter of 23 January and for these

helpful comments.

According to our understanding of the enclosures to John

Chan's letter of 21 October, the additional contribution

required from the FCO (over and above the continuing £40,000

annually from FCOSAS, and £85,000 contribution annually from

the interest from the S K Tang Bequest) until 1996/97 is a

total of £408,850 as set out in Section 10 of the enclosure

ie one half of the figures which also appear in column 4 of

Appendix II.

The essential point for us and on the basis on which we

respond to John Chan's letter is that all the funding for the UK/HK Scholarships Scheme on the FCO side must come from

the £40,000 annually from FCOSAS and from up to two-thirds,

repeat two-thirds, of the interest (that is both accrued and

CHJABI