TNAG-2764-FCO40-3981-UK-Hong-Kong-Scholarship-Scheme-donation-to-the-UK-Governme-1993 — Page 101

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EDUCATIUN & MANPOWER BR

632 8b6 JJ16

From:

SPO15&CS)

Tel.: 8103191 or 8103193

PRESS RELEASE

Sunday, October 18, 1992

a

UK/HK Scholarships Scheme to Receive More Funds

The Government announced today (Sunday) that, following

UK Government and the Royal Hong Kong -

recent

Jockey

review, thé

Club (RHKJC) have agreed to increase the annual funding

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

awards to be made each year from 1993-94 to

additional

new

1995-96.

At

RHKJC the

each

the presentz

LK Government and

contributes £125,000 annually to fund the scheme.

by

Of the UK side of the funding. £40,000 are contributed

the Foreign and Commonwealth Office Scholarships and Awards

Scheme while

Shiu-kin

£85,000 come from the interest of

the late Sir

£1

million

donated

༤.

the UK

Tang's Bequest of

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

is becoming inadequate as the scheme has to support

both new awardees as well as students who have received awards

in previous years.

"As the cumulative expenditure on students currently

studying under the scheme is expected to exhaust the annual

commitment after 1992-93, the annual commitment of £250,000

would

be only

sufficient

to

support renewal

of

current