TNAG-2765-FCO40-3982-UK-Hong-Kong-Scholarship-Scheme-donation-to-the-UK-Governme-1993 — Page 117

C

(III) Savings as from 1994-95:

3

94-95

95-96

96-97

(a) IIMG: Grant

£2.2M

£1.57M £0.63M say £0.6M

£2.2M £0.34M

£2.2M

www

£1.36M say £1.4M

(b) HKG: (i) Grant

£2.2M £1.57M

£0.63M say £0.6M

-

£2.2M £0.81M

£1.36M say £1.4M

£2.2M

(ii) Loan

£5.20M

£3.29M £1.91M say £1.9M

£6.31M £1.76M

£4.55M say £4.5M

£7.56M say £7.6M

Notes:

Projections for 94-95 and beyond are based on the following assumptions

(a)

6.8% increase per annum in average assistance based on the average increase over the years 1989-90 to 1993-94;

(b) 4.5% increase per annum in the number of applications based on the average increase over

the years 1989-90 to 1993-94

(c)

(d)

(e)

success rate of applications at 81.4% (the average success rate between 1990-91 to 1993-94);

total contributions from UK/IK Governments remaining at £4.4M per annum under existing funding arrangements; and

all students are pursuing 3-year courses and 1/3 of the applicants are attending the first, second and third year of studies respectively.

P/C1/P-FR-PS