THE HONG KONG GOVERNMENT GAZETTE, MAY 22, 1931.
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2. A subscriber of $50,000 or more to the funds of the University Endowment Fund shall have the right to nominate one scholar to study at the University as an undergraduate without payment as provided in paragraph 4 of this statute provided such scholar is duly qualified as required by statute 21 of these statutes.
For each additional sum of $50,000 subscribed to the said Fund another scholar may be nominated by the subscriber on the same condi- tions provided that the number of scholars nominated as aforesaid by any one subscriber shall not exceed four in number at any one time.
3. Any city, town, or village in or out of China may exercise the like privileges of nominating free scholars, but scholars can only be nominated by the representatives of the subscribers properly accredited to the satisfaction of the Council.
4. The right to nominate scholars without payment shall comprise the right for the scholars to attend the University without payment of tuition fees only.
Provided always that the total number of scholars attending the University at any one time without payment of fees for:-
(a) Tuition,
(b) Board and Lodging,
(c) Tuition and Board and Lodging,
shall not exceed 50 in number unless the Council shall from time to time determine otherwise.
5. The period during which subscribers shall have the right to nominate scholars without payment as aforesaid shall be limited as follows:
(a) In the case of individual subscribers during the life-
time of the subscribers.
(b) In the case of firms or corporations or cities, towns or villages in or out of China, who subscribe during such period as may be mutually agreed between the subscribers and the Council at the time when the subscription is made.
6. An individual subscriber of a sum of $50,000 or more shall be entitled:-
(a) To become a life member of the Court of the Univer-
sity.
(b) To have a framed portrait or bust of himself erected in the Hall of the University under such conditions as the Council may determine.
7. Nothing in this statute shall affect or be deemed to affect the rights of subscribers whether individuals or firms or corporations who shall have subscribed to the University Endowment Fund prior to the 22nd day of May, 1931.
(2) by the insertion, next before statute 23, of the following statute,—
STATUTE 22A.
KING EDWARD VII SCHOLARSHIPS.
All British subjects of whatever race shall be eligible for the King Edward VII Scholarships.
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