Bulletin Number One 1986

more than it is today. But Mr. Fung's contribution to the Three-Year MBA Programme and to the University did not stop there. Several times after that he made sizable donations towards the Programme and the research fund of the University, most notably in 1981 when he and his friends again contributed $7 million for the acquisition of a Town Centre so that some of the MBA courses could take place in Kowloon. Throughout these years, from 1977 until his death in 1985 ， Mr. Fung had taken a continuing interest in the development of the Three-Year MBA Programme. He was always available for consultation and meetings with the academic staff and he would offer the facilities of his company to Chinese University students if these were required for training purposes. Under his benign guidance, the Three-Year MBA Programme grew from an enrolment of forty- four students in 1977 to 154 students today; and more than 240 business executives have since received valuable training thanks to his generosity. A much larger number of prospective students would dearly love to join but as Sir John would know from his time as Chairman of the UPGC, The Chinese University's resources are always fully stretched. This is not because we are poorly endowed but because in our eagerness to serve the community well, we often do more than we have the resources for. We are very glad, therefore, that the family of Mr. Fung King Hey has decided to establish two endowments in his memory with a donation of $6 million. The endowments are named 'Fung King Hey Memorial Chair Professorship Endowment' and ‘Fung King Hey Memorial Research Endowment'. These two funds will now extend the contributions from Mr. Fung to areas beyond the MBA Programme, to the future development of the Faculty of Business Administration in both its teaching and research activities. The University is in Mr. Fung's debt and, in recognition of his many contributions as well as his family's continuing support, the University has decided to name this academic building Tung King Hey Building'. We are very glad that Sir John Bremridge, our Financial Secretary, has agreed to lend us his presence and support today, and I thank you all for bearing witness to this particularly meaningful occasion. The Sir Philip Haddon-Cave Fund The University has set up the 'Sir Philip Haddon-Cave Fund' through generous donations made by well- wishing individuals and corporations in the community as a tribute to Sir Philip's outstanding contributions to Hong Kong. Retiring from the Office of Chief Secretary after twenty-three years of Government service, Sir Philip has played a key role in formulating major policies which were instrumental in fostering the economic success of Hong Kong over the past decade, especially during his term as Financial Secretary (1971-81) and Chief Secretary (1981-85). In recognition of his distinguished service to Hong Kong, the University awarded Sir Philip the Degree of Doctor of Laws, honoris causa, in 1983. By the end of July 1985 ， the total contribution to the Sir Philip Haddon-Cave Fund stands at HK$2 ， 630 ， 000 and further donations are expected. The principal of the fund will be endowed, and the income derived will be used for research purposes, and part of it will be for geriatric medicine, in compliance with Sir Philip's wish. Donations have so far been received from the following: The late Mr. Woo Hon Fai The Chinese Gold and Silver Exchange Society Kam Ngan Stock Exchange Ltd. New World Development Co. Ltd. The S.H. Ho Foundation limited The Shaw Foundation Hong Kong limited Bei Shan Tang Foundation Lee Wah Weaving Factory, Ltd. Dr. Ho Tim Wah Kwong & Co. (H.K.) Ltd. Mr. Stanley Ho Wideland Foundation Ltd. LiKa-shing Foundation Ltd. Utica Enterprises Ltd. Swire Group Charitable Trust Jardine, Matheson and Co. Ltd. The late Mr. Fung King Hey Far East Exchange limited Shiu Wing Steel Ltd. The Hon. Sir Sze-yuen Chung Dr. the Hon. Lydia Dunn Hang Seng Bank Ltd. The Standard Chartered Bank Group as well as four who wish to remain anonymous. Sir Philip has also kindly consented to the naming of the University's sports field 'The Sir Philip Haddon-Cave Sports Field'. NEWS 5