Bulletin Vol. 2 No. 4 Nov 1965

HK$1,700,000 for developing research activities through sending faculty members overseas for advanced training, through inviting visiting research scholars and professors, and through the purchase of research equipment and books. The grant is for a period of two years. It is made entirely as a vote of confidence in the University. I hope that at the end of the two years the Ford Foundation willfind that we have fully lived up to their expectations. Support for similar purposes is under discussion with two other foundations in the United States, one in the United Kingdom, and one in Germany. All these foundations, with impeccable international reputations, have yet to initiate any programme in Hong Kong, and their assistance to this University should be an inspiration to all of us. Graduates' Performance While we are making every effort to raise the standard of the University, the local community and in fact the world at large are judging us by your performance as graduates of The Chinese University. I am very interested to find out what our graduates have been doing and what you are doing now. Your class today, representing the second group of Chinese University graduates, totals 297 students as compared to 180 last year. To date, 2 per cent of those who graduated last year have failed tofileany return as to their present activities, as compared to 15 per cent of your own class today who have not decided what to do. The interesting comparison arises from those who have already committed themselves. Bearing in mind that there were 180 graduates last year against 297 graduates this year, I find it significant that the group going into advanced studies has risen from 16 per cent of the class in 1964 to 28 per cent in 1965. This represents an almost threefold increase from 29 students last year to 81 this year. With all the inter-university arrangements that The Chinese University has entered into with many foreign universities, the number of graduates that will go abroad for further studies will certainly increase more and more in the future. For this group of students pursuing advanced studies either here or abroad, it is very important to demonstrate that their university training is in no way inferior to that of the graduates from other universities, and even more important, to demonstrate their capacity for developing the basic characteristics of scholarship ； namely, hard work, thoroughness, imagination, and humility. A m o ng the other graduates who have started in a career in Hong Kong, the number that has gone into Government service has increased from 9 to 17 and the number that has gone into Social Work has more than doubled, from 8 to 19. The number of graduates who have gone into business has remained relatively stable, changing only from 19 to 20; so has the number who have gone into teaching, from 105 to 107. In other words, for the present graduating class, 37 per cent has gone into teaching, 7 per cent into business, The procession leaves the stage after the Congregation. 61/2 per cent into Social Work, 6 per cent into Government service and 1 per cent each into religious work and other professions. To m y mind it is this 60 per cent of the graduates, not counting the 15 per cent whose employment is not known, who will show the Hong Kong community what kind of graduates The Chinese University produces. Leaders of Tomorrow To them let m e offer an observation. There is no question in m y mind that, as the fortunate few who have had the privilege of university education, you are the potential leaders of to-morrow. The community is fully aware of this and in fact entertains high hopes for all of you. This confidence and expectation have recently been brought to the fore by the generous endowment of HK$200,000 by the Shell Company of Hong Kong for a two- or three-year postgraduate scholarship in the United Kingdom to be awarded to a Chinese University graduate with the greatest potential for leadership. This gift is as inspiring as it is generous. I would like to take this opportunity to congratulate the far-sightedness of the Shell Company management. However, to be a potential leader does not mean that you have to start from the top. It is extremely important for all of you to realise that no matter what 3