Bulletin Summer 1989

properly, and is self-financing in five years, we shall consider the Club's donation a good investment. I f the Institute is able to produce something marketable i n a big way, say some cheaper food or some medicine for cancer cure, we shall consider it a huge success. Of course other indicators of success w i l l be the ability of The Chinese University to attract good quality professors and the ability of the Institute itself to attract further investment and financial support f r om other corporations, local or overseas. Results should be apparent in five years. Q. Previous Club donations to the University were for both capital and research projects: some $2 million for the University Sports Centre in the seventies; over $14 million for the activities of the Chinese Medicinal Material Research Centre since 1985; $400,000 to buy a carbon dioxide laser machine for the Department of Obstetrics and Gynaecology in 1986; and now $170 million for biotechnology research. What will be your advice to other potential applicants in the University for Jockey Club funding support? A. Those looking for research funds should apply only when they have very, very strong cases for after this series of major donations to tertiary institutions for biotechnology research, I really do not see the Club making mor e grants for research projects in the next few years. This is especially so when the tertiary institutions can expect a much larger allocation for research from the UPGC in the next triennium. As for capital projects, the Club is always ready to consider individual cases on their own merits. Applicants must of course explain why they can't obtain the funds from the UPGC or other sources and how their projects can benefit the community as a whole. Large covered vase painted with dragons and clouds design, Western Han (Art Gallery Collection) 6