Capital Levy, Capital Certificates and Debentures
Harrow Hong Kong is a not-for-profit organisation in Hong Kong. The School does not receive any operating or capital grants from the Hong Kong government or from any other public or private institutions. Capital Levy, Capital Certificates and Debentures are used to help finance the construction of the School, the acquisition of the facilities and equipment, and additions, enhancement and replacements of these facilities thereafter.
For students without Capital Certificates and Debentures, there is an annual payment of Capital Levy. The levy amount is HKD50,000 for the academic year 2015-16 and is reviewed each year. The payment is non-interest bearing, non-refundable and non-transferable.
Capital Certificates and Debentures
Please note that the first batch of individual debentures and individual capital certificates has been fully subscribed. For parents who are interested in ICCs and IDs, please send in an application form and we will put you onto a waiting list. We will notify the parents on the waiting list when we issue the next batch, the timing and pricing of which will be determined at a later stage.
The different types of Capital Certificates and Debentures give different degrees of priority for admission. However, the Capital Certificates and Debentures do not guarantee the admission of applicants. All admissions of applicants to the School are subject to satisfaction of the School’s admission criteria. For more information about the Capital Levy, Capital Certificates and Debentures, please contact the School directly.
The School reserves the right to alter the types of Capital Certificates and Debentures in issue, the rights attached to the Capital Certificates and Debentures and the priority afforded to applicants thereby, and to issue further capital certificates or debentures or notes or other instruments upon such terms and conditions, with the same or different degrees of priority and with or without guaranteed admission, at any time and in any manner, in its absolute discretion.
Corporate Capital Certificates: HK$3,000,000
Individual Capital Certificates: HK$3,000,000
Individual Debentures: HK$600,000
Capital Certificates and Debentures are issued on first come first serve basis.
Last updated: 2 Nov 2015 16:49