Capital Levy, 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 and maintenance of the School, the acquisition of new facilities and equipment, and additions to, enhancement and replacement of these facilities thereafter.

Capital Levy

For pupils without Capital Certificates and Debentures, there is an annual payment of the Capital Levy. The payment is non-interest bearing, non-refundable and non-transferable.

The levy amount is reviewed each year. The current annual Capital Levy charge of HK$60,000 per year per pupil.
 

Capital Certificates and Debentures


The current batch of Individual Capital Certificates and Corporate Capital Certificates are fully subscribed. No further batch of Capital Certificates is expected to be issued in the near future.

The first batch of individual debentures, valued at HK$600,000, was fully subscribed when the School opened in 2012. No further batch of individual debentures will be issued in the near future.

For more information about the Capital Levy, Capital Certificates and Debentures, please contact the Director of Finance, Ms. Miranda Ng.


Priority System

The different types of Capital Certificates and Debentures give different degrees of priority for assessment. 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.

Priority
Number

Categories

1

Corporate Capital Certificate nominees; Individual Capital Certificate Nominees; Children of staff

2

Individual Debenture nominees who are siblings of pupils holding a Corporate Capital Certificate or Individual Capital Certificate or another Individual Debenture, or who are applying from a school which is a member of the Harrow family of schools

3

Individual Debenture nominees

4

Pupils from overseas without a school place in Hong Kong; siblings of pupils currently at Harrow Hong Kong; returning pupils

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.