The memorandum informed the schedule of the next meeting of Trustees of Lingnan on December 6, 1966. The accompanying Report on the Inauguration of the Lingnan Institute of Business Administration on September 23, 1966 at Chung Chi College, The Chinese University of Hong Kong. The report featured also his visits to Lingnan Primary School located at Pak Tin, Lingnan Middle School at Stubbs Road, and Lingnan Club at Central.
The report documented the gift (HK$35,000) given by Mr. Chan Tak Tai to Chung Chi for building the Lingnan Stadium. Mr Yorke however, expressed his intention of preference for sponsoring a new Lingnan College rather than an institute of Business Administration in Hong Kong. Nevertheless, it was decided at the Trustees' Meeting held on December 8, 1965 that, the Trustees had not attempted to sponsor a new college for the simple reason that [the Trustees] did not have sufficient resources to underwrite the cost.