Scholarships worth $340,000 have been awarded recently to 170 secondary school students. The grants, now in its ninth year, were made by the Hongkong Electric Centenary Trust. So far $2.72 million have been given to 1,360 students. The trust was established in 1990 to commemorate the 100th anniversary of the company. Every year, half of the trust fund's income is donated by the company to students and the other half goes to services for the elderly.