THE University of Melbourne is offering a scholarship to Hong Kong students who intend to take their Master's degree by research or a PhD. Now in its fifth year, the university's Alumni Association Scholarship for Hong Kong covers full tuition fees and a living allowance of A$13,000 (about HK$73,300) a year. Recipients are expected to return to Hong Kong when they graduate and to contribute to the prosperity and stability of Hong Kong before and after 1997. Professor Kwong Lee-dow, the University of Melbourne's Dean of the Institute of Education, said: ''We are very keen to have students from a range of countries working together. This benefits the Australian students as well as giving other overseas students the chance to live in a different environment and learn in a different way.'' The university was obtaining funds from different areas to support the scholarship fund. ''For example, we have support from industries which have particular projects that we want students to engage in,'' he said. ''Living expenses vary because different people have different needs. It depends a little on where the students live as this would affect their transportation costs but basic living costs would be met,'' said Professor Kwong. To apply for the scholarship, applicants should have sound English language skills, a great interest in carrying out research on their chosen topic and good inter-personal skills. For more information, call Dr Jimmy Chan at 890-4852. A number of scholarships are also open to outstanding local residents for postgraduate studies in Britain. The scholarships are offered by the UK/HK Scholarships Committee on behalf of the British and Hong Kong governments. The scholarships will be for postgraduate studies leading to a higher degree either by research or by course work. Applicants may choose any subject of study or research at any leading academic institutions at the tertiary level in the public sector in the United Kingdom. They should also demonstrate a strong sense of commitment to Hong Kong and have the potential to contribute significantly to the mutual understanding between Britain and Hong Kong. Upon graduation, scholars are required to work in Hong Kong for a minimum of three years. The tenure of the scholarship is normally two years and the award covers university composition fee, maintenance allowance, annual vacation passage allowance and a return air passage between Hong Kong and London at the start and completion of studies. Application forms and information notes are available from: Student Financial Assistance Agency, Ninth Floor, National Mutual Centre, 151 Gloucester Road, Wan Chai, Hong Kong. Education Department, Careers and Guidance Services Section, Room 206, Mongkok Government Offices, 30 Luen Wan Street, Mongkok, Kowloon. For enquiries, call 802-1638. The closing date for applications is August 31.