Deshamanya C.A. Coorey Memorial Fund For Royal College
COLOMBO: The Royal College Union (RCU) Trust the beneficiary of an
endowment of Rs. 1 million in memory of two old boys, Deshamanya
Chandana Aelian Coorey and his son, Mohan Srinath, will award two prizes
and a scholarship annually. The endowment will be known as the
Deshamanaya C.A. Coorey Memorial Fund.
The RCU Trust has allocated the annual interest of Rs. 500,000.00 as
the Deshamanya C.A. Coorey Memorial prize to the Royalist who secures
the highest aggregate in both physics and chemistry at the GCE (Advanced
Level) Examination and interest of Rs. 250,000.00 as the Mohan Srinath
Coorey Memorial Prize for Information Technology at the G.C.E. (ordinary
The intrest of the balance Rs. 250,000.00 is an annual hosteller's
scholarship to a deserving hosteller identified by the Hostel warden and
approved by the school principal.
Deshamanaya Coorey had a brilliant academic career in school between
1930 and 1937 and later at the Colombo University. He took the form
prize every year and eventually carried the Turnour Prize for the best
Among his other scholastic accolades were the De Soysa Science Prize,
The Governors' Prize, The George Labrooy Prize for Natural Science and
the University Entrance Scholarship in 1938.
At the University, he was awarded a B.Sc. (Special Chemistry) of the
London University with first class honours and the Bhikerji Framji Gold
Medal in Chemistry.
In 1945, he joined the Ceylon Civil Service and retired as the
Secretary to the Treasury and ended his professional career in the
banking sector, serving in the Board of Governors of the Asian
Development Bank, being the first Chairman of the National Development
Bank from 1979 to 1989 and then being appointed as Chairman of the DFCC
where he ended his career. He passed away in March 2004.
His son, Mohan Srinath, attended Harvard University in the US after
schooling at Royal College where he obtained a degree majoring in
economics following up with a MS in Accounting and CPA from New York
He, too, joined the international banking sector and served in the
middle East with the Gulf International Bank. He pre-deceased his father
The endowment has been made by Mrs. Lakshmi Coorey in memory of her