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It is considered that this will not be possible if vocational orientation and low recurrent per capita costs (both essential to the Polytechnic proposal) are to be achieved.
6.
It is perhaps worth noting that the University Grants Committee which made these investigations has already in its approach to The Chinese University of Hong Kong and its College problems shown its willingness to build on
existing institutions when possible.
7.
It is expected that by about 1980 there will be a need for at least as many full-time students in Polytechnics as there are University students. On present projections the total University population might before the end of the 1980s be as high as 10,000. The 1967-68 total for the two
Universities is somewhat over 4000 students. Initially
however the Polytechnic should probably be planned for
about 2000 students. A larger institution might achieve
lower per capita recurrent costs.
8.
Probable financial burdens can only be given as a rough order of costs. These are based as far as possible on Hong Kong costs and experience adjusted in the light of what little is known of UK and US figures. In summary the costs should be of the following order:
Initial capital costs
Buildings
HK$m
£000
15.0
1,027
Equipment and furniture
12.875
882
Total:
27.875m
1,909,000
Annual Running Costs
Basic
Equipment
17.0
2.0
Total:
19.Om
1,164
137 1,301,000
NOTE: (1) The building costs are reasonably firm. Initial
equipment costs are less certain and the figures given could be too low. Too low an expenditure on equipment might defeat the purpose of the Polytechnic.
/ (2)....
CONFIDENTIAL