5
Sir,
Annex B
UGC/PB/1/72
9 December 1974
I have the honour to refer to my predecessor's letter UGC/PB/1/72 of 12 October 1973 enclosing the
2.
University and Polytechnic Grants Committee's recommendations on the main capital programme for the Hong Kong Polytechnic.
The Committee then recommended to Government that:
(a) approval in principle be given to the
Polytechnic Buildings Development Plan entailing a provisional commitment of up to $247m. for buildings, engineering works and fees but excluding furniture and equipment;
(b) an ultimate target of 8,000 f.t.e. students
at the Polytechnic be confirmed;
(c)
a firm commitment of up to $147.22m. (excluding furniture and equipment) be accepted for Phases I and II;
(a) the requirements for Phase III be reviewed
and recommendations made by the Committee : before July 1976;
(e)
commitments be accepted as follows for Government financial years:
(i) 1973/74
•
Q
•
0
$2m.
(ii)
1974/75
•
→ Q
$75m。
(iii)
1975/76
$60m.
(iv) 1976/77
Q
•
O *
$10m.
3.
In the event only Phase I was accepted by Government and Finance Committee voted a sum of $129 million at July 1973 prices for the capital programme, of which the building cost was $90m, fees #9m. and furniture and equipment 30m. (Building costs rose between July 1973 and March 1974 by about 21% but then began to fall and
The Hon. Colonial Secretary,
.Colonial Secretariat,
Lower Albert Road,
HONG KONG,
/by
...