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of the need for long term planning the Committee will be prepared to consider carefully argued proposals related to specific future projects which may require equipment monies to be carried forward
from one triennium to the next.
35.
Within the equipment grant will be subsumed computer equipment, and for very major items (such as a computer main- frame) the Committee may indicate the sum which has been included. Equipment items costing more than $250,000 will require Committee approval before purchase.
36.
The net result of the change in funding methods is that the institutions will receive annually about 20% more money for equipment (in real terms) than their average expenditure in recent years. The Committee, both on the basis of the needs of Hong Kong and of international comparisons, believes that this is the minimum sum needed to maintain vigorous teaching and to provide appropriate support for research.
37.
In order to protect the equipment grant, virement in from general recurrent grant of up to 10% of the value of the equipment grant will be permitted but no virement out will be
allowed.
38.
We have also included in our recommendations for recurrent grants monies for minor works, formerly provided as capital grants (See Appendix C).
39.
In our recommendations on recurrent subventions for the triennium 1978-81 we made reference to the changing needs of the three institutions for computing facilities, and we gave support to the proposal brought forward by them for the replace- ment of the large central facility by a ring network making use of facilities in the separate institutions. This network is
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