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in
to
the budget
budget forecast of 6% growth in total
exports being revised
8%. The estimate for GDP growth in 1986 of 4.5% has also been
revised upwards to 5.6%.
12.
and share
Exports apart the main economic indicators all suggest that
Hong Kong's economy is performing well. Recent land sa les
flotations have been more successful than expected and the Hang Seng
Index (Stock Market) recently reached an all-time high and continues
to rise. The overall rate of inflation is expected to remain at
around 3% whilst the unemployment rate at 3%, in effect full
employment, is also expected to remain constant.
expenditure during the first half of the year has been close to the
budget estimate, whilst Government revenue has continued to grow.
As a result the budget surplus in 1986-87 is likely to be greater
than originally estimated.
The University of Hong Kong
13.
Government
The University of Hong Kong has grown from modest beginnings
in 1911 to a present student population of over 7,000. It has
faculties of arts, architecture, dentistry, education, engineering,
law, medicine, science and social sciences.
The university's
central estate is on the northwestern slopes of Hong Kong Island.
A11 the faculties, with the exception
of
Education, teach both
undergraduate and postgraduate courses. The Faculty of Education at
present teaches only postgraduates, most of whom are preparing for
the Certificate in Education. The medium of instruction throughout
the University is English, except in the Department of Chinese.
14.
the university
The
are
are
examiners who
Britain and the
Close links are maintained with other universities.
structure of the degrees and the governance of
based mainly on the British system and external
eminent academics in the field, generally from
United States,
States, visit in each subject area at least once every three
and moderate each year's finals papers. Competition for
places at
at the university is intense and in many cases there are five
times the number of applications from qualified candidates as there are places available. The university's academic staff are recruited by international advertisement.
years
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