IV. Senate Resolu-
tion Nos. 4
to 6.
V. Paragraph 12.
VI. Paragraph 14.
VII. Paragraph 16.
VIII. Paragraph 17.
IX. Paragraph 18.
X. Paragraph 25.
214
the University, this Council is satisfied that such an impression was utterly unintended by the Committee.
Resolved that no action was necessary.
The Court proceeded to consider, section by section, the resolutions of the Council on certain paragraphs of the University (1937) Committee's Report.
Resolved (nem. con) that the investment of University funds in mortgages in Hong Kong and in Shanghai is not satisfactory.
Resolved (nem. con) that Budget provision as a reserve against depreciation charges is necessary and should be a first charge on any surplus of income over expenditure.
Resolved (nem. con) that the present scale of house.
allowance paid to men living off the University. estate is not too high in comparison with the cost of provision made for men living in University houses and that house rent allowances should be paid as subventions towards actual rent paid, but only to the maxima of the present house allowance scale.
(1) Resolved (nem. con) that the Finance Committee be asked forthwith to consider from the financial point of view the project of building four to six flats on the University estate for bachelors or younger married lecturers or professors.
(2) Resolved (nem. con) also that the commitments entered into by members of the staff who have had to seek accommodation outside should be given sympathetic consideration if, and when, increased housing accommodation in the University grounds becomes available.
Resolved (nem. con) that the sterling superannuation fund be maintained as a separate account and the capital sum be invested in British Government securities, the present guarantees of the Provident Fund being maintained.
Resolved by a majority vote that the teaching of Engineering in the University be reorganized on the following basis:
(a) When the posts of Professor of Elec- trical Engineering and Professor of Mechanical Engineering fall vacant they should be held in abeyance;
(b) In Engineering the University should for the present confine itself to teaching and examining, in its fourth year courses, for a degree in Civil Engineering;