9. Cost.
Master's salary $1,800
Mistress's Do. 600
Temporary House Rent (see par.6) 1,200 (7) probably less,
Coolies Incidental Expenses 300
3,900
Deduct Fees 1,500
Annual Cost 2,400
0 being Kowloon.
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10. Against this extra charge for education, may be set the $7,000 reduction in Queen's College expenses through raised fees.
In 1899 a considerable further reduction in Queen's College expenses is likely to be realised.
22nd July, 1898.
(Signed) O.H.B.Wright,
Head Master,
Queen's College.