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4
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the University has had a hard struggle to carry on
a
struggle rendered all the harder by the strike and boycott.
But the importance of an efficient Chinese Faculty has never
been lost sight of.
5. In the Chinese Faculty we propose to employ a
professor, two readers, 2 lecturers, 1 Chinese translater,
1 librarian and one clerk. We also hope to make provision
for 4 research fellows. An initial grant of $20,000 for
Chinese books will be necessary, and we e stimate that we shall
require an annual recurring grant of $6,000 for books,
printing etc., We e stimated that the capital involved in
the financing of the Faculty would be $1,148,000 or roughly $1,150,000. Taking the dollar at 2/-this represents a
capital of about £115,000. Thus the annual cost of the
Faculty including the cost of housing its staff would be about Hong Kong $80,000 or £8,000. It would however be
necessary that payment should be to the University in
Hong Kong dollars and not in sterling. The salaries and
fellowships would have to be paid in dollars and the sterling
value of the dollar fluctuates.
6.
Our previous scheme included a request for 25
scholarships a year for men, tenable at Hong Kong University
at an annual cost of $1,200 for each scholarship, also 4
scholarships for girls of the same value and tenable at
Hong Kong University and 10 post graduate scholarships
tenable in Great Britain, the value of each postgraduate
scholarship being £1,000 each, including passages.
reduce the scholarships for men t enable at this University
from 25 to 10 annually and the scholarships for women from 4 to 2 annually, then the cost of this part of our proposals
would be:-
If we