UNIVERSITY OF HONG KONG.
BUDGET ESTIMATES 1939.
COMPARISON WITH 1938 ESTIMATES.
134
Estimated Deficit 1938
$114,473.00
Estimated Deficit 1939 per Budget
$167,637.00
as submitted
LESS Adjustments :-
(1) Special Research
Grant for Physics Department to be cut out
(2) Mechanical En-
gineering. Cut out Extra
allowance for
Morley £100.
Cut out new lecturer in
Mechanical
$80,000.
$ 1,600.
Engineering £190.$ 3,040.
(3) Superannuation.
Cut out additional
10% on Salaries
of 3 Professors
at present on
Silver Super-
annuation Fund:
Brown $2,088.
Ride $2,088.
Forster 2,088. $ 6,264. $ 90,904.00
!
$ 76,733.00
DECREASE.....$ 37.740.00
Accounted for as follows
Saving on Sir.Wm.Hornell's Salary
$ 20,100.00
"
"
Acting Registrar's allowance.
3,500.00
=
tt
Prof.Smith's Salary.
18,500.00
#1 Lecturer in Commerce Salary.
2,400.00
#1
Demonstrator in Electrical Engineering (Day) Salary
6,500.00
=
fl Additional interest on
Superannuation Sterling Fund.
2,000.00
C/fwd.
$53,000.00