Total ₤16,025
Summary of the Financial Implications
of the proposals.
A. Non-recurring expenditure
B.
i.e. Capital expenditure on buildings and equipment
Additional
Recurring expenditure.
+B-
8B
112
£.
210,000
2,900
-₤131255
'
(a)
Salaries
1. Minimum cost
110,800
4,190
2. Maximum cost
94,300
6,515
(b) Maintenance Charges
36,900
(c)
Scholarships
39,200
(a) Libraries and summer
school
26,500
(e) Provident Fund provision must be added to the
salaries above, averaging 15 per cent. on dollar
salaries and 40 per cent. on sterling salaries.
Total recurring costs then become: -
(a) minimum $320,000
$323876
20,242
(b) maximum (350,000) ?$356,980 £22,311
1
If the Electrical and Mechancial Engineering
Branch is ever resuscitated this would entail an additional
cost of roughly $44,000, raising the maximum recurrent
400,000
expenditure to something like $394,000.
£25,000
At present the annual Government contribution to
the University is $350,000
₤21,875