territories (b) from Dominions (c) from foreign
territories. Average for years 1928-40 (a) 274,
For the year 1941 (a) 398,
(b) 16, (c) 160.
(b) 23, (c) 229.
(b) 30, (c) 260.
Estimate for year 1950 (a) 390,
3. For the purpose of the approach to the
Mik
Treasury, we have thought it desirable to ignore
the possibility of the endowment of basic chairs
thus reducing the estimate of non-recurrent
Also
expenditure in paragraph 73 of the Report to
£716,000 and increasing the recurrent expenditure
by £10,500 to £152,500 approximately. Sloss has,
however, indicated that certain other adjustments
should be made in estimating recurrent expenditure
reducing the total by £5,500 to £147,000, Taking
eWREMENTS
capital and recurrent cost involved as £716,000 and
113500
taking accoronat £147,000 respectively and of the
ångasvattile Visas
students' domicile figures in the preceding paragraph,
ADVIän mi voss. we propose to recommend that we should ask for a
contribution from U.K. funds other than C.D. & W. of
£500,000 towards capital expenditure and £30,000
per annum towards the recurrent expenditure. We
That THI
1.€.
should propose to put in an application/for a further
contribution of £200,000 towards the capital cost
from C.D. & W. central funds (that is outside the sum
provisionally allocated to Hong Kong from C.D. & WTO
leaving-£16,000 to be found from Hong Kong revenues
in respect of capital expenditure. Liability for
recurrent expenditure from Hong Kong revenues would be
5
an annual figure rising to a maximum of £83,00 which,
however, it is thought would not be reached for some
5 to 7 years.
4. As we see it, the position is that apart from
the grounds for increasing Hong Kong Government's
(ay
contribution on account of depreciated purchasing
power of Hong Kong dollar as compared with 1939
a
or ₤113,500, excluding
UNIVERSITIES
INCOME
in conve
ENDOWMENTS
the
te
foun
AND FEES
as
in
trie
ausing men's
GETIMATED
2
PARA 72 OF THE KREPOR REPOR
ITIL OTHER DEMAN Until okien Jeniaus
assistance T
tes for CDRW prouts low and
OF MIGH
an LifeL
ARD KIMN
expenditure FD are Kumm..
educcion
IT ISN
I is not certain hal
COULD BE
applicolin co. he in full and
GREED IN FULL BUT
The puspects are FAVOURI
afavanable. If the
application
I does to thing only k16000 and he left-
and
Page 60Page 61