·6791
DRAFT MEMORANDUM ON THE SOURCES FROM WHICH THE CAPITAL AND RECURRENT EXPENDITURE, ESTIMATED BY THE HONG KONG UNIVERSITY ADVISORY COMMITTEE AS NECESSARY FOR A RENEWED UNIVERSITY MIGHT BE MET.
Estimates given 1. The Committee, on page 26 of their Report summarise in the Committee's Report.
their estimates of the cost of providing a University of
the standard which they propose as follows:-
Non-recurrent Capital Expenditure.
Repair of Buildings and replacement
of equipment:
£116,000
New Building
600,000
Endowment of basic chairs
350,000
£1,066,000
Recurrent Expenditure
*
Salaries per annum
£104,980
Departmental grants per annum; ̧ 37,500
£141,980
The figures given in the
Report of the income of the
University before the war
are:
Hong Kong Government Grant
Fees and Investments:
£23,500
+
33,500
57,000
Therefore additional
annual expenditure to be met
is estimated at:
£ 84,980
Domicile of Students
2.
The Vice-Chancellor has supplied figures to show the nationality and domicile of students over the period 1928 1941. The average of these figures is as
follows:-
*The figure of £37,500 includes an estimate or £20,000-Tor scholarships
and maintenance grants for students which is a sine qua non of the achievement or the Committee's main recommendations.
It is considereŭ probable that the income derived from rees will increase.