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
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1. The Committee, on page 26 of their Report summarise
their estimate of the cost of providing a University of
the standard which they propose as follows:-
Estimated Non-Recurrent Capital Expenditure.
Repair or Buildings and
replacement of Equipment
New buildings
Endowment of basic chairs
£116,000
600,000
350,000
1,066,000
If, for the purpose of this memorandum,
the endowment of chairs is ignored the non-
recurrent expenditure would be reduced to:
But the recurrent expenditure on the seven
basic chairs would be increased by £10,500.
Estimated Recurrent Expenditure per annum.
Salaries
£104,480
Salaries in lieu of endowment
10,500
Scholarships and maintenance
grants for scholars
20,000
Departmental grants
17,500
£152,500
The figures given in the Report of the
University's income before the war are:
Fees and Investments £33,500 plus
Hong Kong Government Grant £23,500
-
total
£57,000. Since the date of the Report the
Vice-Chancellor has indicated certain adjustments
which should be taken into account and making the
Estimated Annual Income
Fees
Sterling Investments
£716,000
£22,000
15,500
1,500
39.000
30,000
Silver Investments
Present Hong Kong Government Grant
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