153
9
Committee that the professors of the Clinical subjects in medicine should be paid at the higher rate of £2000 a year the cost would be increased by. £1500 and a proviuent fund contribution of €150 a year, i,☺. by £1650 making the total under this hend £97,952. If full-time professorships in Pharmacology and Preventive Medicine were stablished, 30 addition of £3,500 (£3000 for salaries and £300 for Provident Fund contributions) would be required.
NOTE II
We have adopted the recommendation of the Asquith Commission which favours difference of pay for people engaged on like work, some at home and some overseas. It is quite clear that it is impossible for us to follow the scales of pay f Chiness Universities for cither Chinese or European members of the staff. The costs of living in Hong Kong are very much higher than any average of Chinese costs. Further the unavoidable costs for
European to cover housing, a different lietary, the eucazion of children and frequently very large commitments for the kec ping up of a household in England total a considerably higher gum than normally would be spent on essentials by a Chinese in Hong Kong. The proposal we favour is for a common basic salary for each grade of posts with overseas pay for Europeans in Hong Kong and at a like rate for any Chinese member of the staff who is resident for study or any other approved purpose in the United Kingdom or the Dominions.
+
Departmental Maintenance Grants etc., (based on but not repeating the Irvine Committee's recommendations)
Grants to Deprtments.
"Library.
st
Scholarships and Maintenance Grants
of Students from China....
.€9500
.32000
COCO
37000
€7000
£37.500
Research Grant (excluding Fisheries),
Research Institutes.
Other charges,
If the proposal for endowments of professorships were ccepted the normal recurring expenditures might be about £96,300+ £37,500 = £133,800. If none of the basic
professorships was endowed, the amount would be increased by £10,500 to a total of £144,100.
The University's present resources go only a little way to meet these recurring costs. Before the war the dec income ha risen to about £22,000. The Government of Hong K、ng menden Gran, of H. K. dollars 350,000 to the general fund of the University, maintained a certain number of scholars and paid cubsintance allowance and fees for students in training t: becvine teachers in its schools. ne total payment was about £23,500, Endowments were a liminishing source of ineori, Suns nl been invested in high interest-bearing mortgages in Mianghal -ud za Hong Kong. The University în 1938 ́Èd 1970
of a certain number of the latter n order to invest the capital in British Government Securities, the remainder have to be written off as they have been repaid in seriously depreciated OileSC dollars in Shanghai. The Hong Kong mortgages may recover their values but for the present it is impossible to expect any interest return on them. The University is thus left with some £350,000 in safe investments in the United Kingdom from which it rectives an annual return of about £12,000, Of the capital' sun
/2285,000