177
thear the suckers of our main propora depends
scholarships Goes shader's
upon
We Exquide
the provision, from Cherie propor
Euskyetion of our
A
proposal
مله متصالح
до
numbers sufficient for the A share £20,000
д
ف
مسلم
Suggested, but in the uncertainly of the future value of Hạng hàng Chairs -26- currencies
relation to sterling The unor
umor to regarded a Recurrent expenditure on departmental maintenance, etc.
boken
ملمشتا هه
In making an estimate of the mual maintenance expenditure for departments, for scholarshi salerics of staff), we have lurch, etc., (excluding
into account the pre-war expondi ture of the University on such items, the ostimates for the University Collogo of the West Indies made by the Irvine Jommittee, and the special, purnoses of the proposed University,
The need for
provision of scholarships for
The Committee judge Leve
Liudents from thChiun
that the following would be required:-
Grants to Dopartments
Grants to Library
•
Scholarships and Maintenance
Grants for students from Chine
arch (excluding Fisheries)
r charges
鲁
£2,500 por annun £ 2,000
tt
#1
•
£20,000
บ
£ 7,000 £6,000
1!
SH
Ahad 5
72 income
bearing a high rate of interes to
18
There are three main sources of income which may be presumed to be still available to the University - interost on endowments, grant from the Governmont of Hong Kong and foos. Before the war, endowments were a diminishing source of revenue. Somo had been invested in i During mortgages in Shanghai and Hong KongA The former have to be written off as having been ropaid in seriously depreciated Chinese dollars. In 1938 and 1939 the University was able to be rid of a certain number of the Hong Kong mortgages and to invest the capital in British Government securities; the reminder cannot for the present be expected to produce an interest return. The University is loft with a sum of about £320,000 in safe investments in the
pecci
Goivas an annual return of about
United Kingdom from which at 000 lift from the British
:
1
£11,500 of the capital sum
sum 260 Government out of its share of the Chinese Boxer Indemnity, and the interest on this is at free disposal for University purposes. A part of the remainder was given by the Rockefeller Foundation and the interest is earmarked for part payment of the salaries of professors of Medicine, Surgery and Gynaecology.
The Government of Hong Kong made an annual grant to the general fund of the University, maintained a certain number of
lars and contributed to the support, of students in training vecome teachers. The total payment from this source was ut £23,500 per annum.
The fee income of the University had risen before the war to about £22,000 per annum.
The total income that might be available to the University from these three sources is therefore about £57,000 per annum.
73. Summary
These financial estimates can be summarized as follows:
Fodude
/Non-rocurrent
the forer Indenemets These financer 29
In 1940 Scholarships for
Shadley is sleepy
Hong Kong Cultural Association HK$ 1350 (#90)
HK$ 225 (F15) for books and
awarded
was
& 79
by the Sino- Britial allower for feel & lining cos13,
of about Ith $ 600 (₤35.10) for havis
14 &
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