income before the war are: Foes 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 making the estimated annual income
Fees
£22,000
Sterling Investments
15,500
Silver Investments
1.500 39,000
Present Hong Kong Government Grant 30,000
£69,000
11.
12.
The additional annual expenditure to be met is
therefore estimated at £152,500 less £69,000 1.0. £83.500.
The total unnual expenditure from Government
sources will be £83,500 plus the present ammual grant from the Hong Kong Government of £30,000 namoly £113,500.
13.
It is suggested that the capital expenditure of
£716,000 required should be met as follows:
14.
From U.K. funds other than C.D. and W. £500,000
Allocation under Colonial Development
and Welfare Act outside the sum
provisionally allocated to liong Kong 200,000
Hong Kong Government revenue
18.000
£716,000
It is suggested that the total recurrent
expenditure of £113,500 required should be met as follows:
Contribution from U.K. funds of £30,000
rising to
by £2,500 per annum over a six
year period.
Contribution from Hong Kong
Government of
rising to
£45,000
£30,000
$68.500
£113,500
15.
173.