Lecturers (contd.)
Filled
Science
Physics Chemistry
Biology
Engineering
Civil Engineering
Medicine
12
Adminis-
Vice-Chancellor (retiring)
Vice-Chancellor (1948)
trative
Registrar
Note 1.
Tutors and Demonstrators are not included.
-
purely local appointments
Note 2.
Four new professorships are proposed of which two are transferred from Readerships (History and Marine
shown above X. 20ology) and two (Architecture and Geography) sub-
'new
stituted for Professorships of Mechanical and Electrical Engineering.
Note 3.
The Readership in Anatomy is substituted temporarily for a Professorship: the Readership in Biochemistry is
new.
Lectureships
Note 4. Existing Senior Lectureships in Mechanical and
Electrical Engineering will not be filled; in Architecture and Education are new.
Financial position.
Recurring Charges.
II.
A.
(i)
Income.
Expectation for year 1950.
Endowment income $300,000 = £19,000
Fees
(with $320,000 = £20,000 further
increase)
Grant from Hong Kong Government
$450,000 - £28,150
=
$1,070,000 = £67,150
(ii) Expenditure.
Note: Wages of servants have increased fourfold
since 1941. Dollar salaries must be doubled and sterling salaries increased by nearly 50 per cent.7
Based on estimates for 1941 by 1950 we shall have to meet at least the following totals of re- curring expenditure:
(a) Wages
$296,000
(b) Dollar Salaries $400,000
£18,500
=
£25,000
(c) Sterling
11
$870,000
(a) Maintenance
$220,000
$1,786,000
£54,000 (low because of
£14,000
£111,500
re-equipment
now in hand)
We