I.
UNIVERSITY OF HONG KONG
SCHEME FOR THE FINANCING OF THE ERECTION AND FURNISHING OF THE NEW VICE-CHANCELLOR'S LODGE
(Already erected and in use)
1.
Objects:
May, 1951.
92
2.
3.
4.
5.
To provide suitable furnished accomodation for the Vice-Chancellor of the University, as the old Vice-Chancellor's Lodge was no longer suitable, was a Yery uneconomical use of space, and had been converted into four staff flats.
Division of Costs:
Cost of provision of such accomodation is to be divided equally between funds allocated under C.D. & W., and C. & M.E.S. votes, as detailed in the tel 1900 of 1950 from the Secretary of State for the Colonies co the Governor of Hong Kong.
Administrative & Financial Control:
The University of Hong Kong has been recognized as an administering authority for the purpose of administrative and financial control of monies allocated from the C.D. & W. fund. Secretary of State tel. 1900 of Dec. 22, 1950, refers.
Basis of Application:
is the University was advised in 1948 that 2250,000 would be available as an ex gratia grant from 4.M. Treasury and as the need for rehousing the Vice- Chancellor had become urgent in view of the conversion, as a matter of expediency, of the old Vice-Chancellor's Lodge into 4 staff flats, the new Vice-Chancellor's Lodge was erected, and occupied by September, 1950, in the expectation that the cost of erection and furnishing would be met from the Treasury Grant. Since then the grants available under C.D. & W. and C. & M.E.S. votes have been fused, and it is assumed that this application must follow the terms of others for allocation from these grants, so that each may bear one-half of the total cost.
Financial Summary:
See Appendix A.