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13.
Financial summary
Estimated additional needs.
Suggested methods of meeting
needs.
A.
Capital
A. Capital
£500,000
B.
B.
Recurrent
£64,000 p.a. rising to
(i)
£96,000 by 1953
(i) Release of grant of
£250,000 promised by His Majesty's Treasury in 1948
(ii) Grant of £250,000 from
Colonial Development and Welfare higher education allocation.
Recurrent
Increase of local
Government grant by
£31,250 p.a.
(ii) Increase of fee income
by £20,375
(iii) Create new endowment
fund by:
(a) grant of £250,000.
from H. M.G.
(b) grants from Dominions
(c) local appeal
(d) approach to American
and other Foundations