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During 1923 an Honorary Degree was conferred upon the Hon. Sir Paul Chater, C.M.G., who has held the post of Honorary Treasurer since the foundation of the University.
A donation of $300,000 was received from the Hongkong Government in final liquidation of the balance of $1,000,000 which the Government promised in 1920 to contribute to the University Endowment Fund. A benefaction of $250,000 was also received from Sir Paul Chater to be known as "The Chater Endowment Fund", the income to be applied to the general funds of the University.
The total cost of the land, buildings and equipment of the University may be placed at approximately $1,750,000 and their replacement value at not less than $2,500,000, while the invested endowments exceed $3,000,000.