20
THE COST OF A MODERN. UNIVERSITY.
*
yes
" and not.
The University accounts for the year ending 31st August, 1921, disclose an enlowment fund ex- ceeding $2,500,000 and property of an original value of not less than $1,750,000, while the Budget for 1922 shows estimated receipts and expenditure exceeding $340,000. When these figues are com- pared with those of 10 years ago-approximately one-third as large only-the question may well be asked whether any further appeal must not be necessitated by extravagance ? and, again, whether if the appeal meets with a ready response, any limit can be placed to future requirements? To the second question the answer is at once"
The field of knowledge is indefinitely large and is ever growing, and it is coming to be recognized that no one University, however well equipped, can hope to cover the whole ground. As the need for the teaching of additional subjects in China comes to be recognized, it may reasonably be hoped that Hongkong may be regarded as a worthy home for many of them; but in that case it will be for those who recognize the need to find the necessary endowments. On the whole, it is towards the Universities that are already well-endowed that the stream of endowments for new developments tends to flow. But with all that, the present appeal has no concern. The sole aim of the University authoritice is that, in respect of the ground
699
No comments yet.
Private notes are available after approval.