CO129-524-2 Hong Kong University- financial position- Chinese studies- future of the Chinese school and the Annual... 27-1-1930 - 12-8-1930 — Page 151

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If anything like the general expansion contemplated

in these statements is carried out it will be necessary. to

increase the office staff still further.

The Registrar

should then have a secretary on a salary of $6,000 a year.

The bookkeeper should have two assistants at salaries which

combined would amount to 4,500 a year.

There should be a

6,000; a clerk

clerk in charge of the sale of books on a salary of $2,400

a year; a European cashier on a salary of

in charge of students' records on a salary

of $2,400 and a

stenographer for the Vice-Chancellor, in addition to his

private secretary, on a salary of $3,000.

The additional

annual cost of these improvements would be 22,300 which

means an additional capital of 400,000. Thus, the office

improvements immediately necessary involve an additional

capital of $200,000 with a further capital of $400,000 if

the general expansion scheme is carried out.

The need of a man of the non-commissioned officer type

to be in charge of the grounds is being keenly felt. The

capital sum required to cover the cost of such an employee

would be 100,000.

Therefore, the immediate additional capital cost of

putting the University administration into a reasonable state

of efficiency is $300,000 with the ultimate cost of 500,000.