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 161

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the University has had a hard struggle to carry on

a

struggle rendered all the harder by the strike and boycott.

But the importance of an efficient Chinese Faculty has never

been lost sight of.

5. In the Chinese Faculty we propose to employ a

professor, two readers, 2 lecturers, 1 Chinese translater,

1 librarian and one clerk. We also hope to make provision

for 4 research fellows. An initial grant of $20,000 for

Chinese books will be necessary, and we e stimate that we shall

require an annual recurring grant of $6,000 for books,

printing etc., We e stimated that the capital involved in

the financing of the Faculty would be $1,148,000 or roughly $1,150,000. Taking the dollar at 2/-this represents a

capital of about £115,000. Thus the annual cost of the

Faculty including the cost of housing its staff would be about Hong Kong $80,000 or £8,000. It would however be

necessary that payment should be to the University in

Hong Kong dollars and not in sterling. The salaries and

fellowships would have to be paid in dollars and the sterling

value of the dollar fluctuates.

6.

Our previous scheme included a request for 25

scholarships a year for men, tenable at Hong Kong University

at an annual cost of $1,200 for each scholarship, also 4

scholarships for girls of the same value and tenable at

Hong Kong University and 10 post graduate scholarships

tenable in Great Britain, the value of each postgraduate

scholarship being £1,000 each, including passages.

reduce the scholarships for men t enable at this University

from 25 to 10 annually and the scholarships for women from 4 to 2 annually, then the cost of this part of our proposals

would be:-

If we