CO129-567-12 Hong Kong University 24-1-1938 - 24-1-1938 — Page 119

UNIVERSITY OF HONG KONG.

BUDGET ESTIMATES 1939.

COMPARISON WITH 1938 ESTIMATES.

134

Estimated Deficit 1938

$114,473.00

Estimated Deficit 1939 per Budget

$167,637.00

as submitted

LESS Adjustments :-

(1) Special Research

Grant for Physics Department to be cut out

(2) Mechanical En-

gineering. Cut out Extra

allowance for

Morley £100.

Cut out new lecturer in

Mechanical

$80,000.

$ 1,600.

Engineering £190.$ 3,040.

(3) Superannuation.

Cut out additional

10% on Salaries

of 3 Professors

at present on

Silver Super-

annuation Fund:

Brown $2,088.

Ride $2,088.

Forster 2,088. $ 6,264. $ 90,904.00

!

$ 76,733.00

DECREASE.....$ 37.740.00

Accounted for as follows

Saving on Sir.Wm.Hornell's Salary

$ 20,100.00

"

"

Acting Registrar's allowance.

3,500.00

=

tt

Prof.Smith's Salary.

18,500.00

#1 Lecturer in Commerce Salary.

2,400.00

#1

Demonstrator in Electrical Engineering (Day) Salary

6,500.00

=

fl Additional interest on

Superannuation Sterling Fund.

2,000.00

C/fwd.

$53,000.00