CO129-567-12 Hong Kong University 24-1-1938 - 24-1-1938 — Page 156

- 3 -

17/

IV. Senate Resolu-

tions Nos. 4 to 6.

V. Paragraph 12.

VI. Paragraph 14.

VII. Paragraph 16.

findings; and

(b) With reference to paragraph 73

of the Committee's Report and the

Senate's Resolution thereon, whilst

this Council agrees that the wording

of the second part of the paragraph,

taken by itself and not in conjunction

with the preceding two paragraphs of

the Report, might convey an impression derogatory to the professional status

of the Professors of the University,

this Council is satisfied that such

an impression was utterly unintended

by the Committee.

Resolved that no action was necessary.

The Court proceeded to consider, section

by section, the resolutions of the

Council on certain paragraphs of the University (1937) Committee's Report.

Resolved (nem. con) that the investment

of University funds in mortgages in

Hong Kong and in Shanghai is not

satisfactory.

Resolved (nem. con) that Budget provision

as a reserve against depreciation charges is necessary and should be a first charge on any surplus of income over expenditure. Resolved (nem. con) that the present scale

of house allowance paid to men living off

the University estate is not too high in

comparison with the cost of provision