CO129-593-3 Rehabilitation of Hong Kong University. For extracted photographs see CN 3-45 12-1-1946 - 27-10-1946 — Page 60

territories (b) from Dominions (c) from foreign

territories. Average for years 1928-40 (a) 274,

For the year 1941 (a) 398,

(b) 16, (c) 160.

(b) 23, (c) 229.

(b) 30, (c) 260.

Estimate for year 1950 (a) 390,

3. For the purpose of the approach to the

Mik

Treasury, we have thought it desirable to ignore

the possibility of the endowment of basic chairs

thus reducing the estimate of non-recurrent

Also

expenditure in paragraph 73 of the Report to

£716,000 and increasing the recurrent expenditure

by £10,500 to £152,500 approximately. Sloss has,

however, indicated that certain other adjustments

should be made in estimating recurrent expenditure

reducing the total by £5,500 to £147,000, Taking

eWREMENTS

capital and recurrent cost involved as £716,000 and

113500

taking accoronat £147,000 respectively and of the

ångasvattile Visas

students' domicile figures in the preceding paragraph,

ADVIän mi voss. we propose to recommend that we should ask for a

contribution from U.K. funds other than C.D. & W. of

£500,000 towards capital expenditure and £30,000

per annum towards the recurrent expenditure. We

That THI

1.€.

should propose to put in an application/for a further

contribution of £200,000 towards the capital cost

from C.D. & W. central funds (that is outside the sum

provisionally allocated to Hong Kong from C.D. & WTO

leaving-£16,000 to be found from Hong Kong revenues

in respect of capital expenditure. Liability for

recurrent expenditure from Hong Kong revenues would be

5

an annual figure rising to a maximum of £83,00 which,

however, it is thought would not be reached for some

5 to 7 years.

4. As we see it, the position is that apart from

the grounds for increasing Hong Kong Government's

(ay

contribution on account of depreciated purchasing

power of Hong Kong dollar as compared with 1939

a

or ₤113,500, excluding

UNIVERSITIES

INCOME

in conve

ENDOWMENTS

the

te

foun

AND FEES

as

in

trie

ausing men's

GETIMATED

2

PARA 72 OF THE KREPOR REPOR

ITIL OTHER DEMAN Until okien Jeniaus

assistance T

tes for CDRW prouts low and

OF MIGH

an LifeL

ARD KIMN

expenditure FD are Kumm..

educcion

IT ISN

I is not certain hal

COULD BE

applicolin co. he in full and

GREED IN FULL BUT

The puspects are FAVOURI

afavanable. If the

application

I does to thing only k16000 and he left-

and

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