CO129-593-3 Rehabilitation of Hong Kong University. For extracted photographs see CN 3-45 12-1-1946 - 27-10-1946 — Page 67

·6791

DRAFT MEMORANDUM ON THE SOURCES FROM WHICH THE CAPITAL AND RECURRENT EXPENDITURE, ESTIMATED BY THE HONG KONG UNIVERSITY ADVISORY COMMITTEE AS NECESSARY FOR A RENEWED UNIVERSITY MIGHT BE MET.

Estimates given 1. The Committee, on page 26 of their Report summarise in the Committee's Report.

their estimates of the cost of providing a University of

the standard which they propose as follows:-

Non-recurrent Capital Expenditure.

Repair of Buildings and replacement

of equipment:

£116,000

New Building

600,000

Endowment of basic chairs

350,000

£1,066,000

Recurrent Expenditure

*

Salaries per annum

£104,980

Departmental grants per annum; ̧ 37,500

£141,980

The figures given in the

Report of the income of the

University before the war

are:

Hong Kong Government Grant

Fees and Investments:

£23,500

+

33,500

57,000

Therefore additional

annual expenditure to be met

is estimated at:

£ 84,980

Domicile of Students

2.

The Vice-Chancellor has supplied figures to show the nationality and domicile of students over the period 1928 1941. The average of these figures is as

follows:-

*The figure of £37,500 includes an estimate or £20,000-Tor scholarships

and maintenance grants for students which is a sine qua non of the achievement or the Committee's main recommendations.

It is considereŭ probable that the income derived from rees will increase.