CO129-593-3 Rehabilitation of Hong Kong University. For extracted photographs see CN 3-45 12-1-1946 - 27-10-1946 — Page 71

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income from silver investments in property. As much of

the property has been destroyed it is not possible to

forecast the income likely to be derived from this

source and it has not been referred to in the Committee's

The latest figures received by the

Report.

Vice-Chancellor suggest, however, that it would be

reasonable to estimate an income of £1,500 from this

source. The total additional amount called for therefore

becomes £90,000. The contribution from the Government

of Hong Kong has been stated as £23,500 in the Report

but just before the outbreak of hostilities it had been

decided to increase this figure to £30,000 and in fact

The action amout called for i this sum was received for the year 1941. It is suggested

The thing

83 500 that should in future be increased to £60,000 and

perhaps more not immediately but gradually so as to

reach this figure in five years. It is generally

regarded as desirable that the Government of Hong Kong

should increase both its revenue and its expenditure,

83 500 and it is considered that an annual grant of £60,000

would be reasonable when the Colony's anticipated

prosperity has been established. It is open to

J

£23.500 herefore

criticism that during the period 1934 1938 the

expenditure by the Hong Kong Government on education was

only 5.96% of the total Government expenditure in the

Colony. The expenditure on police and prisons was 11.92%

and expenditure on Government pensions was 6.87%.

Further considerations relevant to the contribution of the

Hong Kong Government are (a) what would the Hong Kong

Government have to expend on the restoration and

maintenance of the University were it proposed merely to

re-establish it on the pre-war basis, and (b) what would

the Hong Kong Government have to expend on higher

education in the Colony, were the University dissolved.

/Presumably